Good Business with Nippon Entry to the Japanese market for the German inverter manufacturer, KACO new energy

The South Korean subsidiary of KACO new energy, the German inverter manufacturer based in Neckarsulm, is to supply inverters to the largest Japanese system integrator. The scope is at least 50 megawatts.

Neckarsulm / Munich. On 14th June, KACO new energy South Korea, a subsidiary of the

German inverter manufacturer based in Neckarsulm signed an exclusive contract with the
Japanese full system supplier GREEN TEC at the Intersolar Europe trade fair. The supply of
inverters totalling a minimum of 50 megawatts was agreed for 2013. As such, the company
is the first to secure significant entry into the Japanese market. Mr. Kazushi Kawakatsu, CEO
of GREEN TEC, Mr. Ralf Hofmann, CEO of KACO new energy, and Dr. Ted Kim, CEO of
KACO new energy south Korea, signed the contract. The Powador XP 100 N as well as
models with 50 and 42 kilowatt output will be delivered to Japan. These are best suited to
the (110V) Japanese grid requirements.

CEO Ralf Hofmann said: „This contract marks a considerable extension of our good
collaboration. We expect stable business with room for expansion".

GREEN TEC had already worked with KACO new energy South Korea in the past and has
installed inverters for photovoltaic plants on the South Korean peninsula. Now the
collaboration will start in Japan. The Japanese photovoltaic market is growing strongly at the
moment. In 2011 plants with a cumulative output of one gigawatt were installed. In 2013
this is expected to double to 2 gigawatts. GREEN TEC is one of the biggets players on the
Japanese market. The Kyoto based company belongs to the top three full system suppliers in
Japan.

This contracted supply consists of central inverters for high output photovoltaic plants. KACO new energy is also expecting increased demand in Nippon for inverters for household PV systems as well as intelligent storage solutions.

About KACO new energy:
KACO new energy is one of the world's largest manufacturers of grid-tie inverters for
feeding solar energy. KACO offers a comprehensive range of inverters for PV systems for
everything from single-family homes to multi-megawatt solar farms. The company is based
in Neckarsulm, Germany and has been producing inverters with a cumulative capacity
exceeding five gigawatts since 1999. KACO new energy was the first company in the
photovoltaic industry to manufacture inverters (the Powador model) using completely CO2-
neutral production methods. In addition to grid-tie and battery-based solar inverters, the
company also supplies inverters for combined heat and power plants and concentrator
modules, as well as energy storage systems for solar power plants.

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