Good News from Thu, 23 September, 2010:

Vacon strengthens its position in European solar energy business

According to researchers’ estimates investments in renewable energy will rise to 150 billion dollars this year. Vacon wants its own slice of the cake. According to researchers’ estimates investments in renewable energy will rise to 150 billion dollars this year. Vacon wants its own slice of the cake.
Leading supplier of AC drives, Vacon is strengthening its foothold in the solar energy business. The company has received new orders from Czech Republic, Italy and Belgium.

– Vacon’s business is clean technology, distinguished by two growth areas. One is the long-established field of controlling electric motors with AC drives, and the other one is our product offering for harnessing renewable energy, says Olli Tevä, Marketing Director for Vacon's Renewable Energy Applications.

– According to research, the growth in the solar energy market has been exceptionally fast. This year, we have received a remarkable amount of orders in the Czech Republic, totalling over 100 megawatts.

In Italy Vacon has got into full speed with orders of several megawatts in total. The company has received its first order from Belgium as well.

– Towards the end of the year, Vacon will solidify its presence in the solar energy business in different parts of the world, promises Tevä.

Earlier this year, Vacon gained know-how in the solar energy sector by acquiring a small Spanish company that specializes in the design of solar energy inverters. As a result, Vacon has now designed Vacon 8000 Solar, a flagship product for solar energy applications from 10 kilowatts to 1 megawatt.

Compared to Vacon’s main business, AC Converters, its entry into the solar energy market is still modest. In its company presentation Vacon states discreetly: “Vacon’s operations are driven by a passion to develop, manufacture and sell the best AC drives in the world — and nothing else”.

www.vacon.com

MT