Barclays downgraded the entire high grade corporate bond market for the US electric sector last week in a strong indication that solar PV-generated power coupled with storage presents a long term disruptive risk to utilities.
SMA Solar Technology and Danfoss signed a contract to enter into a close strategic partnership. With this agreement, the two leading system technology specialists will start to further boost their competitiveness. The goal is to sustainably strengthen their cost positions through economies of scale and through joint development initiatives. According to the plans announced in February, Danfoss will acquire 20% of SMA’s outstanding shares and sell its entire solar inverter business to SMA. The necessary approval by the antitrust authorities has already been granted.
