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SMA Solar plant to bring hundreds of jobs to Denver19 Nov

Denver adding new jobs and creating a vibrant and diverse economy is good news and we wanted to share it.

SMA Solar Technology AG, the world’s largest manufacturer of a critical component in solar power generation, said Monday it will invest about $20 million in its first North American manufacturing plant — in Denver — expected to open in the first half of 2010.

SMA, based in Niestetal, Germany, manufacturers inverters for solar power systems — the device that converts direct current (DC) electricity, produced by the panels, into alternating current (AC) electricity, which can be used by electrical equipment and sent onto the power grid network. SMA holds about 40 percent of the world’s marketshare for solar panel inverters and manufactures equipment for small, residential-sized systems as well as commercial and large, utility-scale systems.

The company surveyed 10 cities in the United States and chose Denver for its first manufacturing plant outside of Germany — specifically about 180,000 square feet of space at 4701 Havana — due to the building’s access to Interstate 70 and nearby railway lines and the skills of the local workforce, officials said.

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