Today's News

Yaskawa acquires Solectria Renewables

July 17, 2014
KEYWORDS PV / Solectria / Yaskawa
/ Print / Reprints /
ShareMore
/ Text Size+

Yaskawa Electric Corp. has announced it will purchase Solectria Renewables through its U.S. subsidiary, Yaskawa America Inc. Solectria Renewables will continue to operate as a wholly owned subsidiary. Terms of the deal were not disclosed.

Headquartered in Lawrence, MA, Solectria manufactures high-performance photovoltaic (PV) inverters for the residential, commercial, and utility-scale power systems. The company employs over 160 people throughout the United States.

Founded in 1915, Yaskawa Electric is a $3.6-billion global company specializing in factory automation solutions, as well as low-power PV inverters.

Yaswaka officials said the acquisition will benefit Yaskawa and Solectria customers alike. Yaskawa will bring scale, global sales, and manufacturing facilities, as well as diversification to Solectria. Likewise, Solectria will bring over 20 years of power electronics experience, ten dedicated to the PV industry, and knowledge of medium- and high-voltage PV products to Yaskawa.

 “This is an effort to broaden Yaskawa’s exposure in the renewable energy market and expand the use of our technology expertise,” said Mike Knapek, Yaskawa America President and COO. “Solectria has built a strong and successful organization in the solar inverter market over the past 10 years. The philosophies and strategies of both organizations are highly aligned on enabling sales growth and market expansion through superior customer experiences. We are very excited to bring Solectria into the Yaskawa family to provide world leading inverter solutions.”

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ES Gallery: Snapshots & Systems

Check out highlights from projects featured in our magazine this year!

Engineered Systems Magazine

ES October 2014 cover

2014 October

Check out the October 2014 issue of Engineered Systems, with features on economizers, pump operations, and much more!

Table Of Contents Subscribe

System Design

Based on your experience and knowledge level, are you currently comfortable designing or maintaining a system incorporating VRF or radiant ceiling panels?
View Results Poll Archive

THE ENGINEERED SYSTEMS STORE

The_Green_Energy_Management
The Green Energy Management Book

Learn from our experts how to evaluate job opportunities, market your services, sell a Walk-through Survey, target areas for an Energy Audit, calculate energy savings, do retrofit work, and win continuing contracts for retrofit work.

More Products

Clear Seas Research

Clear Seas Research ImageWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Tomorrow's Environment Podcast

This series from longtime columnist and chronic forward-thinker Howard McKew covers a lot of ground -- from retrocommissioning to systems training, on toward checklists for drawings and tips for meeting minutes. Click HERE to be taken to the podcast page!

STAY CONNECTED

new Facebook icon Twitter icon YouTube iconLinkedIn icon  Google+