30 years of Solarwatt: sales target of € 1 billion for 2025
Post date: 20/02/2023 - 13:37
Dresden, Germany-based Solarwatt GmbH is celebrating its 30th anniversary, making it one of the world’s oldest manufacturers of solar modules. The company, restructured from scratch after a severe crisis and insolvency proceedings in self-administration initiated in 2012, and today also a supplier of battery storage systems, charging systems for electric cars and other components for sector coupling, used the occasion of its anniversary to announce a revenue target of € 1 billion ($ 1.07 billion) for 2025. That would be a threefold increase over 2022, for which Solarwatt cites sales of € 330 million, about 40 percent of which from other European countries. In 2010, before the start of the crisis in the German and global solar industry, Solarwatt had sales of € 325 million.
The company was founded in 1993 by Frank Schneider and Lothar Schlegel and, like other PV companies of the time, was concerned among other things with developing its own production equipment. Solarwatt introduced a stringer developed in-house for interconnecting the cells in solar modules. Series production of modules in Dresden began in 2000. Solarwatt had already developed its first glass-glass solar module in 1998, and today the company relies exclusively on this design, which is now widely used throughout the industry. In 2013, Solarwatt launched the »Energy Manager«, an energy management system for the use of solar power, and in 2015 the modular battery storage system »MyReserve«. Today, around 800 people work for Solarwatt in Dresden as well as at other locations in Germany, France, the UK, the Netherlands, Italy and Spain.