SMA generated over one billion euros in sales and doubled its operating result in 2020 despite the coronavirus crisis – as the Managing Board forecast at the start of the crisis. We put three questions about this to Chief Executive Officer Jürgen Reinert.
Following an all-night marathon meeting, the heads of state and government of the European Union agreed early on Friday morning to cut the greenhouse gas emissions in EU countries by at least 55 percent by 2030, against to 1990. This is a step forward, but not a breakthrough in order to avoid climate collapse.
In 2019, there were 358 wars and conflicts worldwide. Often involved are countries from which we obtain oil, gas and coal. In addition to the fight against climate change, this is another important reason to make the world less dependent on fossil fuels as quickly as possible.
After a long break, people around the world will again take to the streets at Fridays for Future protests for more climate protection tomorrow. This is very much a good thing. Despite the coronavirus pandemic, the climate crisis must not be allowed to slip out of view for politics, business and society. On the contrary: the coronavirus crisis has shown what is possible when all players pull together. We must now use this momentum to stop climate change.
The Coronavirus poses a big challenge for people and the economy around the world. It’s on each and every one of us now to observe the necessary precautions and in particular to keep our distance from each other. At the same time, however, we should all stand together in order to minimize the impact of the virus and contain its spread.
Last year, SMA sold more than 10 gigawatts of inverter output for the first time ever and significantly improved sales and earnings. The figures show that the measures implemented to reduce costs and to increase sales after a difficult 2018 were successful. We will continue to follow this path in 2020.
The 25th World Climate Change Conference in Madrid ended without significant results. A great disappointment and a setback for climate protection. Nevertheless, we must not be discouraged now and must work together at all levels and across all borders.
Today, millions of people around the world are once again taking to the streets to call on international politicians to finally implement effective measures for greater climate protection. This sends an important message to the UN Climate Change Conference COP25 that begins in Madrid on Monday.
Less than USD 25 per megawatt-hour of solar power — these kinds of prices are not uncommon any more in sunny regions. Thanks to its continuously falling costs, photovoltaics is on the right track to becoming the world’s most cost-effective source of energy. It thus totally makes environmental and financial sense to build new PV systems rather than continue to rely on conventional power plants.