![\"FIMER](\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/fimer-abb-inverter-1024x538.jpg\")
<\/p>\n<\/p>\n
Major solar inverter manufacturer ABB announced yesterday it had signed an agreement with Italian firm FIMER that will see FIMER acquiring ABB’s PV inverter business.<\/p>\n
ABB acquired its solar inverter business from Power-One back in 2013, so it hasn’t had the line in its stable for very long. But it’s a cutthroat business with shrinking margins and ABB has a target margin corridor of 15-19 percent.<\/p>\n
ABB says the transaction will enable the company to focus its business portfolio on other growth markets.<\/p>\n
“The divestment is in line with our strategy of ongoing systematic portfolio management to strengthen competitiveness, focus on quality of revenue and higher growth segments,” said<\/a> Tarak Mehta, President of ABB’s Electrification business. ” Solar is a well-established and key focus for FIMER and as such we believe them to be a very good owner for ABB\u2019s solar inverter business.”<\/p><\/blockquote>\n
ABB states it isn’t totally turning its back on solar power – the firm will continue to integrate solar into its smart buildings, energy storage and electric vehicle charging solutions.<\/p>\n
Who Is FIMER?<\/h2>\n
If you haven’t heard of FIMER<\/a> before, you wouldn’t be alone. If its intention has been to fly under the radar, then the firm has been pretty successful.<\/p>\n
Headquartered in Vimercate, Italy, the company was founded in 1942 and started tinkering with inverter technology in 1983.<\/p>\n
FIMER claims it is the world`s eighth largest inverter manufacturer, with its main focus in this area to date being inverters for solar farms. For example, the company provided 600 of its central inverters for Enel Green Energy’s 754 MW Villanueva solar project<\/a> in Mexico.<\/p>\n
While FIMER has been producing central inverters for years, it only entered the string inverter business in 2018<\/a> – and these are big string inverters designed for large-scale solar projects up to 30MW capacity. The company also produces electric vehicle charging systems and welding solutions.<\/p>\n
“We will continue the excellent job carried out by ABB in recent years, combining precious resources, knowledge and expertise in Italy and worldwide,” said FIMER CEO Filippo Carzaniga.<\/p><\/blockquote>\n
What About Existing ABB PV Inverter Warranties?<\/h2>\n
ABB<\/a> has been a popular inverter brand in Australia for small-scale, commercial and large-scale solar energy installations. It’s (currently) listed on SolarQuotes’ trusted solar brands chart<\/a>.<\/p>\n
ABB says FIMER will honor all existing warranties and ABB will be compensating FIMER for taking over its liabilities.<\/p>\n
Completion of the acquisition by FIMER is expected in the first quarter of 2020, assuming customary and other conditions are met.<\/p>\n","protected":false},"excerpt":{"rendered":"
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The inverter, EV charger and energy storage firm says the acquisition by MA Solar Italy Limited marks an \"important turning point\" for the company; enabling it to bring\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"FIMER acquisition","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/12\/fimer-inverter-acquisition.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/12\/fimer-inverter-acquisition.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/12\/fimer-inverter-acquisition.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/12\/fimer-inverter-acquisition.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/12\/fimer-inverter-acquisition.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":54555,"url":"https:\/\/www.solarquotes.com.au\/blog\/fimer-inverter-battery-mb2181\/","url_meta":{"origin":31881,"position":2},"title":"New FIMER Solar Inverters And Battery For Australia","author":"Michael Bloch","date":"October 5, 2021","format":false,"excerpt":"Inverter and energy storage manufacturer FIMER has provided a glimpse of new solar products heading to Australia next year. If you haven't heard of FIMER, the company has been around for a long time and has produced inverters for large commercial and utility scale applications for decades. More recently, FIMER\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"FIMER PowerUNO, PowerTrio inverters and PowerX battery","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/fimer-inverter-battery.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/fimer-inverter-battery.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/fimer-inverter-battery.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/fimer-inverter-battery.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/10\/fimer-inverter-battery.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":14689,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-inverters-abb-india-mb0189\/","url_meta":{"origin":31881,"position":3},"title":"Major Solar Inverter Milestone For ABB In India","author":"Michael Bloch","date":"September 1, 2017","format":false,"excerpt":"After passing a 5GW supply milestone, ABB says its inverter products are present in around 40% of installed solar projects in India. With India expected to become the third largest solar market in the world in 2017 and accounting for 5 percent of global solar capacity, ABB is understandably excited\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"ABB inverters in India","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/abb-solar-india.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/abb-solar-india.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/abb-solar-india.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/abb-solar-india.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":6262,"url":"https:\/\/www.solarquotes.com.au\/blog\/sungrow-abb-alliance\/","url_meta":{"origin":31881,"position":4},"title":"ABB and Sungrow Join Forces To Make Big-Ass Inverters","author":"Ronald Brakels","date":"July 7, 2016","format":false,"excerpt":"Sungrow, China's largest manufacturer of inverters, and ABB, a Swiss based company that is one of the largest engineering conglomerates in the world, have joined forces to create a strategic alliance which is expected to benefit both companies far more than a non-strategic alliance would. On the 2nd of June\u00a0they\u2026","rel":"","context":"With 4 comments","block_context":{"text":"With 4 comments","link":"https:\/\/www.solarquotes.com.au\/blog\/sungrow-abb-alliance\/#comments"},"img":{"alt_text":"sungrow and abb logo","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/06\/abb-sungrow.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/06\/abb-sungrow.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/06\/abb-sungrow.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":30172,"url":"https:\/\/www.solarquotes.com.au\/blog\/abb-carbon-neutral-factory-mb1048\/","url_meta":{"origin":31881,"position":5},"title":"ABB Unveils “CO2 Neutral” Factory","author":"Michael Bloch","date":"May 9, 2019","format":false,"excerpt":"Solar inverter manufacturer ABB (and producer of many other things) has officially unveiled a new factory in L\u00fcdenscheid, Germany featuring solar power and battery storage. ABB says the 3,500 square-metre solar power system situated over the car park will generate around 1,100MWh of electricity a year. The capacity isn't noted,\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"ABB carbon neutral factory - solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/abb-factory-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/abb-factory-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/abb-factory-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/abb-factory-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/abb-factory-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/31881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=31881"}],"version-history":[{"count":5,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/31881\/revisions"}],"predecessor-version":[{"id":88671,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/31881\/revisions\/88671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/31882"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=31881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=31881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=31881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}