German Solar Inverter Maker To Open Plant In Denver, Employ 300 Locals

October 26, 2009 7:11 p.m. EST

Denver, CO (AHN) - A German firm considered as the world's largest maker of solar inverters will put up its first plant in North America in Denver, Colorado and employ 300 locals.

SMA Solar Technology AG will also hire 400 temporary workers for its new facility in the Enterprise Park at Havana Street and Smith Road in the north Stapleton area when demand for solar inverters rises, the company's Monday announcement said.

SMA chief financial officer Pierre-Pascal Uborn said the U.S. is a huge market for solar inverters, which convert solar energy into electricity.

Colorado Gov. Bill Ritter said in a press conference he sees the plant as helping Colorado escape the recession sooner.

Denver beat 20 other U.S. cities that SMA considered as site for its North American plant by offering an educated workforce, proximity to I-70, lower operating cost and focus of renewable energy research.

The plant is scheduled to start operation by mid-2010.