RAACH SOLAR registers record growth of +40% in turnover during COVID19 pandemic​

Erolzheim, Germany

RAACH SOLAR defies the COVID19 pandemic by increasing its turnover by more than 40% compared to the previous year. The international PV market development in 2020 has slowed down but remained stable in 2020. Some national markets have shown stong developments such as Germany. According to the latest figures, the German photovoltaic market has reached a volume of 4.9GWp in 2020, up from 3.8GWp in 2019.

„We participate in the growth of the German PV market, but our international footprint remains strong. More than 80% of our sales we make outside the European Union“ says Jürgen Raach, general manager of RAACH SOLAR and adds „photovoltaic power currently sees its renaissance for the coming years driven by a strong demand for very economic and clean electricity to supply our houses, industries and electric cars“.