# Fronius invests €230 million in new production lines for solar inverters

Fronius announced an investment of over €230 million to create new production lines for solar inverters, aiming for 65% growth in manufacturing capacity to 54,000 devices per month by end of 2023. The expansion is expected to generate 1,300 new jobs globally.

- Type: Investment
- Announced: 2023-02-06
- Where: Sattledt, Austria, Austria
- Value: $246.1M (230.0M EUR)
- Jobs: 1,300
- Starts operating: 2023
- Status: announced
- Capacity: 54,000 inverters per month
- Products: solar inverters
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Fronius](https://endata.com/companies/68380.md)

## Sources

- [canalsolar.com.br](https://canalsolar.com.br/en/fronius-invests-230-million-in-the-creation-of-new-production-lines/), 2023-02-06: "The company intends to arrive by the end of this year with 65% growth in inverter manufacturing, which must exceed 32 thousand to 54 thousand devices per month."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.