New Delhi, India: Sungrow, the global leading inverter solution supplier for renewables, declared that its cumulative shipments to India raced past 7 GW by the end of 2020, thrusting its remarkable presence in India’s growing decarbonized energy space.
Accelerated growth during a tough year
During this year, Indian market saw a series of tenders and reverse auctions at regular intervals which kept the solar project pipeline robust for upcoming years. Riding on the wave of its latest offerings in both central and string inverters for large-scale utility projects, Sungrow secured some big and noteworthy orders in this highly competitive market.
“Notwithstanding many challenges this year, we were able to ship more than 3 GW of inverters in one calendar year. With this resounding number, we have consolidated our position in both utility and rooftop markets in 2020,” said Sunil Badesra, Business Head, Sungrow India. Sunil also emphasized that Sungrow’s wide service network spread across the country to provide timely and comprehensive support to all customers.
Made in India for the surging demand
Featured products that Sungrow supplied include the 1500V, 3.125 MW central inverter solution and the 1500V string inverter, SG250HX-IN. The latest commercial series also saw huge demand in the thriving distributed rooftop market translating to a healthy market share in this price-sensitive segment.
Witnessing a whooping increase of installed PV capacity in India, Sungrow established local production center in 2018 in Bengaluru which has been one of the key contributors to the success by offering “Made in India” PV inverters for the local market with shortened lead time. “Since the beginning, we have produced more than 5 GW of PV inverters to cater to both global and local markets, and we see a mounting growth,” commented Sunil Badesra.
Continuous thrust on innovative solutions to meet local demand
Sungrow’s relentless efforts in research and development have helped to stretch the limit of innovation in the PV industry and set the benchmark which has subsequently become the industry norm. After a slump in 2020 due to the pandemic, Indian solar industry is poised to accelerate the capacity addition in the next two years, and the tariffs have plummeted to a record low of INR 1.99/kWh. The projects are likely to adopt resilient solutions in tough terrains near desert or seacoast to achieve such competitive LCOE. Sungrow’s innovative solutions bolstered with cutting-edge technology, optimized designs, can deliver on such stiff requirements while meeting stringent grid regulations.
Sungrow has increasing presence in BESS space with a proven track record of system integration capabilities which is critical for safe operation of the system and is poised to meet the upcoming hybrid and storage project demands in India.
The Company embraces the ethos of sustainability at its core and as a leading technology solution provider in the clean power space, it ensures the co-creation of significant value for the stakeholders through best practices in the industry.
About Sungrow
Sungrow Power Supply Co., Ltd (“Sungrow”) is the world’s most bankable inverter brand with over 120 GW installed worldwide as of June 2020. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters, with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial, and residential applications, as well as internationally recognized floating PV plant solutions. With a strong 24-year track record in the PV space, Sungrow products power installations in over 120 countries, maintaining a worldwide market share of over 15%. Learn more about Sungrow by visiting www.sungrowpower.com.
