New Delhi, India, Feb. 25, 2021 -- Sungrow, the global leading inverter solution supplier for renewables, displayed its long term commitment for India market by announcing the expansion of local manufacturing capacity to 10 GW per annum, making it the largest manufacturing base in Indian solar sector, so far.
Attended a webinar addressed by Hon’ble Prime Minister Shri Narendra Modi
In mid-February, Sungrow, as one of the only two PV inverter companies invited to be a panelist, attended a consultative webinar with experts and industry stakeholders from the renewable and power sector where Hon’ble Prime Minister Shri Narendra Modi addressed in the inaugural session.
A Big Leap in Manufacturing
Sungrow has been a strong player in the Indian solar market for more than seven years since its entry to the market. The Company has been at the forefront to deliver its latest innovative solutions to the ever-growing customer and project requirements. Recently, Sungrow also crossed 8 GW of PV inverter shipment to India, and thereby almost doubling its shipment to the country in a span of only one year.
Sensing the outlook, it was one of early movers to bring its state-of-the-art manufacturing capabilities into India. Since then, it has been remarkable success story from India factory in line with “Make in India” mission. Taking this step further, Sungrow decided to expand its India factory by more than 3 times and achieve an annual production of 10 GW by 2021. The India factory will have a total area of 1,90,000 sqft and it will create an opportunity for direct and indirect employment for more than 300 people in India. As India is poised to be one of the critical base in the global supply chain with its recent announcement of PLI scheme for various manufacturing industries, Sungrow has embarked upon this bigger mission and would soon be part of an Aatmanirbhar Bharat success story.
Build Local for Global
Enthused by the success of its local manufacturing unit in last three years, Sungrow was convinced to expand it further. So far, it has produced more than 10,000 PV inverters (a combination of more than 30 different models in both Central and String category) from India factory to cater to the local and global demand.
“India factory will be one of the cornerstones in Sungrow’s global strategy to provide the technologically advanced solutions in PV Inverter and ESS to a wide spectrum of customers in coming times. Our consistent efforts have been to produce competitive solutions locally and ship globally,” said Mr. Sunil Badesra, Director, India.
New Product Launch for Residential Market
Sungrow’s comprehensive solution of products, technical support and service has given it a remarkable market share in India in Utility and C&I market. Buoyed by the success of its residential products in other key regions such as Australia and Europe, it also launched the latest RT series for Indian residential market.
The new residential 3 phase inverters come in various capacities from 5kW to 20kW. These are featured with cutting edge technologies such as Smart IV Scan and Real-time monitoring for quick fault location and troubleshooting, a wide MPPT voltage range (160V-1000V) translating to higher system yield and a fully compliant built-in DC Switch enabling easier installation and huge cost-savings.
Stay Ahead of the Curve
India has undoubtedly remained one of the largest solar markets in the world in the last decade. Also, as per latest RECAI 2020 report by Ernst & Young (EY), India is most attractive destination in the PV industry with a top score of 62.7. Also as a hot bed for global investment appetite, it has seen one of the lowest solar tariffs driving competitiveness to a different level.
Over the years, Sungrow has been pioneering technological innovations to meet the intense customer demand and rapidly changing market dynamics with falling solar tariffs, installations in extreme climate and terrains.
“The India factory will not only be a technological and manufacturing hub, it will also be an important place for skill building, training and job creation for local youths,” said Mr. Badesra in the aforesaid webinar. Sungrow’s resolution will create another landmark in Indian solar sector by accelerating the pace of decarbonization in this decade.
About Sungrow
Sungrow Power Supply Co., Ltd ("Sungrow") is the world's most bankable inverter brand with over 154 GW installed worldwide as of December 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 150 countries. Learn more about Sungrow by visiting www.sungrowpower.com.