Inverter and energy storage system supplier Sungrow announced that it has surpassed 14GW inverter shipments in the Indian market.
It has taken Sungrow less than one year to achieve this milestone as the 10GW record was only made in November 2021.
The development of India’s renewable energy industry is stunning. The policy supports, combined with the vibrate private investing market as well as technological progress make India remain the leader within the global renewable industry.
As of May 2022, the total renewable energy capacity in India stood at 159.95 GW, reporting an increase of about 109.4% compared to 2014, the year when Sungrow entered India.
Over the past eight years, Sungrow has shipped over 14GW of inverters to India, which were applied in many projects including the 400MW PV plant in the Bhadla Solar Park, Rajasthan, the 250MW Ayana Plant in Andhra Pradesh, India’s largest floating PV plant of 70MW in Kayamkulam etc.
In addition, Sungrow also broke several records in terms of shipments over the past few years. It was ranked as the Top 1 inverter supplier in 2021 by JMK Research and Mercom, with over 30% market share. In the first two quarters of 2022, Sungrow continued to be the Top 1 inverter supplier, according to the calculations of Bridge to India and JMK Research respectively.
All these milestones are also constructed on Sungrow’s keen, localized teamwork, comprehensive services and proactive expansion strategies, in which building a 10GW-capacity local factory is one of the greatest.
The factory was founded in 2017 and was just expanded to 10GW capacity in March 2022. It is the only company in India which can manufacture all types of inverter equipment and it also creates enormous opportunities for investment attraction and employment.
This step gets the appreciation and recognition of Mr Bhagwanth Khuba, the Minister of State for New and Renewable Energy, Govt. of India.
The renewable energy industry is gaining momentum for even more rapid development as the Indian government ambitiously targets to realize 175GW renewable energy installations by 2022 and set an even higher goal of 500 GW by 2030.
Sungrow is poised to provide state-of-the-art solutions such as the well-received 1+X modular inverter, SG320HX for large-scale projects, SG125CX-P2 and SG33CX-P2 for the emerging C&I segment, and the innovative liquid-cooled ESS ST2752UX (PowerTitan) to serve the upcoming demand for energy storage.
The comprehensive product portfolio has just been exhibited during the REI 2022, gaining massive attention from the industry. In the future, Sungrow looks forward to creating more records, setting the benchmark in the RE industry and helping quicken this country’s pace of energy transition for its Net-Zero Goal by 2070.