× Main Page Fashion Lifestyle Sport Home Travel Real Estate Business

BUSINESS - COMPANY NEWS

Sungrow Prepares for Major Growth in Emerging APAC Solar Markets

Sunday, April 1, 2018

Sungrow supplied to a 1.5MW PV plant in Gongju-si, Chungcheongnam-do, South Korea

BUSINESS - COMPANY NEWS

Source : Sungrow

Facebook Share Twitter Tweet Google Plus Share

Sungrow, the global leading inverter solution supplier for renewables, is expanding its presence in emerging APAC solar markets, in particular South Korea and Vietnam. The Company will have a brand presence at Green Energy Expo Korea and the Solar Show Vietnam in early April.

Backed by the "Renewable Energy 2030" Plan, PV installation in South Korea is expected to grow into a 37 GW market by 2030. Sungrow South Korea is now providing complete solutions comprising of central inverters, string inverters, power control systems (PCS) for energy storage system (ESS), and ONE-STOP solution for floating PV power plants, addressing a wide range of demands from the market. Major products include the SG1000 containerized turnkey station and SG50KTL-M string inverter which were widely deployed worldwide, the SC500 energy storage inverter designed for the ESS market in South Korea, and a floating system for PV power stations.

Vietnam is another country in the APAC region embracing solar energy adoption. Sungrow's product showcased, apart from the 1500V product series, i.e. the 2.5MW medium voltage turnkey station SG2500HV-MV and the world's most powerful string inverter SG125HV, is its floating solution for PV plants.

As a result of strong performance in established markets like China, India, Japan, Europe, and the US, Sungrow witnessed rapid growth in 2017, shipping 16.5GW of PV inverters. According to a recent report by PV Tech, Sungrow held the largest market share in India in Q4 2017, reaching up to 27%. Meanwhile, these markets also see growing demands for ESS and floating PV power plant solutions. "We are determined to explore new PV markets while consolidating our leading role in the established ones. Meanwhile, we will continue to strengthen our R&D capability to meet diversified needs from our global clients," said Prof. Renxian Cao, President of Sungrow.





LATEST POSTS
The BMW Motorrad Concept 9cento combines emotion and performance with an adventurous spirit, agility and riding fun to create the ideal sports touring bike.
Jinmao Hotel Lijiang joins new hotel brand in China: Renewal of long term management agreement for Grand Hyatt Shanghai hotel strengthens collaboration with the Jinmao Group
Throughout the week, several events were held in the home hosted by Victoria's Secret Angels where VIPs, influencers, stylists and more were able to check out the latest collections.
Amazon.com today announced plans to open its first fulfillment center in Oklahoma, creating more than 1,500 full-time jobs by the end of 2019. The more than 600,000-square-foot, state-of-the-art facility will be located in Oklahoma City.