Sungrow, a global inverter manufacturer and supplier, is going to strengthen its global delivery capability by establishing a new factory in Karnataka’s capital city of Bengaluru.
The new manufacturing facility will have an annual production capacity of 3 GW of central and string inverters.
This new facility, when complete, will support Sungrow’s rapidly growing customer base in regions across the world. In 2017, Sungrow shipped over 16.5 GW of PV inverters worldwide, an increase of over 48 percent from 2016. Demands from India, the US, Europe, Japan, and other Asia-Pacific countries drove much of the growth.
According to Mercom’s India Solar Inverter Shipments Tracker, Sungrow has shipped over 2 GW of solar inverters to India as of December 2017.
“The addition of a new factory in India will significantly enhance our delivery capability locally and elsewhere in the world,” said Professor Renxian Cao, the chairman of Sungrow, in a media statement.
With most of its production facilities based in China, the new factory to be launched in the second half of 2018 will be Sungrow’s first factory outside of the country.
As India is gearing up to meet its renewable energy goals, the demand for inverters is rapidly increasing. The rapid surge in demand has, of late, pushed both domestic and international players to invest in developing manufacturing units in the country to cut down on their costs and maximize on profits.
In April 2017, SolarEdge, a leader in PV inverters, power optimizers, and module-level monitoring services, opened its India office in Bangalore, and created a new entity, called SolarEdge Technologies (India) Private Limited, in India.
Image credit: Sungrow
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.