Sungrow, a global inverter supplier for renewable projects, announced that the company had signed a 650 MW strategic agreement with Avaada Energy to supply 1,500 V inverter solutions for its upcoming solar PV projects in 2020.
Avaada Energy, an independent power producer in India, has commissioned over 2 GW of renewable assets and is targeting to expand to 11 GW by 2025, said the statement released by Sungrow. Sungrow has over 10 GW of 1500V inverter solutions installed across the globe.
As per the company statement, Sungrow will provide a 1,500V 3.125 MW central inverter solutions for the upcoming solar PV projects under this agreement.
The solution developed for large-scale projects features a high DC/AC ratio of over 1.4 and the flexible 6.25 MW or 12.5 MW block design, which can minimize the system cost and be widely utilized in India.
A senior executive of Sungrow told Mercom that due to the confidentiality requirement from the customer, not many details about the agreement could be divulged at the moment.
Solar inverter manufacturers have not had the easiest of times in the Indian market lately, given an uncertain policy environment and rising competition from foreign players. The ambiguity of the BIS certification process has left the industry in a difficult spot as the “on the ground” realities are starkly different from what has been envisioned in government policies. In an exclusive interview with Mercom, Sunil Badesra, Business head at Sungrow (India) Private Limited, discussed the market trends and challenges faced on various fronts.
According to Mercom’s India Solar Market Leaderboard 1H 2019 report, TMEIC emerged as the top supplier of solar inverters to the Indian market with a market share of approximately 20% while Sungrow came in second with a market share of about 16%.
Image credit: Sungrow
Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.