Sungrow Inks 55.5MW Solar Inverter Supply Deal

Sungrow solar inverter
Sungrow has announced it is supplying a further 55.5MW of solar inverters to be used in a number of projects in Thailand being developed by Thai electricity distributor Superblock PCL. The new agreement follows a previous contract for 75MW, taking Sungrow’s shipments to Thailand to 130.5 MW capacity in 2015. The latest deal includes 60 central inverters, 604 PV combiner boxes and 60 data monitoring loggers. “Sungrow has won our trust and confidence through 18 years of significant performance in the global market aligned with their professional solutions, high-efficiency product, quick-response and considerate service,” said Jormsup Lochaya, CEO of Superblock, “We are very happy to be able to extend this partnership to projects in Thailand where Sungrow greatly supports us with their solutions and service capability.” With more than 12GW of inverters installed globally, Sungrow is the largest PV inverter manufacturer in the Asia-Pacific region and the second largest inverter manufacturer in the world Sungrow solar inverters have enjoyed popularity in Australia; where they are predominantly used in residential solar power systems. Sungrow inverters offer advanced features at a lower pricing point compared to major competitors. Superblock has set a target of  500MW of operational solar capacity this year. The utility aims to hit 1GW in 2016 and up to 2GW over the next three years. Last week, the company  announced it will acquire five solar companies in a transaction valued at 14 billion baht (AUD$545 million). The target companies have a combined solar capacity of 290MW. According to the Nikkei Asian Review, Thailand is becoming the center of mega-solar plants in South-East Asia. Thailand has one of the highest electrification rates in Southeast Asia; with almost all its population having mains grid access. The nation has become increasingly dependent on gas-fired powered generation and in total, 80% of the nation’s energy production is based on fossil fuels. Thailand has set a renewable energy target of 20,000MW by 2036; with 6,000MW of that total to be solar power. The Thai government plans to double net electric generation capacity overall to more than 70 GW by 2030.

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