The Chinese solar PV inverter manufacturer expects to touch 3.5-3.6 GW of sales by March 2019 in the country. Expanding its lineup, it plans to launch inverters for residential sector too in the second half of the current year.
On the occasion to mark this feat, Yukun Hu, director, Sungrow India said that “the company aims to make India an export hub for its international business,” catering primarily to the US and the Middle East market.
Sharing further plans for the Indian market, Sunil Badesra, head-business, Sungrow India told: “By March 2019, we will touch PV inverter sales to the tune of 3.5-3.6 GW in India. Going further, we have even bigger plans for the country, and we aim to ship 5 GW by March 2020—which means addition of 2 GW in two years.”
Currently, India contributes around 8-9 per cent of Sungrow’s global inverter sales. Of the 17 GW of Sungrow inverters sold globally last year, 1.5 GW were supplied in India.
Expanding its lineup in India, “Sungrow plans to launch inverters for residential sector too by the second half of the current year,” added Badesra. Right now, the company offers inverters starting from 10 KW and above in India.
Earlier, speaking on the occasion, Jatindra Nath Swain, Solar Energy Corporation of India (SECI) managing director expressed confidence that India is well on its way to achieve the 100 GW solar by 2022 target.
Congratulating the company on its achievement, Ashvini Kumar, Senior Director, Renewable Energy Technology Applications, The Energy and Resources Institute (TERI), and former SECI MD emphasized on the need to focus on the distributed sector too as there is now a good market for smaller projects.
India is endowed with huge solar potential (about 5000 trillion kWh/year), which is estimated to account for 9% of future worldwide renewable capacity. As India becomes a core target in the PV market, last year Sungrow established its first non-domestic fab in India to provide customers with timely, high-quality, and localized services. With this, Sungrow aims to lead the way of integrated solar solutions in India.
The 3 GW central and string inverter factory in Bengaluru, Karnataka caters to local as well as international demand.