India’s rooftop solar growth story is gathering great momentum in 2019. As per the recent government statistics, rooftop solar power installations in India saw an addition of a record 1,836 megawatt (MW). The total rooftop solar power installed capacity now stands at approximately 4,500 MW an 80% growth annually.
Powering this massive growth is the rapidly evolving solar inverter technology. The solar inverters, also known as the brain of solar projects, are now more powerful, robust, intelligent and reliable than ever before.
Leading India’s rooftop solar inverter technology race is Ginlong Solis which has made massive inroads in the India rooftop solar market and significantly grown its market share, driven by its cutting-edge inverter technology and an aggressive growth strategy.
Recently two mega solar rooftop projects were commissioned, powered by Ginlong Solis inverters. The first project was 1.724 MW rooftop solar installation and located at Celebi Delhi Cargo Terminal, Delhi International Airport, which was executed by SunSource Energy with 22 pcs Solis-60k-4G inverters. This project started the construction on 18 Feb 2019 and was commissioned on 4 May 2019, showing a strong commitment of all stakeholders towards a quick delivery and construction of the project.
The second rooftop solar project’s capacity is 1.04 MW located at Chittaranjan Locomotive Works (Indian Railways), West Bengal-71331 and uses a variety of solar inverters of 20kW, 30kW and 50kW series by Ginlong Solis and was commissioned on 19 Feb 2019.
Also, as visible by the two projects above, it is interesting to see that the average size of the rooftop solar project capacity has been increasing, driven by greater demand of rooftop solar in the commercial & industrial sectors.
Ginlong Solis inverters are now preferred for rooftop solar projects in India due a number of distinguished advantages. The new-age inverters are increasingly focussed on stability, safety, data management and reliability of the grid interconnection for the solar projects which have become increasingly complex in its applications.
Now with a greater push in for rooftop solar installations in India, there is an increased demand of highly advanced inverter technology offerings for a variety of applications such as residential, C&I, solar+storage & EV Charging infrastructure applications. Ginlong Solis offers an extremely strong product portfolio in India today across these markets.
Ginlong Solis inverters offer many distinguished advantages: latest technology platform with 99.1%, max efficiency and 1.5 DC/AC Ratio, 100% components from world’s Leading Brands and THDi < 3% and so on…Ginlong Solis inverters also use the ultra- low temperature rise technology offers reliable operation with sufficient power even at higher temperatures. These unique features have made Ginling Solis inverters the prefered choice of rooftop solar developers & installers in India.
Recently Ginlong (Solis) Technologies, was listed as a public company on the Shenzhen Stock Exchange at a valuation of 4 billion Yuan (~$590 million). The company had floated 20 million shares at 26.64 yuan (~$3.96) and raised 533 million yuan (~$ 79.27 million). With this, the company is now ready for launching new intelligent products in the string inverter and energy storage segments.
India is seeing a major push for new rooftop solar capacity additions across commercial, industrial, public sector, and residential projects. As per a recent report by IEEFA, rooftop solar installation will grow at a CAGR of 50 per cent for the next three years. India is expected to achieve a cumulative 13 GW of installed rooftop solar capacity by FY22. With an installed capacity of almost 2,200 MW, the industrial segment is the biggest contributor to the solar rooftop power portfolio.