Sungrow, World’s Most Bankable Inverter Brand

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    Sungrow is the world’s most bankable inverter brand with over 100 GW installed worldwide as of December 2019. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters, with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial & industrial, and residential applications, as well as internationally recognized floating PV plant solutions. With a strong 23-year track record in the PV space, Sungrow products power installations in over 60 countries, maintaining a worldwide market share of over 15%.

    Company History:

    1997 Founded by University Professor Cao Renxian

    2006 Expanded to the global market with products installed internationally 

    2011 Listed on Shenzhen Stock Exchange 

    2015 Secured #1 Position of Global Market Share 

    2018 Opened the Company’s first factory outside China in India 

    2019 Became the First Inverter Company to Hit 100GW

    Vision Statement:

    Sungrow vision: To be the global leader of clean energy conversion technology

    Mission Statement:

    Sungrow mission: Clean power for all. 

    Sungrow takes “Sincere & Pragmatic”, “Precise & Open”, “Customer Oriented” as the core values.

    Business Goals & Objectives:

    In the future, Sungrow will shoulder its mission “Clean power for all”,accelerate the development of innovation in the field of clean power conversion technology, constantly keep close to customer demands, actively participate in global competition, and strive to build itself into a respected world-class company.

    Business Strategy:

    The corporate revenue for Sungrow in 2019 is about 13.5 billion CNY ( 1.934 billion USD, currency exchange rate 6.98), showing 30% of YoY growth rate.

    Company’s Products & Services:

    Sungrow can supply both central and string inverter solutions covering utility-scale, commercial & industrial, residential applications.

    We are uniquely positioned with our highest rated central inverter (5MW) and most powerful string inverter (250kW) at 1500Vdc to provide the desired solutions as per customer’s requirement and project need. Our wide product portfolio can cater to any project requirement for an optimized solution.

    Sungrow has over 20 subsidiaries and more than 50 service outlets worldwide. For India, four offices located across the country ensure highest level of responsiveness.

    Sungrow set up the India manufacturing unit of 3GW annual production capacity in 2018, to accelerate the global delivery capability. In 2019, Sungrow established a new inverter factory which enables in company’s total production capacity up to 50MW per year.

    Business Competitiveness:

    As per BloombergNEF report, Sungrow is the 100% bankable inverter brand and no 1. supplier in project financed projects. Inverter being heart of a project, the lenders, investors, have a lot more confidence on Sungrow to reduce the project risk, while ensuring long term steady return from the projects. Sungrow has the vision to be “A Global leader of clean power conversion technology”. This vision drives us every day with a very focused approach, to bring the most advanced technological solutions for our customers as the industry leader.

    Quality Policy Of The Company:

    Sungrow has all the relevant ISO and other certificates related quality, health, safety and environment. Sungrow products comply with all world class standards such as IEC, UL, CSA, VDE, EN, etc. Being technologically innovative company and a global brand, we adhere and comply to any country specific standards diligently. As Government of India has issued BIS standards and issued the extension till Jun, 2020, we are in the process to meet the necessary requirements.

    Team & Management:

     As mentioned above, Sungrow has over 20 subsidiaries and more than 50 service outlets worldwide. For India, there are three offices, dedicated FTWZ and wide spread service network across the country to ensure highest level of responsiveness.

    Research is a foremost consideration for a company with close relations with professional institute and universities and about 40% of Sungrow’s over 3,000 personnel work in R&D, which is considered as the largest R&D team in the industry.

    Customers & Projects:

    Sungrow is the first in the industry to cross 100GW installations across the globe with products and solutions increasingly experiencing higher demands by customers worldwide. We’d like to list some projects with Sungrow installations:

    · The 400MW PV project in Bhadla, Rajasthan, India. The central inverter solutions applied on-site are resilient to scorching heat and harsh conditions;

    · The 250MW PV plant in Ninh Thuan province, Vietnam; 

    2GW PV plant in Ningxia, China, which is the largest PV plant in the world.

    · The 500MW PV project in Golmud, Qinghai Province, China, is the first grid-parity project in China.

    · The 205MW PV project in the United States is an application with central inverter and tracking system. The DC/AC ratio is up to 1.42.

    · The 18MW PV power station in Dubai. It uses the string inverter in high temperature area with ambient temperature of 50 degrees Celsius.

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