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SOFAR SOLAR was established in 2012, and is one of the subsidiaries of SOFAR Group in China and specializes in R&D,production, sales and service of grid-tied inverters ranging from 1kW to 7.5kW (residential),10kW to 70kW (commercial) and other related renewable products.
SOFAR SOLAR already provides units to more than 30 countries worldwide and has established itself as a leader in PV technology, with experienced technical staff always looking to improve their inverters. With more than 5 GW of units installed and six subsidiaries (Australia, Wuxi, Beijing, India, Shenzhen and Henan), the company has forged an excellent reputation in the PV industry. It is also known to be No. 1 in OEMs. With the best support from their business partners they have Supplied more than 250MW+ systems last year for the Indian markets. It is difficult to do business in the current year due to the Coronavirus epidemic and hope we can cover up the loss in Q3 and Q4.
It was in 2016 that companies in India began to contact the company and enquire about their product offering for use in India. In response to these enquiries, SOFAR SOLAR’s marketing people started to explore the opportunities in India and they found that there was great potential for PV installations of all sizes, both residential and commercial, throughout the country. The Indian government was also in favour of PV and was introducing subsidies to help potential customers.
SOFAR SOLAR immediately started gaining all the necessary certifications to enable grid connection and testing the units to ensure excellent performance in India’s changeable weather. The marketing department began talking with existing distributors and EPC companies to get a better knowledge of the market.
Both residential and commercial projects proceeded quickly and the first commercial rooftop project was completed by the end of 2016.
SOFAR SOLAR has been a leading OEM supplier in India with most of its clients holding a good volume of market share in Indian C&I and Residential Solar Sector. They have become a leading OEM supplier in India because of their new technological advancements. Their products include the:
# Hybrid Inverter- 10kW/15kW/20kW (3 Phase)
# New upcoming Rating:- 80kW/100Kw/125/136Kw
# New upcoming Rating:- 225kW with 1500v DC
# Electrical Vehicle Charger (EV Charger)
# SOFAR AMASS Li-Ion Batteries: 5kWh-10kWh packs
# Online service portal with service extension facilities
The company has a . However, currently with the impact of Covid – 19, Mr. Brijesh Prajapati said “The entire world is on edge with the Coronavirus epidemic, it is a very bad impact on global economy, however SOFAR SOLAR team is available to support clients in the best total manufacturing capacity of 10GW with an Year on Year growth of more than 20%possible way during these times.”
He also said that the impact of the Coronavirus will mostly hit our first-quarter growth. It could extend to the second quarter as well if the outbreak lasts longer. The disturbance to industrial production and global trade flows and global logistic networks could be more severe due to the drag caused by the prolonged production shutdowns. WHO officials state clearly that at this stage one cannot predict the direction, duration, scope and scale of the epidemic. This creates an extra dose of uncertainty. Some experts expect the outbreak to last at least until the mid of April 2020.
“Factories do have spare capacity and may cover up for lost exports by speeding up production. However, India demand will be lesser or similar as compared to our previous numbers and this will have an impact on total production,” The Covid-19 outbreak has made it more difficult to achieve the targets due to the challenges of land acquisition, grid unavailability, supply chain bottlenecks and a lack of project financing. “ In the manufacturing sector also every product depends on the raw materials or third party vendor. In this epidemic cycle it’s very difficult to procure material on time & achieve execution timelines.