Thanks to the technology development in these years, solar energy is well accepted and applied globally with cost reduction of whole system, especially falling price of PV modules.
As one of the major PV markets, Indian market installed close to 9.5 GW solar projects in last year. Along with the idea of energy-saving and emission-reduction becoming popular in India, 2 GW solar capacity is expected in this year in its commercial and industrial markets.
TATA Power, Sterling & Wilson together with other EPC giants are making tremendous contributions in building a greener future for India as they are paying more attentions to C&I projects. With a total capacity of 6.063 MWp, Mangalore Refinery and Petrochemicals Limited was reported successfully having a commissioned largest solar power project in a refinery site. The solar power project is spread across 34 rooftops within the refinery premises comprising both RCC and sloping sheet steel roofs. “These solar plants generate more than 24,000 units per day amounting to more than 8.8 million units per annum.” Furthermore, Cochin International Airport Limited, which has always been adhered to the philosophy of sustainable development, is completing its latest phase of 10MW solar project that guarantees 100% renewable energy supply. GoodWe string inverters are widely used in these C&I projects. GoodWe MT Series inverters (50-70kW) are most suitable for Indian C&I solar market, which can be successfully deployed on large scale commercial rooftops and ground-mounted solar PV plants and can help further reduce installation costs while its power boost function provides higher yield and a faster ROI.
GoodWe is happy to see the rapid development of India’s PV industry. However, when many PV manufacturers have been flooding in India, a vicious price war between manufacturers has cut margins to the bone which will disrupt the healthy development of PV industry as well as provide opportunities for low-cost inferior products. Mr. Huang Min, CEO of GoodWe said, “Faced with vicious price war, we can never follow the trend at the expense of long-term development for both the company and the industry. GoodWe’s philosophy is to always create win-win partnerships by identifying and integrating the most advanced components and techniques available”.
GoodWe’s revenue in 2017 is $200 million with an average monthly sales volume of 30,000 pieces, which increased 100% compared with 2016. According to the report about global inverter shipments from IHS Markit, the leading source of information, insight and analytics in critical areas, GoodWe ranked 8th in the 2017 World PV inverter market and secures top 10 World PV Inverter Market in 2018 Q1.
With significant growth of supply to Indian market, GoodWe is aware of the importance of offering an unparalleled after-sales service to win long-term business. GoodWe has already set up its Indian office in Mumbai and till today has built up a local team of 10 people mainly for service, and there are more to join.
"We are delighted to be awarded with a number of MW solar rooftops from TATA Power, Sterling & Wilson and other big EPCs," Mr. Huang Min. "We will continue to focus on increasing our presence in terms of development and construction activities in India with excellent quality and service.”