Sungrow has secured an order worth 75 MW for its inverters in Thailand. On the back of strong demand in the region, the manufacturer will open an office in the kingdom in July.
Sungrow has seen rapid market growth in Thailand
Flickr/Garik Lawson Asplund
Chinese solar PV inverter manufacturer, Sungrow has signed a deal with Super Block Co., Ltd to supply 75 MW of its SG1000TS central inverters, and PV combiner boxes, to projects in Thailand. No further delivery details were provided.
Super Block’s wholly-owned subsidiary, Solar Super Energy (SSE) aims to install 500 MW of solar PV projects in Thailand by Q1 2016. The company reports that it currently has 132 MW under construction, with completion expected in Q3 2015.
In related Thai news, Sungrow also announced it will open a local office in the kingdom, “Based on the strength of solar in the Asia Pacific region.” While details were light, the manufacturer said it will house a technical team, with pre-sales support and after sales services available for its regional customers, which include Super Block.
In 2014, Sungrow shipped a total of 3.8 GW of inverters, with international orders totaling 430 MW. Rapid growth was said to have been seen in Thailand.
According to IHS, central inverter prices ranged between CNY 0.20 and CNY 0.28 per watt ($0.03-0.05/W) in Q1 2015. Reporting a 10% market decline in the quarter, the analysts said the Chinese market is consolidating and, while it will likely continue to boom this year, Chinese inverter suppliers will expand their international operations, particularly in Asia and the Americas.