Tuesday, April 8, 2014

Sungrow partners on 300MW of Inner Mongolia PV power plant projects

Major China-based PV inverter manufacturer, Sungrow Power Co has signed a ‘strategic cooperation agreement’ to build a total of 300MW of PV power plants in Inner Mongolia at an estimated cost of US$483 million, according to a company statement.

Sungrow has partnered with Tongliao City, Naiman County, Inner Mongolia local authorities on the plans, which include an initial feasibility study before first phase plans of an initial 50MW would start construction in July, 2014.

However, a further construction phase of 100MW was planned for July, 2015 and a further 150MW started in July, 2016.

Sungrow recently reported more than a doubling of PV inverter sales and shipments in 2013, with domestic PV inverter related sales reaching 3.5GW, a 178% increase from 1.25GW in the previous year. Overseas sales also increased considerably, year-on-year, reaching 293MW in 2013, up from 134MW in 2012, a 119% increase.

The company has been successful in partnering on PV projects with China Three Gorges New Energy Company and with SUMEC New Energy, amongst others.
To meet both domestic and overseas demand, Sungrow increased PV inverter production from approximately 1.5GW in 2012 to 5GW in 2013 as its downstream PV project business is also set to grow rapidly.

According to data recently compiled by PV Tech, Sungrow has signed more than 12 downstream project agreements since the beginning of 2014, totalling over 2GW of project expected to be built over the next three years.

Sungrow has also recently said that its 1MW ‘SG1000TS’ central inverter had passed TÜV Rheinland certification for harsh environment testing, which is typical conditions for Inner Mongolia

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