Sungrow inks 300-MW partnership deal in Indonesia

• Chinese solar inverter maker Sungrow Power Supply Co Ltd (SHE:300274) on Wednesday claimed it has signed a 300-MW strategic partnership agreement with its channel agent, Indonesian solar roof specialist Utomo SolaRUV, to expand its sales in the Indonesian market this year and beyond.

The contract was signed at the Solartech Indonesia 2022 exhibition, which occurred last week in Jakarta.

The business said that it supplied inverters for 90 MW of the 200 MW of solar installed in Indonesia in 2021.

Sungrow is confident on the country's new policies as it aims to get to a 23% renewables share in its energy mix by 2025 and also the truth that solar energy customers can currently export 100% of the electricity created to state-run power firm PLN.

At the event, Sungrow provided its products for utility-scale, commercial as well as industrial (C&I) and also residential applications, including its 1+X modular inverter, its C&I power storage system ST129CP-50HV and its brand-new residential hybrid inverter SH5.0 RS.