Sungrow to increase Indian inverter production ability to 10GW

Feb 26, 2021 10:52 AM ET
  • Solar inverter supplier Sungrow will certainly expand its inverter production ability in India to 10GW this year.
Sungrow to increase Indian inverter production ability to 10GW
Image: Sungrow India

The statement was made by Sunil Badesra, Sungrow supervisor for the India market on the back of a consultatory webinar with industry stakeholders from the sustainable and also power markets this month, attended by Prime Minister Narendra Modi.

Sungrow claimed it will certainly broaden its production ability at its India facility threefold to reach annual production of 10GW in 2021.

Badesra said the India manufacturing facility will be "among the cornerstones in Sungrow's international technique to provide the technologically advanced services in PV inverter and also ESS [power storage systems] to a broad spectrum of clients in coming times."

The business's culminative deliveries to India exceeded 7GW by the end of 2020, it stated, which was driven by a series of tenders as well as turn around auctions, as well as shipped more than 3GW of inverters in one year. Its regional manufacturing centre in Bengaluru, which was first developed in 2018, will cover an overall area of 190,000 square feet and also might develop more than 300 jobs in the area, according to a declaration from the firm.

The announcement comes after India's federal government decided to raise basic customizeds responsibility (BCD) on solar inverters to 20% this month, as part of initiatives to strengthen residential production. Finance preacher Nirmala Sitharaman also introduced that an exemption of customizeds responsibility on all things of equipment, instruments, home appliances, elements or supporting tools for the setting up of solar projects is being retracted to make producing development easier for regional services. The modifications follow a statement from Modi last November that India would provide production-linked incentives for high-efficiency solar modules to assist make the nation "an international manufacturing hub" in the renewables industry.

In spite of the approximated 0.5% boost in project expenses, India has actually likewise been tipped for a "landmark year" of solar project development in 2021, with around 9.7 GW of utility-scale capability expected to be commissioned by December, according to brand-new numbers from JMK Research study and Analytics.

Badesra informed webiar guests that the India manufacturing facility will "not just be a technical and manufacturing center, it will certainly also be a vital place for ability building, training and also job creation for local young people."

The producer has likewise released a brand-new line of inverters designed for India's domestic market, which range from 5kW to 20kW ability.