Sungrow Inks Pact with XBSolar to Boost Inverter Supply in Vietnam

Sungrow, which is among the world’s most bankable inverter brands with more than 100 GW installations, has entered into an inverter supply pact with XBSolar, a Vietnamese clean energy company.

As per the deal, the China-based company will supply 40 MW of its commercial and industrial (C&I) and residential inverter solutions to Vietnam within a year.

Further, the inverter manufacturer will provide a wide portfolio of inverters ranging from 3 kW to 110 kW with optimal performance in C&I and residential installations.

It’s inverter solutions having features like the 1000V commercial inverter SG110CX equipped with 12 MPPTs is compatible with bi-facial modules and functions excellently in complex terrains. It is also resilient to harsh conditions armed with the IP66 and C5 corrosion class protection. With built-in PID recovery function, the solution maintains unprecedented yields for solar power plants.

Commenting on the agreement, DUONG Anh Dong, Chairman of XBSolar, said that “the partnership with Sungrow adds significant impetus to our drive to energize Vietnam. Sungrow is our exclusive inverter supplier. The company’s commitment to the region is obvious and together we’re looking forward to tapping more potential for the sustainable economy.”

XBSolar is a subsidiary of a Vietnam based company Xuan Bach and has 600m2 warehouse locally which helped the company in quickly distribution across the country.

Besides, it is also having a customer care center to provide responsive warranty services to ensure maximized ROI for investors.

“The competitive product performance on the field, talented team, unmatched delivery capability and 100 percent bankability are all critical factors to our growth in this vibrant market,” added Thang Vu, Country Manager of Sungrow Vietnam.

Sungrow is having a 35 percent market share in the utility-scale sector and a 30 percent in the rooftop segment in Vietnam.

Vietnam is witnessing a rise in demand in rooftop solar segment mainly due to favorable incentives from the government, in a bid to lift the share of renewable energy sources in the national energy mix.

Last month, the company entered into a distribution pact with Panasian Power PLC, a Sri Lanka-based supplier of clean and renewable energy to Sri Lankan national grid.