‘The competition is getting fierce’: Hypontech on global competition in the PV sector

Here, Zhang notes that the company’s inverter production capacity, in particular, is already significant, and that there is considerable potential for ramp up in the near future.

“Our production capacity is 12GW, with 9GW in string inverter production lines, 2GW in micro-inverter production lines and 1GW in battery production lines. Each month, we can produce more than 100,000 inverters,” said Zhang. “I believe we could increase [production volume] by 200-300% in the next 12 months.”

Zhang also noted that Hypontech’s micro-inverters, in particular, are well-suited for use in warm environments, suggesting that they can remain fully operational at 45 degrees Celsius, greater than the industry standard for high-temperature efficacy of 30 degrees Celsius. This could be of particular benefit for the South American sector, which Zhang identified as a market in which the company is keen to expand its influence.

“The competition is getting fierce,” said Zhang of growing international competition. “It will not be easy for all solar companies. Hypontech has already forecast this situation, and has been well-prepared since the end of last year, and is still growing fast this year; our volume in the first half of the year has already surpassed the whole of last year.”

Hypontech has already expanded into new markets, such as Southeast Asia, Pakistan and the Middle East, and plans to attend events in Vietnam, Thailand and Pakistan later this year, as it looks to capitalise on its promising position in the global solar sector.