Ginlong to double string inverter manufacturing capacity

Facebook
Twitter
LinkedIn
Reddit
Email
Ginlong Solis Technologies is to double its manufacturing capacity to 20GW per annum via a US$100 million non-public offering to meet growing demand for its mainstream products and emerging solar-plus-storage product offering. Image: Ginlong

PV string inverter manufacturer Ginlong Solis Technologies is to double its manufacturing capacity to 20GW per annum via a US$100 million non-public offering to meet growing demand for its mainstream products and emerging solar-plus-storage product offering. 

“The demand for our ultra-reliable Solis inverters has driven this push to double our capacity,” said Yiming Wang, president of Ginlong Solis Technologies. “We are seeing a boost in demand for string inverters over other technologies due to its cost-competitiveness and reliability. This doubling of our production represents an exciting milestone for Solis.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Since going public, Ginlong has rapidly expanded its product range and sales and marketing in a growing number of regions and countries with operating income increasing 37% in 2019 to around US$160 million, compared to US$117 million in 2018.

Ginlong has rapidly expanded its product range and sales and marketing in a growing number of regions and countries with operating income increasing 37% in 2019 to around US$160 million, compared to US$117 million in 2018.

Ginlong said that an expanded factory would add 1,000,000 square feet to its existing facility in the Binhai Industrial park, Xiangshan County Ningbo City, Zhejiang province. In financial documents, Ginlong noted the expansion would enable an annual output of 400,000 sets of string-type grid-connected and energy storage inverters.

The expansion will also include a new corporate campus and R&D and testing facility.

“Our new corporate campus will add more than 500 new jobs to the Solis team, bringing in fresh talent and new ideas to boost innovation and drive growth,” added Wang. 

Ginlong raised RMB 533 million (US$75 million) during its IPO on the Shenzhen Stock Exchange in March of 2019, making it the only publicly traded company in China focused exclusively on PV string inverters. 

Ginlong has been included in to PV Tech's regular analysis of rival PV inverter manufacturers that are listed on stock exchanges. 

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

June 24, 2025
Chinese solar manufacturing giant LONGi has signed an agreement with Indonesia’s Pertamina New & Renewable Energy to build a 1.4GW module assembly plant in West Java, Indonesia.
June 24, 2025
Imbalances in investment mean that action will be needed if the solar industry is to help meet the world’s climate change targets.
June 24, 2025
The Chinese polysilicon industry could face a shortage by 2028, despite persistent overcapacity in recent years, according to polysilicon market analyst Bernreuter Research.
June 23, 2025
China notched up close to 100GW of new PV in May, in the processes surpassing a terawatt of cumulative installed capacity, figures show.
June 19, 2025
The China Enterprise Bankruptcy and Reorganization Case Information Network has published a notice regarding creditor claims for Suntech.
June 19, 2025
Boralex is driving organic growth across Canada, the US, France, and the UK, fueled by a project pipeline totalling 8GW.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico