Hoymiles commissions Mexican microinverter factory

September 20, 2024
Facebook
Twitter
LinkedIn
Reddit
Email
Hoymiles' Monterrey manufacturing facility.
The facility will have an annual production capacity of 500,000 units, which could be doubled in the coming years. Image: Hoymiles.

Chinese inverter manufacturer Hoymiles has started commercial operations at its first overseas factory, a manufacturing facility in Monterrey, Mexico.

The facility will produce the company’s microinverters, including the HMS-2000-4T and HMS-2000DW-4T series, for use in residential and commercial solar applications. The company noted that the project will have an annual production capacity of 500,000 units, and expects to expand this capacity to one million units, although it did not give a timeframe for this expansion.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“The Monterrey facility is a significant milestone and demonstrates our commitment to supporting renewable energy transitions in North and Latin America,” said Hoymiles CEO Dr Yang Bo. “This factory will be crucial in meeting the region’s growing needs for solar and energy storage solutions.”

The news is a notable milestone for the company, as this facility is its first manufacturing plant outside of China. Prior to the commissioning of the Monterrey factory, Hoymiles had an annual production capacity of two million units, so the addition of microinverters from the Mexico plant will be a significant addition to its global footprint.

With the world’s solar capacity growing rapidly—figures from Ember Climate suggest the world could add 593GW of new capacity this year—demand for technologies, such as inverters, is set to rise. Figures from Wood Mackenzie show that the world’s solar inverter shipments increased by 56% between 2022 and 2023, and much of the world’s inverter manufacturing capacity is concentrated in a small number of Chinese majors, with the top ten inverter manufacturers accounting for 81% of the global market.

However, this is not to say that there is not considerable investment in the inverter industry beyond these few leading companies. Earlier this year, Spanish inverter manufacturer Ingeteam announced a deal to supply 1GW of its inverters to compatriot renewable energy developer Acciona Energía for three solar projects in the US.

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

October 31, 2025
Solar Media Market Research looks into the the Section 232 ruling in the US, tackling the questions that need to be understood.
October 30, 2025
Scatec posted development and construction (D&C) revenues of NOK1,760 million (US$175.1 million) in the third quarter of this year.
October 30, 2025
Global net zero by 2050 is now “impossible” and the world is on course for temperature rises of 2.6°C, according to energy market analyst Wood Mackenzie.
October 30, 2025
Nexamp has secured US$600 million in financing for distributed solar and energy storage projects in the US.
Premium
October 29, 2025
Damage to solar from so-called Natural Catastrophe events is increasing as the technology expands its reach and weather conditions worsen.
October 29, 2025
NextEra Energy Resources added 3GW of new renewable energy generation and storage capacity to its portfolio in the third quarter of 2025.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany