Sungrow’s PV inverter sales soar on China installation growth

March 20, 2014
Facebook
Twitter
LinkedIn
Reddit
Email

Sungrow Power Supply reported more than a doubling of PV inverter sales and shipments in 2013, supported by its first move advantage and leadership position in the rapidly growing Chinese market.

The China-based PV inverter manufacturer reported PV related sales of approximately US$466.9 million in 2013, compared to sales of US$226.8 million in 2012.

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

Domestic PV inverter related sales reached 3.5GW in 2013, a 178% increase from 1.25GW in the previous year. Overseas sales also increased considerably, year-on-year, reaching 293MW in 2013, up from 134MW in 2012, a 119% increase.

Sungrow noted in its 2013 annual report that its PV inverter products continued to dominate the Chinese domestic market, which has primarily been ground mount utility-scale in the last two years. The company also noted that its market share of the PV power plant system integration business in the country had also developed rapidly.

The company has been successful in partnering on PV projects with China Three Gorges New Energy Company and with SUMEC New Energy, amongst others.

It played a lead role in establishing China’s grid-tied PV inverter technical requirements and test methods that were approved earlier last year.

According to NPD Solarbuzz, China installed around 11.4GW in 2013 and the Chinese government quotas for ground mount and distributed installations eligible to receive FiT payments has been set at 14GW in 2014.

To meet both domestic and overseas demand, Sungrow increased PV inverter production from approximately 1.5GW in 2012 to 5GW in 2013.

The company has also launched a new PV central inverter (SG500MX-M) for the Chinese utility-scale market specifically meeting the latest domestic GB / T 19964-2012 national standards for grid-tied inverters.

Read Next

October 15, 2025
Wood Mackenzie has warned of a supply bottleneck as the renewable energy shift drives a spike in global copper demand over the next decade.
October 15, 2025
The average price of a solar PPA signed in North America increased 4% between the second and third quarters of 2025, according to LevelTen.
October 15, 2025
A report by IRENA and others has highlighted the need for yearly renewable energy deployments to almost double between now and 2030.
October 15, 2025
Independent power producer (IPP) Geronimo has begun construction on it’s150MW solar project in Illinois and commissioned the 125MW PV project in Michigan.
October 15, 2025
Ciel & Terre has launched a new floating PV structure designed to address the increasingly large scale of floating solar projects.
October 15, 2025
Indian module manufacturer Saatvik Green Energy, through its subsidiary Saatvik Solar Industries, has secured solar PV module orders worth INR6.89 billion (US$78 million).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK