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Cover Story | July 2018

We are setting up a manufacturing unit in India

To cater to the growing markets in India, <span style="font-weight: bold;">Sunil Badesra, Business Head, Sungrow</span> is all set to expand the company's capacity from its present 1 GW to 3 GW by 2020, which will be streamlined in the third quarter. <br /> <br /> <span style="font-weight: bold;">Throw some light on Sungrow India's performance last year?</span><br /> Last year, we witnessed rapid growth. Sungrow PV inverters shipped 16.5 GW in 2017 alone. Our PV inverter shipments increased over 48 per cent in 2017, from around 11.1 GW in 2016. The increase is a direct outcome of strong performance in established markets such as China, India, Japan, Europe, and the US. We have shipped over 1.5 GW PV inverters to India in 2017, including string and central.<br /> <br /> <span style="font-weight: bold;">What are your expectations from the current financial year?</span><br /> Solar has become one of the least expensive options today, and the Indian solar market has a huge potential. Solar installations have taken eight years to reach 20 GW in India, which is just 20 per cent of the 100 GW target set by the government for 2022.That leaves a large scope for private players. In view of this potential and growth, we are setting up a manufacturing unit soon in India. We are also expanding our sales and service network to all major states. <br /> <br /> <span style="font-weight: bold;">Competition has brought down tariffs considerably. Your take on the impact of this on the solar inverter market?</span><br /> Continuous drop in tariff is putting pressure not only on developers and engineering, procurement, and construction (EPC) players, but also on solar inverter suppliers. In executing a project economically, selecting a cheap inverter has never been a solution. People need to think of solutions that can optimise the project cost and make the project viable with good quality. <br /> <br /> <span style="font-weight: bold;">What are the major challenges faced by solar inverter producers?</span><br /> The major challenge that the solar sector as a whole, and the solar inverter producers in particular, face is the uncertainty over tax and duty, resulting in delay of tenders. Confusion prevails even after the roll out of GST and now it extends to the antidumping and safeguard duty as well. Another major challenge is to provide solutions in line with market requirements.<br /> <br /> <span style="font-weight: bold;">What segments of solar inverters are you present in?</span><br /> Sungrow provides a wide range of solar inverters to India, starting from 10 KW covering residential, commercial, and industrial rooftop markets, and going up to 3.125 MW for utility scale projects.<br /> <br /> <span style="font-weight: bold;">Elaborate your manufacturing capabilities and plans for India.</span><br /> Sungrow currently has an annual production capacity of 18 GW and is looking at expanding this to 36 GW by 2019. Indian manufacture, set up with annual capacity of 1 GW, will be ready in Bangalore by the third quarter of the current financial year, which will be expanded to 3 GW in a couple of years. We are also setting up an R&amp;D centre in Bangalore.<br /> <br /> <span style="font-weight: bold;">- Renjini Varghese </span><br />
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1 .     Yogesh Says:
17 Oct 2016
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20 Sep 2016
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20 Jun 2016
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