Photovoltaic specialist seeks broader product offerings and heightened global presence
Bad Staffelstein / Germany, September 010th, 2012 -- IBC SOLAR AG, a global leader in photovoltaic systems, today announced the extension of its PV inverter product portfolio to include inverters from Sungrow Power Supply Co., Ltd. With nearly 2000 megawatts (MW) of installation capacity worldwide, of which 450 MW are installed in Europe, Australia and North America, Sungrow is the largest photovoltaic (PV) inverter manufacturer in Asia, and the fifth largest PV inverter manufacturer in the world in terms of MW shipment in 2011. Via this partnership, IBC SOLAR will be able to offer European clients an even wider range of product pricing in the field of high-quality PV inverters.
With the new cooperation, IBC SOLAR will provide its national and international clients with a selection of PV inverter products that is more tailored to their specific requirements. “By including Sungrow inverters into our product portfolio, we are expanding our broad range of high-quality products offering an ideal price-performance ratio,” said Norbert Hahn, IBC SOLAR board member. “Sungrow is a reliable partner who is renowned for high-quality standards and innovativeness. In combination with an optimal cost structure, our choice to include the PV inverter specialist in our portfolio was a very easy one, but also well-considered.”
IBC SOLAR subjected Sungrow’s inverters to stringent testing, both in the field of application and with an independent auditor. The results of IBC SOLAR field evaluations showed that the inverters are highly robust and reliable. Testing and production audits doubly verified Sungrow’s high product quality, proving that the inverters have long life cycles and top efficiency.
“IBC SOLAR is recognized throughout Europe as a high-quality brand, as well as one of the largest photovoltaic systems integrators,” said Mr. Renxian Cao, CEO of Sungrow. “Now we will come together to use both of our companies’ strengths on a worldwide scale to deliver reliable products with an attractive cost-performance ratio and profound expertise in photovoltaic installations.”
IBC SOLAR offers a training program which will comprehensively introduce the new Sungrow products to its Premium Partners in Germany and some selected European countries. For residential and for commercial installations, Sungrow inverters will be perfectly embedded in the IBC SOLAR system periphery. The IBC SolControl monitoring system ensures that the highest grid requirements are met.
About Sungrow Power Supply Co., Ltd.
Sungrow Power Supply Co., Ltd. is a high-tech enterprise engaged in the development of power supply equipment for renewable energy, especially solar photovoltaics (PV) and wind power. The company produces grid-connected PV inverters, wind power converters, technical consultancy, system design and other relevant services. Founded in 1997 by Mr. Renxian Cao, Sungrow has become one of the leading PV inverter industry manufacturers in the world. Of the 1,000 Sungrow employees based around the world, over 30% are R&D engineers. The company has representative offices and branch companies in France, Italy, Germany, Canada, Australia and other countries. Sungrow was officially listed (sym:300274) on the Shenzhen Stock Exchange in November 2011, and listed in 2012 by Forbes as one of the top nine Chinese public companies with the most potential.
About IBC SOLAR
IBC SOLAR is a leading global specialist in photovoltaic systems, offering complete solutions for power production from solar energy. The firm covers the entire spectrum, from planning to the turnkey handover of photovoltaic installations. Globally, IBC SOLAR has already implemented more than 120,000 turnkey photovoltaic systems with a total power of more than 2.0 gigawatts (GWp). The scale of these installations ranges from large photovoltaic power stations and solar parks, which feed electricity into the grid, to off-grid systems. IBC SOLAR sells its photovoltaic components and systems over an extensive network of trade partners. As a general contractor, IBC SOLAR plans and implements large scale solar projects. Through maintenance and monitoring, IBC SOLAR ensures an optimal performance of the solar parks.
IBC SOLAR was founded in 1982 in Bad Staffelstein, Germany. IBC SOLAR is represented by several subsidiaries around the world and currently employs around 440 people, of which approximately 300 work in Germany. The international business group IBC SOLAR is directed from its headquarters in Bad Staffelstein.
Media Contact - Sungrow:
Sungrow Power Supply Co., Ltd
Media contact - IBC SOLAR:
Fleishman-Hillard Germany GmbH
Ortrud Wenzel / Carolin Westphal
80331 Munich, Germany
Tel.: +49 89 / 230 316 - 0