Leading Chinese inverter manufacturer and O&M system supplier Huawei signed an agreement with Singapores largest clean energy provider Sunseap to embark on a strategic cooperation for the Southeast Asian market.
The two companies signed the agreement last Friday in Bangkok, Thailand, to establish a strategic cooperation between one another for the Southeast Asia market. Thailand was a fitting location for the signing, as it is one of the countries in the region that is becoming a hotspot for the solar industry.
As part of the agreement, Huawei will supply at least 300 MW of inverters to Sunseap over the next three years for its projects in Southeast Asia. It also outlined a possible role for Huaweis FusionSolar Smart PV solution, which has been developed by Huawei as part of its inverter and information communication technology (ICT) to achieve higher yields, smart operation and maintenance (O&M), and safer management of the PV plant.
A Huawei insider disclosed to pv magazine that the thriving PV market in Southeast Asia is becoming a very important market for Huawei. He added that the company will inject more of its resources into the Southeast Asian market to support its future business in the region.
Sunseap has not revealed how many PV projects the company is in the process of acquiring in the region, or where they will be located, however, it does have an aggressive expansion plan that includes projects in Thailand, Philippines and Singapore. The company said during the signing ceremony that it believes the cooperation will be a win-win for Sunseap, for Huawei, and for the customers of both companies.
Sunseap was founded in Singapore in 2011, and has shown an impressive growth trajectory, now the largest provider of clean energy in the country. Its business is focused on blending the latest PV technology, products and services with the companys own expertise to provide its customers with affordable clean energy.
Huawei, Chinas largest ICT enterprise entered the PV inverter market in 2011 and has since become one of the most important inverter manufacturers. In recently released research reports by IHS and GTM, Huawei ranked number one for inverter shipments in 2015.