Huawei’s ascent to the top of the solar inverter pile has been swift, with the Chinese company taking its first steps in the industry just three years ago, and now it wants to take another chunk of the PV pie with its FusionSolar Smart PV Solution management system. The deal that it has strung up with Soventix is for both products, which work in harmony with one another for management of solar plants.
The framework agreement will see Huawei become the exclusive supplier of inverter equipment to Soventix and its global pipeline of solar projects. “We are very ecited to be partnering with Huawei as our primary supplier of solar products,” commented Soventix CEO Thorsten Preugschas. “This is a significant decision and highlights our faith in Huawei and the technologies it is developing.”
In addition to the exclusive supply deal, the two companies have agreed upon a longer-term cooperation to focus on Soventix’s major international markets, while also allowing Huawei to expand its global presence in the solar industry.
“Partnering with Huawei means we are able to enter solar markets still in their infancy with additional entry challenges and still deliver profits and high yields, thanks to the superior development of our plants,” continued Preugschas. “Huawei’s FusionSolar Smart PV Solution, with its string inverters, provides us with the control and quality we need to develop successful projects today and in the years to come.”
Huawei’s chief market is China, and it has shown a desire over the last year to aggressively expand into other areas of the world. Soventix has a current global project pipeline of 34.5 MW under construction and 136 MW that is ready for construction, so this will allow Huawei to stretch out into different markets.
“Soventix is a global EPC with an impressive project pipeline,” said the President of Huawei’s Smart PV Business. “Their presence in the Americas and elsewhere makes them a strong partner for us in growing our footprint in these markets, while ensuring Soventix is getting the most out of its plants by using some of the best available technologies for yields.”