Chinese inverter company Sungrow has announced it will establish a 3 GW solar PV inverter manufacturing factory in the Indian city of Bengaluru, the capital of the state of Karnataka.
The new factory will produce both central and string inverters, and will support Sungrow’s rapidly growing customer base in regions across the world.
According to the latest GTM Research statistics, Sungrow ranked second for global inverter shipments last year, shipping more than 16.5 GW of product – an increase of 48% from 2016. Demand from India, the U.S., Europe, Japan, and other Asia-Pacific countries drove much of this growth.
The new factory, which is scheduled to be opened in the second half of 2018, will be Sungrow’s first factory outside of China.
India’s goods and services tax (GST) may compel more international firms to build local production facilities in India, particularly if the wider Indian solar market can stay on its current growth trajectory.
“Other companies growing their presence in India include General Electric, Fimer, Gamesa, Siemens and Ingeteam, joining the more established players such as TMEIC, SMA, Schneider Electric, ABB and Hitachi,” Cormac Gilligan, senior solar analyst at IHS Markit, told pv magazine.