A 2.27 MWp PV system in the Vietnamese province of Tay Ninh with Sungrow inverters. Image: Sungrow.
This year, Sungrow has provided 2 GW of its SG110CX inverters for use in Vietnamese solar systems on the roof, as the Chinese company continues to expand its presence in the country.
With an output of 110 kW, the “robust” SG110CX inverter is suitable for use on Vietnamese roofs, where it is exposed to high temperatures and rainy conditions, says Sungrow.
According to the company, the success in Vietnam is due in part to the country’s local sales channels. At the beginning of this year, a contract was signed with the distributor DAT Technology Co for the supply of PV inverter solutions for commercial and industrial plants throughout Vietnam.
Sungrow invests in product innovation and expands its local sales and support teams. The outlook in Vietnam, a country dubbed “the hottest solar hub in Southeast Asia”, is “positive”.
After Sungrow achieved 9 GW of PV inverters exported overseas in 2019, an 87.5% increase over the previous year, Sungrow has since signed supply contracts for solar projects in countries like India, Qatar and the UK.
Thang Vu, country manager of Sungrow Vietnam, said there was “a lot of potential” for growth in both the Vietnamese rooftop and utility-scale solar market. He added, “Sungrow will facilitate the country’s energy transition and make solar power easier and more accessible way forward.”
Vietnam was recently named as one of the top outperforming solar markets in a report by Fitch Solutions. The consulting firm predicts an increase in solar capacity in the country by almost 10 GW over the next decade.
After total installed solar PV capacity increased from 134 MW in 2018 to 5.4 GW last year, the Vietnamese government announced plans earlier this year to ensure that renewable energies have a share of 15-20% The country’s energy will have to mix by 2030 and grow to 25-30% by 2045.
The country is expected to announce a new National Energy Development Plan 2021-2030 in March next year, which is expected to focus more on renewable energies.