Sungrow has signed an agreement with Vietnamese clean energy company, XBSolar, to distribute 40 MW of the Company's commercial and industrial (C&I) and residential inverter solutions to Vietnam within a year, escalating its efforts to empower more communities in one of the Southeast Asia solar hubs.
Under the agreement, Sungrow will provide a wide portfolio ranging from 3kW to 110kW with an optimal performance in C&I and residential installations. In particular, the 1000V commercial inverter SG110CX equipped with 12 MPPTs is compatible with bi-facial modules and functions excellently in complex terrains. It is also resilient to harsh conditions armed with the IP66 and C5 corrosion class protection. With built-in PID recovery function, the solution maintains unprecedented yields for solar power plants.
XBSolar has a 600m2 warehouse locally which enables quick distribution across the country, and a customer care center to provide responsive warranty services to ensure maximized ROI for investors.
"The partnership with Sungrow adds significant impetus to our drive to energize Vietnam. Sungrow is our exclusive inverter supplier. The company's commitment to the region is obvious and together we're looking forward to tapping more potential for the sustainable economy," said Mr. DUONG Anh Dong, Chairman of XBSolar.
Since the entry to the Vietnamese market in 2017, Sungrow has established the branch in Ho Chi Minh City with a professional local team covering sales, technical support and after-sale service throughout the nation. The Company leads this market with a 35% market share in the utility-scale sector and a 30% in the rooftop segment.
"The competitive product performance on the field, talented team, unmatched delivery capability and 100% bankability are all critical factors to our growth in this vibrant market," said Thang Vu, Country Manager of Sungrow Vietnam.