Sungrow Hits 5 GW Shipment Milestone in Latin America

Sungrow the global leading inverter solution supplier for renewables, announced that its cumulative shipments to Latin America crossed 5 GW at Intersolar South America 2021, which was held in Sao Paulo on Oct. 18-20, demonstrating Sungrow's commitments to sustainable development and efforts in diversifying the local energy industry and decarbonization.

With a continued upward growth trajectory in markets like Brazil, Chile, Mexico, Argentina, and Uruguay, Sungrow is the market share leader of Latin America's PV industry. Despite the past economically challenging year, Sungrow is expected to reach a new record in 2021.

In particular, Sungrow made a significant breakthrough in Brazil with over 3 GW of inverters shipped and has been leading the Brazilian market share since 2019.

Sungrow has maintained market leadership in both utility-scale and distributed generation segments with extended partnerships with a multitude of EPCs, distributors, and integrators.

The Company boasts a large project track record in Latin America, including an 852 MW PV plant in Brazil, a 400MW project in Chile, and a 100MW project in Argentina.

As the only inverter supplier ranked No.1 bankable for three consecutive years and No.1 supplier in financed projects by BloombergNEF, the Company shows a robust performance in projects it powers.

"There need to be strong expansion efforts to continue the momentum seen in a few pioneering markets across Latin America in order to support the net-zero carbon ambition."

"As a pivotal player in this solar hub, we continue to bring forth industry-leading products and services that address diverse applications with lower LCOE, despite the changing landscape and current COVID-19 pandemic," commented Ada Li, Head of Sungrow Latin America.