Yeongam, South Korea, August 28, 2020 -- Sungrow, the global leading
inverter solution supplier for renewables confirmed that the Company supplied a
93 MWac project with its outdoor central inverter solutions. The project, recently
put into commercial operation, is in Yeongam, South Jeolla province, South
Korea. It is noteworthy as one out of the only two solar projects of approximate 100 MW capacity in
the country, and milestone application as of the largest
hybrid energy systems in the region.
Part of the Largest PV+Wind+Storage
Complex in South Korea
Located in a 2.96 million square meters mountainous site in
Daemyeong, Yeongam, about 340 km south of Seoul, the PV project is a part of
the South Korean largest hybrid energy system integrating PV, wind and energy
storage, featuring agility within a complicated landform and high humidity
environment.
The PV plant is
expected to generate 120 GWh of clean energy per year, enough to power 30,000 households
and equivalent to eliminating carbon dioxide by 56,000 tonnes. Daemyung Energy,
the project’s developer, will
sell renewable energy certificate (REC) to Korea South-East Power for solar
power over 20 years, expected to raise about 30 billion Korean Won (24.9
million USD) per year.
A wide portfolio of Sungrow outdoor central inverter solutions
ranging from 1.25 MW to 3 MW were deployed on-site, offering an optimal
performance given the advanced three-level topology technology. Equipped with
multiple MPPTs, the solutions are ideal for mountainous installations. Armed
with a high protection level of IP65 and a built-in PID recovery function, the
solutions maintain unprecedented yieldsfor the plant even in high humid
conditions. With a smart control unit (SCU) and being compliant with the power
plant controller DER-AVM, the solutions enable timely online analysis and troubleshooting.
Untapped Potential
“The successful
intake of the landmark project has enabled Sungrow to accumulate valuable
experience and laid a solid foundation in the field of solar energy in South
Korea. The challenge posed by the pandemic outbreak won’t stop Sungrow from providing the best
effort at creating customer value and decarbonizing local economies,” said Hoseob Kim,
Country Manager of Sungrow South Korea.
Sungrow has over 1
GW of its inverter solutions deployed in South Korea as the leading solar
player in both the utility-scale sector and distributed generation segment
across the nation. The Company has
established a comprehensive local team offering responsive sales, technical
support and after-sale service, ideally meeting local mounting demands - the South Korean MOTIE (Ministry of Trade, Industry and Energy)
updated that installations of renewable energy will be increased from 12.7 GW
to 42.7 GW and will account for 20% of the total energy by 2030.
Sungrow also shows reliable and robust momentum in the global
landscape as the only inverter supplier ranked 100% bankability by
BloombergNEF for two consecutive years. Its latest 1H financial report shows a 55.57% year-on-year growth rate in revenue
while the cumulative installations reaching 120 GW as of June 2020.
About
Sungrow
Sungrow
Power Supply Co., Ltd ("Sungrow") is the world's most bankable inverter brand with
over 120 GW installed worldwide as ofJune 2020. Founded in 1997
by University ProfessorCao Renxian, Sungrow is a leader in the research
and development of solar inverters, with the largest dedicated R&D team in
the industry and a broad product portfolio offering PV inverter solutions and
energy storage systems for utility-scale, commercial, and residential
applications, as well as internationally recognized floating PV plant
solutions. With a strong 23-year track record in the PV space, Sungrow products
power installations in over 120 countries, maintaining a worldwide market share
of over 15%. Learn more about Sungrow by visitingwww.sungrowpower.com.