Sungrow Powers the Largest PV+Wind+Storage Complex in South Korea

PVTIME - 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.

Sungrow Powers the Largest PV+Wind+Storage Complex in South Korea
Sungrow Powers the Largest PV+Wind+Storage Complex in South Korea

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 yields for
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.

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