Sungrow to Supply 1500V SG250HX Inverter Solutions to 500 MWac PV Plant in Oman

PVTIME - Sungrow, the global leading inverter solution supplier for renewables, announced it will supply 1500V SG250HX inverter solutions to the 500 MWac IBRI II project in Oman, which is the largest utility-scale PV plant in the Sultanate to date, demonstrating the Company's robust efforts in supporting Oman's ambition of lifting the renewable energy mix by 10%. The delivery of inverter solutions will commence in Q2 this year.

A Landmark Independent Power Plant

The IBRI II PV project is an Independent Power Project (IPP) to be developed on a BOO (build, own, operate) basis. The $400 million
project was funded on a debt to equity ratio of 70:30 and a consortium
consisting of ACWA Power, Gulf Investment Corporation (GIC) and the
Alternative Energy Projects Company (AEPC) has achieved the financial
closure of it recently.

The project is expected to come online in the summer of 2021, barring
aside any potential COVID-19 related considerations. It will supply
clean power to state-owned utility Oman Power and Water Procurement
Company (OPWP) under a 15-year contract. The plant can generate roughly
1,300 GWh annually, which is enough to power an estimated 33,000 homes and offset 340,000 tonnes of carbon dioxide emissions per year.

SG250HX Paves the Way to Lower LCOE

The project is located in a desert around 300 km west of Muscat
with ample sunshine and abundant flat land. The system poses strict
requirements on a minimized LCOE with cutting-edge PV technologies and
the resilience to harsh conditions like high temperature and sand

Sungrow's SG250HX, the world's most powerful 1500V string inverter,
to be installed onsite is an ideal match to the project. The solution
features 12 MPPTs with maximum efficiency of 99% and enables flexible
block design allowing for up to 6.75 MW blocks. Compatible with
bi-facial modules and tracking systems, the solution can significantly
maximize ROI for a PV project.

The improved Power Line Communication (PLC) will decrease
installation cost without excessive communication wiring. Equipped with
24-hour Static Var Generator (SVG) function, the solution can provide an
instantaneous and effective response to power quality problems,
enabling improved power system stability, reduced energy losses and
complying with most demanding local power quality standards and grid
codes, saving approximately $1,143,000.

Particularly with IP66 and C5 protection together with the smart
forced air-cooling technology, the 250 kW inverter can operate without
derating even the ambient temperature is up to 50 degree Celsius,
strongly resilient to scorching deserts of Oman.

Tap More Potential in MENA

"As a leading developer, owner, and operator of power generation and
water desalination plants, ACWA Power has considerable experience in
deploying PV Independent Power Plants worldwide. The Oman IBRI II Solar
PV is expected to play a strategic role in building Oman's
renewable production capacity. We are delighted to partner with
best-in-class entities such as Sungrow, that will support us in
delivering long-term sustainable benefits for all our stakeholders
through providing advanced, tailor-made solutions such as the SG250HX to
our customers," commented Rajit Nanda, Chief Investment Officer from ACWA Power.

"Sungrow and the SG250HX complement our ongoing mandate to provide
low-cost power to communities through utilizing the latest, most
cost-efficient technologies and we look forward to working on this
venture with them," he added.

"The 1500V 250 kW string inverter has been attracting around 3 GW
orders since it was first rolled out in Intersolar Europe 2019. We're
glad to decarbonize the local economy by bringing in more flagship
products," said James Wu, Vice President of Sungrow.

"It's another fabulous milestone we did in Oman,
even in Gulf Cooperation Council. It once again demonstrates that
growing number of customers are impressed by Sungrow competitive
products and services," he added. Wu also mentioned, Sungrow supplied a
105 MW project in Oman which will be put into commercial operation soon.

As one of the most energetic PV and BESS players in the Middle East and North Africa (MENA), Sungrow has the regional hub established in Dubai.
In addition to remaining a remarkable market share in Omani PV market,
Sungrow expands its footprints in other key markets in MENA as well.
With the 500 MWac project added to its portfolio, the Company is
expected to hit 1 GW in this region.