GoodWe jumps to the 4th position in the global ranking of three-phase string inverters

PRESS RELEASE

2018 was a brilliant year for GoodWe in the global market and is now starting to be reflected on international rankings. The position of the company has continued to rise, confirming the positive trends built over the years and heralding a bright future. According to the PV Inverter Market Trackerrecently released by IHS,   GoodWe has become the world’s 4^thlargest supplier of three-phase inverters for use on Commercial and Industrial (C & I) applications.

Less than 5 years ago GoodWe was positioned outside the Top 10, however thanks to consistent technological improvements and the contribution of our international teams GoodWe has experienced significant growth year on year. Last year the company shipped more than 2GW of three-phase string inverters, allowing for a significant rise in the world ranking.

The expansion of GoodWe in this segment has been particularly visible across large strategic markets, such as India, where in just some few years the company has almost tripled its shipments. Other outstanding markets where the growth has been remarkable are Australia and the Netherlands, which are mature and sophisticated. The great giant of South America, Brazil is also experiencing an explosion in the market of DG, in which many C & I users are starting to look at GoodWe as a very competitive choice. Other markets of significant growth are Turkey, Mexico and Argentina.

In the Chinese domestic market, the GoodWe three-phase commercial inverters are also present in all kinds of projects ranging from installations to supply solar energy to urban tram systems,  solar parking lots all the way to farms, technological companies and poverty alleviation projects in which our inverters help to support communities, achieve savings and contribute to clean the environment.

At present the portfolio of GoodWe three-phase C & I inverters consists of our models SDT, SMT and MT. Since last year the company has launched the Second Generation of these inverters and it’s certain that the advanced technology and the new functionality that GoodWe offers have been an important part of the success achieved domestically and overseas. Another important GoodWe improvement contributing to this success is the establishment of local service teams assisting and providing assurance to our C & I customers and providing timely technical support.

The new and expanding strengths of the MT inverter include different power capacities that range from 50 to 80KW, high efficiency, capability to fully operate at 50°C and oversizing capabilities of up to 50%. The second generation has added compatibility with bifacial modules, string level monitoring and PLC communications, AFCI and a very long list of strengths. This inverter has become a signature series for GoodWe, having been successfully installed across large projects worldwide by international EPCs.

Being listed so high on this international ranking attests to the trust that solar developers are putting on the GoodWe C & I solutions. Investors enjoy the extremely low startup voltage, manifested in the fact that they are capable of generating power at a very early stage and for longer duration. GoodWe is thus increasingly seen as great value for commercial projects and investors are realizing that purchasing GoodWe is a reliable and safe investment.

For many years GoodWe has only been seen as the leading players in the residential market segment and with consistent technological advances in design and technology is now being held in the same regard with their C&I offering. The rise to the 4^thposition in the international ranking of the three-phase is a recognition that motivates GoodWe to keep improving. GoodWe continues to invest heavily in R&D, cementing itself as an industry leader and continues to deliver exceptional product whilst leveraging strategic and valued partnership worldwide.