Energy Storage News•about 14 hours ago
Sungrow to invest US$270 million in inverter and BESS factory in Poland, first outside Asia
Key Takeaway
This investment marks a significant localization of critical renewable energy component manufacturing in Europe, promising enhanced supply chain stability and potentially better economics for solar and storage projects across the continent.
AI Summary
- •Sungrow is investing US$270 million to establish its first PV inverter and Battery Energy Storage System (BESS) manufacturing facility outside Asia, located in southwest Poland.
- •This new factory will significantly increase the direct supply of critical PV inverter and BESS components within the European market.
- •Developers and large power consumers in Europe can expect improved supply chain resilience, potentially shorter lead times, and reduced logistics costs for Sungrow's equipment, supporting faster project deployment.
Topics
financingoempolicysolarstorage