1). Kindly explain in brief about Sofar Solar and its latest product offerings for Indian customers.
# Sofarsolar is part of the Sofar Group, a highly diversified company who are No.1 in the GPS business. They have been involved in the communications and renewable energy fields since 2007 and entered the PV inverter business in 2012 with the establishment of Sofarsolar, specializing in R&D, production, sales and service of grid-tied inverters. SOFAR is very pioneer group in GPS sector in china & we would like accept new challenges in the market. So we have started PV market business & doing successfully business globally. In order to support the current growth of the Indian PV market, SOFARSOLAR has recently taken steps to strengthen its business position in the country with a new office and leadership.
New versions of Inverters which are very compact in size make SOFARSOLAR differentiate from others.
SOFARSOLAR is positioned to play important and leading role in the Indian solar industry.
#PRODUCT ROADMAP 2020:-
# Hybrid Inverter- 3kW/3.6kW/4kW/5kW/6kW (1 Phase)
# Hybrid Inverter- 8kW/10kW/12kW/15kW/20kW (3 Phase)
# AC Retrofitting Single phase 6kW
# New upcoming Rating:- 80kW/100Kw/125Kw /136kw
# New upcoming Rating:- 255kWwith 1500v DC
# Electrical Vehicle Charger
# SOFAR AMASS Li-Ion Batteries.
2). How has the H1 2020 been for Sofar Solar amidst Covid-19 in terms of revenue, order intake etc.?
The company has a total manufacturing capacity of 10GW with an Year on Year growth of more than 20%. However, currently with the impact of Covid - 19, “The entire world is on edge with the Coronavirus epidemic, it is a very bad impact on global economy, however SOFAR SOLAR team is available to support clients in the best possible way during these times.”
Impact of the Coronavirus mostly effected our first-quarter growth due to highly Corona effected Country China because our manufacturing plant in Shenzhen . then in india business effected in second & Third quarter as well if the outbreak lasts longer may be not sure about fourth quarter but in a nowadays renewable sector going good in India. The disturbance to industrial production and global trade flows and global logistic networks could be more severe due to the drag caused by the prolonged production shutdowns. WHO officials state clearly that at this stage one cannot predict the direction, duration, scope and scale of the epidemic. This creates an extra dose of uncertainty. Some experts expect the outbreak to last at least until the mid of Oct.’2020. “Factories do have spare capacity and may cover up for lost exports by speeding up production. However, India demand will be lesser or similar as compared to our previous numbers and this will have an impact on total production,” The Covid-19 outbreak has made it more difficult to achieve the targets due to the challenges of land acquisition, grid unavailability, supply chain bottlenecks and a lack of project financing. “ In the manufacturing sector also every product depends on the raw materials or third party vendor. In this epidemic cycle it's very difficult to procure material on time & achieve execution timelines.
3). Shed some light on the manufacturing and R&D facilities of Sofar Solar. How much percentage of revenue Sofar Solar invests in R&D every year?
# We are more focusing on product development , current model up-gradation , Designing level, Easily prompt service network technology, online data provision, innovation & we are running with market demand new technology. So we are investing more time to develop innovation work & in Research and development , Marketing activities, sales conferences, & participating in Expo more than 15numbers different County in a year. More focusing, Products innovation-Development, Conference, Webinar, Service Solutions platform & how we will better serve better quality products to clients is our motto.
4). What is the market USP of Sofar Solar as compared to its peers?
*Top 3 On-Grid solar inverter for the residential market in India & perfect choice for Rooftop market product.
*Top 5 String inverter manufacture in China
*Specialized in on-grid string inverter since 2012, with wide range from 1kW to 136kW
*Leading storage solution, including AC retrofitting storage inverter and hybrid inverter.
· BIS Certified Inverter.
· 8 Year’s Warranty (onsite Replacement warranty )
· OEM/ODM Partner First choice is SOFARSOLAR. (No.1 position in INDIAN Market).
· Online Service Support system.
· Top 3 On-Grid solar inverter for the residential market in India & perfect choice for Rooftop market product. Local Sales - Service Support & Company ware house at Ahmedabad, India.
· Top 5 String inverter manufacture in China
· Indian Registered company as a “SOFARSOLAR INDIA PVT LTD.”
· Leading storage solution, including AC retrofitting storage inverter and hybrid inverter.
· 10GW Manufacturing capacity
Certifications: BIS CERTIFIED INVERTER /IEC 61727 / 62116 / 61683 / 60068 / 62109 /61000 /60255/ IP65 / EN 5053 & Many more required important certificates.
Why choose SOFARSOLAR inverters?
“Reputed OEM First Choice is SOFAR & It’s our quality certification in INDIAN Renewable Market.”
ü Use higher voltage level capacitor.
ü Support four uni-polar output relays. (reliable, effective heat dissipation, longer life)
ü External inductor to lower temperature.
ü Wider MPPT voltage range
ü Use “T” type three level topology. (Efficiency increases ≥0.2%)
ü All types of inverters have leakage current detection components.
ü Use professional solar AC connectors as output.
ü Anti-reverse power controller for 1-136kW
ü GFCI detecting.
ü All information is available on a 4-inch screen (Variants display ).
ü Four buttons give easy operation.
ü Local data is recorded in SD card for 25 years. (for 3 phase inverters)
ü IV curve shadow scanning for panel fault detecting.
ü 8 years
5). Please name a few of the projects in which Sofar Solar inverters were used in India.
6). What are the future investment and expansion plans of Sofar Solar for the Indian solar market?
#Yes, we have EV Charger products & already our management decided to come in India market with our quality products EV Charger . Also discussion going on with some Indian reputed companies about EV Charger concept. According to us EV Segment & Li-ion batteries products are very good scope in India market. SOFARSOLAR is very aggressive for EV Segment business future scope in India.
We are believing in PROMPT SERVICE SUPPORT with LONGVISION Reliable Product Business Policy. Grow together with lesser complain ratio. In the future, SOFARSOLAR will continue to ride the wind and waves, lead the trend, actively explore, deepen cooperation in the new era and under the new situation, improve products and solutions, bring forth the new, and develop more "Photovoltaic Storage and Charging" products with excellent performance, so as to increase the power for the development of global new energy industry.
We are performing very good in India renewable market . SOFARSOLAR is a fastest growing product with good qualities, lesser service complain & prompt service solutions. No compromise in quality to make cheap product , no compromise in product component material, wide display is OUR KEY Features. Sofarsolar have good strong market in ROOFTOP Solar business & also in EPC Sector.
New energy storage products of SOFARSOLAR in 2020: The high voltage and low voltage series batteries of 4-20kW three-phase energy storage inverter will be released in the near future. The new product is mainly oriented to the global market. Both grid-connected and off-grid systems can be built into a multi complementary energy generation microgrid system with the help of this new product to realize photovoltaic self-use and residual power storage, and arbitrage by combining energy storage peak and valley to maximize economic benefits and effectively mitigate the load impact on the distribution grid.
SOFARSOLAR takes technological "Photovoltaic Storage" as the theme and relies on "Photovoltaic Storage and Charging" as the innovation carrier. Four series of new products of "Photovoltaic Storage" are launched in the world, to strive to create the top brand of "Photovoltaic Storage and Charging".
Four series of new products cover: large series of 80-136kW, 10-20kW three-generation inverter, 5-20kW three-phase grid-connected inverter and HYD inverter , and high-voltage and low-voltage batteries.
“WE BUILD QUALITY, WE OFFER QUALITY.”
Managing Director- India
M:- +91 7567008282 l E-mail: email@example.com Iwww.sofarsolar.com
7). Does Sofar Solar invests in any Corporate Social Responsibility (CSR) activities as well in India?
Kindly send the responses on or before August 14, 2020 along with the high-resolution photograph.