Hoymiles, a global manufacturer of microinverters, has won a solution with an international scale of 360 MW microinverter supply in India, the biggest individual order Hoymiles has received in its entire history.
The agreement will point to the fact that India will be experiencing a rapid shift to distributed solar solutions, and society will see increased demand for advanced power electronics in the fast-growing clean energy market of India.
Repowering India’s Rooftop and Distributed Solar Segment
The record order will aid the massive implementation of rooftop, commercial, and industrial (C&I) solar schemes in many states in India. Microinverters are gaining popularity in these segments because they can help to increase the energy output and physical safety of the system and allow monitoring at a module level.
With the government initiative of rooftop solar in India and increased electricity prices and corporate decarbonization policies, industry analysts observe that the demand for reliable and efficient technologies in inverters has been increased dramatically.
Adoption in Technology Advantage Solutions
The microinverters developed by Hoymiles are intended to optimize power generation at the per-solar-module level to minimize losses due to shading or soiling or even device mismatch. The technology guarantees increased system uptime and better performance than more traditional string inverters, especially in more complex rooftop applications.
According to the company, the 360 MW transaction denoted that there is dependability on its products, safety, and post-sales services by its customers in the Indian market.
India turns out to be a major growth market
India is emerging as one of the fastest-growing markets of Hoymiles due to the high renewable energy ambitions as well as the favorable policy frameworks. The nation is striving to have 500 GW of non-fossil fuels by 2030, and rooftop and distributed solar should take a decisive role.
According to analysts, such a significant order of microinverters suggests a more widespread shift toward decentralized generation of power and smart power management, as well as resilient electrical networks.
Increase in Solar Production and Energy Transition
The transaction is also likely to bolster the solar ecosystem in India by giving a boost to the project developers, EPC players, and installers to pursue high-performance distributed solar projects. Furthermore, the growing use of microinverters complies with grid stability, safety, and digital monitoring that is also the focus of India.
In general, the 360 MW microinverter agreement by Hoymiles is a milestone for the company, and it goes to confirm India as one of the major markets across the world in regard to next-generation solar technologies in the current energy transition.
