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Sungrow (also known as Sungrow Power Supply; ) is a publicly listed Chinese solar photovoltaic (PV) Solar inverter manufacturing company headquartered in Hefei, Anhui.
Due to the 2008 financial crisis, photovoltaic power stations had financing difficulties and support in European countries suddenly stopped leading to a decline in industry demand. In 2011, China's photovoltaic production had excess capacity leading to drop in prices for materials and components. However Sungrow went against the trend wheres its profit increased tenfold between 2008 and 2011.
In November 2011, Sungrow held its initial public offering and became a listed company on the Shenzhen Stock Exchange.
Sungrow has played a significant role in Targeted Poverty Alleviation via photovoltaics. In April 2016, General Secretary Xi Jinping visited Anhui province and affirmed Sungrow's contribution to the project.
In 2017, Sungrow built the Sungrow Huainan Solar Farm which at the time was the largest floating solar farm in the world. It produced enough energy to power 15,000 homes which was double capacity of the solar farm (built by Xinyi Solar) previously considered the world's biggest.
In August 2018, Sungrow opened a factory in Bangalore, India. This would be its largest solar inverter manufacturing base built overseas.
In July 2023, The Australian reported concerns on how Sungrow which had links to the Chinese Government was one of the largest suppliers in the Australian solar inverter market.
In March 2024, Sungrow surpassed its rival LONGi Green Energy Technology as the world's most valuable solar sector company. Sungrow benefited from China's boom in battery-storage capacity leading to higher revenues, and in 2024, Sungrow had 14% world battery market share.
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