BEIJING, Aug. 9 (Xinhua) -- Chinese renewable energy company Sungrow recently opened its photovoltaic inverter manufacturing factory in Bangalore, India.
With a total investment of 5.5 million U.S. dollars, the factory is designed with an annual production capacity of 3 gigawatt.
It's learned that the company attaches great importance to the development of the Indian market. On the one hand, India has favorable natural conditions for the development of solar power. On the other hand, the Indian government has introduced a plan for the development of clean energy, and investing in PV industry is in line with the country's industrial development policy.
Insiders point out that Chinese PV companies are exploring the Indian market, and currently they mainly adopt the way of importing related products from China. As the Indian market develops further, opening a local factory will become a new trend.
(Edited by Yang Qi, kateqiyang@xinhua.org)
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