Sungrow recently signed a strategic supply agreement with Thailand's Gulf Energy Development Plc (GULF) to provide PV inverters and liquid-cooled energy storage systems for its 3.5GWp project needs over the next 7 years. Under the framework of Thailand's latest Power Development Plan (PDP), after all projects are connected to the grid and operate, they can effectively respond to rising electricity prices, optimize the energy supply structure, enhance national energy security and energy independence, and establish a model for renewable energy development in the Southeast Asian region.
As an important economy in the Southeast Asian region, Thailand's solar industry is welcoming unprecedented development opportunities. As one of the largest private power producers in Thailand, renewable energy generation is one of GULF's main business. In this cooperation, Sungrow will provide its industry-leading SG350HX string inverters and PowerTitan energy storage systems. The deep integration of photovoltaic and energy storage will ensure the stable and efficient operation of the power station, continuously delivering clean electricity to the grid, and creating benchmark projects in the Southeast Asian region.
Gulf Energy CEO, Mr. Sarath Ratanavadi said, "This collaboration reflects the commitment of both GULF and Sungrow to drive the growth of the renewable energy sector, which aligns perfectly with GULF's strategy of partnering with reputable, industry-leading suppliers to ensure the highest quality and efficiency in their energy storage and inverter systems. We firmly believe that Sungrow possesses the capability to execute all projects with utmost quality, and we look forward to continuing to working with Sungrow in the future to accelerate the pace of Thailand's energy transformation and jointly contribute to the sustainable development of Southeast Asia."