EPC Company TRESS Sun Invention Green Energy Ltd. was founded as a joint venture between Sun Invention and the TRESS Group Ltd.
LONDON--Today Sun Invention, pioneer of easy to install, flexible and intelligent energy solutions, announced its entry into the rapidly growing Chinese PV-market and will start with the production of Plug & Save as well as Plug & Power in Huangshi City. The potential is enormous, since the Chinese government plans to enlarge the PV-sector and wants to connect a total capacity of 35 GW of PV-power to the grid by 2015.
The local partner of Sun Invention Ltd., the TRESS Electronics Group Ltd., will start to manufacture the grid-connected Plug & Save modules as well as the off-grid modules Plug & Power in August. The full production capacity in the Hubei TRESS Industrial Park in Huangshi City is expected to be reached until the end of the year.
ĄThe partnership with TRESS is an important milestone in the history of our company and shows that the SUN-VOLUTION is progressing exactly in the right direction", says Toralf Nitsch, COO of the Sun Invention Ltd. He also pointed out that the great demand was one of the reasons for choosing the large joint venture with TRESS.
"Sun Invention enters one of the worlds' toughest solar markets well prepared, as we bring along excellent expertise and numerous years of experience. Together with the manufacturing experts at TRESS we will significantly advance the SUN-VOLUTION also in China. Of course we will not make any quality concessions, as we will produce and sell the Plug & Save solar modules ourselves, which are highly appreciated in Europe."
The new EPC Company operates under the name TRESS Sun Invention Green Energy Ltd. and plans to realize PV-parks with an overall capacity of 417 MW in the upcoming 18 months. In the PV-parks the modules will be put to use which are produced in the joint venture plants by Sun Invention.
According to the analysts of NPD Solarbuzz the worldwide expansion of photovoltaic capacity in the first half of 2013 was at 15 GW, which is a total growth by 9 per cent. Over 60 per cent of the demand is generated in Germany, China, Japan and the USA. Simultaneously Sun Invention sees the development as a confirmation of the strategy which is based consequently on the generation of solar power in combination with a sustainable and worldwide presentation of its successful products.
"We make solar products intelligent and combine their distribution with our vision of an energy economy which is more just. That's why we are increasingly recognized as pioneers among the 2nd generation of the solar industry. We are proud to have the possibility to attribute to the energy transition together with colleagues and other manufacturers", says Nitsch.
The London-based company Sun Invention develops and sells intelligent and easy-to-use photovoltaic systems, enabling everybody to produce their own regenerative energy. With its Plug & Save Solar System the company developed one of the most innovative solar modules of the world, integrating an inverter, a controller and even a battery unit. Plug & Save systems can easily be mounted on the balcony, in the yard or on the house front. Users profit from a reduction of up to 25 percent of their electricity cost be installing a Plug & Save system with six modules and three storage units.