Energetica India nº91 July August 2020

ries, an entertainment venue, an exhi- bition hall, warehouses, a freight centre and advanced, integrated production lines. Its annual output is expected to be around 10 GW and we plan to move in by the end of the year. E nergetica I ndia : How much percentage of your revenue do you invest in the R&D infrastructure every year? L isa Z hang : Growatt is an enterprise of technologies, and tech innovations are in our blood. We highly value the invest- ment in R&D, and each year we invest 10%, a high proportion of our revenue in product and technology innovations. We invest in infrastructure at different stages. E nergetica I ndia : What are the current and future target markets for Growatt and in which segments rooftop, C&I, utility etc? L isa Z hang : Our focus is still on the dis- tributed generation market such as res- idential and commercial rooftop solar where we have huge advantages. In 2019, according to the report released by IHS Markit, we ranked third in glob- al shipments of single-phase inverter, fifth in three-phase string inverter and in Asia, we are No.1 in residential in- verters. It all shows our advantages and leading position in DG solar, and in the future, we’ll continue to strengthen our position in the segment. However, this year we are launching 1500V large power inverter as we look to extend our strength in string inverters and provide premium products for ground-mounted solar plants. E nergetica I ndia : What do you think, in future which technologies will likely to lead the inverter market? L isa Z hang : Solar + storage as well as smart energy management and energy efficiency is the future for solar PV. Solar storage has been growing robustly in Europe and Australia. We’ve launched the GroHome solution including, smart meter, smart switch, smart thermostat. With the GroHome solution, users can turn on the air conditioners or water heaters remotely by loging onto APP. The GroHome solution provides home- owners a combination of intelligent solar energy generation with energy efficien - cy. It reduces the household’s overall energy consumption while increasing self-consumption of PV power. E nergetica I ndia : Any specific plans for Indian market? Your market USP against peers? L isa Z hang : For the Indian market, first we focus on rooftop solar. In 2019, we are the No.1 inverter supplier for India rooftop solar plants. We’ll continue to provide premium products with high price performance for Indian market. We’ll continue to build a local team in India and provide localized marketing, warehousing and service. We hope to contribute to the development of solar energy in India and provide clear and convenient access to clean smart ener- gy for Indian customers. - Manu Tayal energetica INDIA- July-Aug_2020 17 INTERVIEW