Sineng Electric and ib vogt Sign the Framework Agreement to Strengthen Collaboration

2023-06-27

Munich, Germany, June 26, 2023 -- Sineng Electric, a world-leading supplier of advanced energy solutions, proudly announced the strategic partnership with ib vogt, a renowned investor, utility-scale developer and EPC provider in Europe’s dynamic renewable energy sector. The signing of a framework agreement between the two companies signifies a leap towards a future brimming with mutual prosperity and plays a significant role in contributing to Germany’s ambitious climate neutrality target.

During Intersolar Europe 2023, Sineng Electric and ib vogt solidified their alliance by officially signing the agreement which sets out the terms for further cooperation. This includes the provision of string inverters for ib vogt’s project pipeline in Germany and Spain.

With a focus on the investment in R&D, in-depth market trend analysis, and robust support from the local team, Sineng Electric serves as a catalyst for accelerating the deployment of top-notch energy solutions to meet Germany's soaring demands for clean energy.

"This year, Sineng Electric and ib vogt will embark on an extraordinary journey, commencing with a 120MW pipeline program in Germany and Spain, powered by Sineng's cutting-edge SP-275K-H1 string inverters," stated Qiang Wu, Chairman of Sineng Electric. "The innovative products achieve a remarkable maximum Euro efficiency of 99.0% with 12 MPPTs and ensure reliable operation for the comprehensive protection design. We are thrilled about our partnership with ib vogt and look forward to delivering superior products to our customers."

Patrick Zenker, Global Procurement Director at ib vogt, also expressed by affirming: "We believe that this alliance has great potential to spark a surge in order volume, with Sineng’s dedication to both product quality and enhanced customer satisfaction. Together, we are poised to conquer industry challenges and emerge as trailblazers."

By delivering cost-effective, reliable, and tailor-made energy solutions that cater to diverse scenarios and user requirements, Sineng is to unleash the full potential of its state-of-the-art products and solutions, creating immense value as we collectively shape a greener and more eco-friendly future.

About Sineng

Sineng Electric Co., Ltd. is the global leading supplier of a comprehensive product portfolio including PV inverters and energy storage systems for utility-scale, commercial & industrial, and residential applications, as well as power quality products.

By establishing four R&D centers and leveraging top-notch resources, Sineng's unwavering commitment to technological innovation has enabled more people to access cost-effective, reliable, and sustainable energy. After the three global manufacturing bases being put into operation, the annual production capacity can now reach 40GW. Known for the engineering excellence, rigorous testing standards, and consistent quality, Sineng is a market leader in the industry and ranks Top 8 in the global PV inverter market share.

Providing a wide range of solutions and services across the globe, Sineng is playing an important role in accelerating the global energy transition, striving to build a greener future.