Sineng Electric Forges a Strategic Partnership with FiberX and Signs the 90MW Agreement in Brazil

With solar energy accounting for a noteworthy 12% of Brazil's electricity generation, this partnership holds immense potential which will facilitate the adoption of Sineng's 3-350kW solar inverters across diverse scenarios, including residential, commercial, and utility applications.

An achievement of this partnership was recently unveiled through a distribution agreement. Working in tandem with FiberX, Sineng Electric has inked a deal to supply its 250kW string inverters to the 90MW PV project developed by CEMIG SIM which is the largest electricity distributor in Brazil. Covering more than 106 hectares, the plant is expected to generate about 150,000 MWh of renewable energy annually, meet the needs of 50 thousand residents, and reduce CO2 emissions by around 39 thousand tons per year.

In the words of Jianfei Li, Vice President of Sineng Electric, "Through the collaboration, we expect to amplify our brand influence, showcase all-scenario solutions, and extend our reach across Latin America. Our mission is to drive energy transformation, ultimately minimizing carbon footprint."

Paulo Andrade, Vice President of FiberX Renováveis, explained: “We are very excited about the project and the profound impact it will have on both the environment and society. We believe that this is an important step towards renewable energy growth in the country."

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, and residential applications. With four R&D centers, 40GW annual production capacity and top-notch resources, Sineng's unwavering commitment to technological innovation has enabled more people to access cost-effective, reliable, and sustainable energy.

About FiberX

FiberX is a distributor in the Brazilian information and communication technology market. Over the years, FiberX has gained prominence in sectors such as telecom, utility, infrastructure, government, renewable energy, specialized training, and services, due to its technology integration capability. It is recognized in rankings such as EXAME magazine's Business Expansion and Amanhã magazine's 500 Largest Companies in the South.