Sineng Electric and DEC International Join Forces to Drive Global Renewable Energy Growth

Shanghai, China, June 18, 2024 — Sineng Electric has recently formed a strategic partnership with Dongfang Electric International Co., Ltd. (“DEC International”), a prominent Chinese state-owned power equipment manufacturer, to drive innovation and growth in the global renewable energy sector. The partnership was formally established during a signing ceremony held on the opening day of SNEC PV Power Expo 2024 in Shanghai, which was attended by esteemed leaders and representatives from both companies, including Chunming Yang, Vice President of Sineng Electric, and Zhenping Sun, Deputy General Manager of DEC International.

Under the terms of the agreement, Sineng Electric and DEC International will leverage their collective strengths to improve supply chain management and deliver safer, more reliable, and energy-efficient solutions to global customers. Additionally, this strategic alliance aims to intensify cooperation in marketing, business operations, financing, project construction, and other key areas.

In recent years, Sineng Electric has been optimizing its globalization strategy, achieving significant milestones by expanding into new markets. With successful projects in North America, Europe, the Middle East, South America, and the Asia-Pacific region, Sineng Electric has achieved widespread recognition from key market stakeholders. “Today's agreement is of great importance in our journey towards fostering innovation in the renewable energy industry," said Chunming Yang, Vice President of Sineng Electric. "We look forward to a fruitful collaboration with DEC International, which will undoubtedly yield substantial benefits for both parties."

Zhenping Sun, Deputy General Manager of DEC International added, "This partnership epitomizes our shared vision for a greener future. By combining efforts, we are poised to contribute to socio-economic development and accelerate the adoption of renewable energy solutions.”

Looking ahead, Sineng Electric remains committed to technological advancements and will continue to introduce comprehensive and efficient products that drive the green transition.

About Sineng

Sineng Electric is a global leading supplier of a comprehensive product portfolio including PV inverters and energy storage systems for utility-scale, commercial, 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 innovations has enabled more people to access cost-effective, reliable, and sustainable energy. After the three global manufacturing bases were put into operation, the annual production capacity reached 50GW. Currently, Sineng has earned recognition as a BloombergNEF tier 1 PV inverter maker and has maintained its position among the global Top 10 PV inverter suppliers for 10 cons