Sungrow Signs a 500 MW PV Inverter Distribution Agreement with SOL+ Distribuidora in Brazil

SAO PAULO,Jan. 20,2023 --Sungrow,the global leading inverter and energy storage system solution supplier,and SOL+ Distribuidora,the new business of Holding SOL Copérnico,announcedthat they have entered an official distribution partnership for the Brazilian market. SOL+ will distribute500 MW of Sungrow's PVinverters throughout Brazil,with guarantee,support,and local technical assistance.

With a broad portfolio of solutions for the Brazilian distributed generation market,Sungrow is committed to extending its leadership and has already consolidated for three-phase inverters in the residential segment with single-phase inverters up to 10kW in 2023.

Under thenew partnership,SOL+ becomes a Distribution HUB for Sungrow in Brazil,with local stock for the prompt delivery of the entire inverterportfoliofor the micro-and mini-distributed generationsolar projects.

Joaquim Fernandes,Business Director at SOL+,said: "The partnership with Sungrow marks the beginning of an important step to facilitate thedevelopment of the distributed microgeneration market with premiumand cost-effective inverter solutions for resellers and integrators across the country. We will make more efforts to ensurean increasing number of communities are supplied with clean energy which will also consolidateSungrow's leadership in the field of residential inverters up to 10kW."

Rafael Ribeiro,Country Manager of Sungrow Brasil said: "Sungrow focuses on Brazil's local market through investing in its expansion,infrastructure,and human resources. Aiming at the residential market,we are structuring the distribution channel,forming a dedicated team,and establishing a strategic partnership with SOL+,which will collaborate with your expertise,strength,history and capillarity,leading Sungrow to excellence also in residential inverter."

About Sungrow

Sungrow Power Supply Co.,Ltd. ("Sungrow") is the world's most bankable inverter brand with over 269 GW installed worldwide as of June 2022. Founded in 1997 by Professor Cao Renxian,Sungrow is a leader in the research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale,commercial & industrial,and residential applications,as well as internationally recognized floating PV plant solutions,NEV driving solutions,EV charging solutions and renewable hydrogen production systems. With a strong 25-year track record in the PV space,Sungrow products power over 150 countries worldwide.Learn more about Sungrow by visitingwww.sungrowpower.com.

About SOL+

With the financial strength and tradition of a group with more than 180 years in the market,SOL+,the business front of Holding SOL Copérnico,combines the expertise of professionals with vast experience in the distribution market to a dynamic and innovative business model to guarantee its customers,in a simple,agile and uncomplicated way,the best experience in the distribution of solutions for the generation of solar energy in Brazil.