Sungrow Signs 500 MWac Contract with Mercury Renew to Supply PV Inverter Solutions to the Helio Valgas Solar Park in Brazil

SAO PAULO,March 31,2022 --Despite the Covid-19 pandemic,the Solar Energy market continues to proliferate in Brazil. In addition to the aggressive targets for slashing carbon emissions signed in the Paris Agreement,the Brazilian market is optimistic about the profitability of investing in PV energy in the face of the crisis,especially with the Free Energy Market (PL 1917/15) already in final approval stage.

Sungrow recently closed a 500 MWac PV inverter solution supply contract with Mercury Renew,part of the Comerc Energia Group,specializing in the generation and management of renewable energy. Sungrow's SG3125HV-30 central inverter solutions will be supplied for the construction of the Helio Valgas PV plant in Varzea da Palma,Minas Gerais,with capacity of 650 MWp. The clean energy produced will be destined to meet large companies' demand in the free energy market,without state price regulation.

"Helio Valgas is the largest project in our portfolio,and when it becomes operational,it will annually inject more than 1,300 GWh of clean power into the SIN (National Interconnected System),contributing to the generation of income in the region and to the sustainable development of our country," says Mercury Renew's CEO,Pedro Fiuza.

Sungrow's SG3125HV-30 central inverter solution for 1500Vdc systems,features an unmatched efficiency of 99% making it ideal for utility-scale applications. They will be supplied with the complete medium voltage solution SG6250HV-MV (Turnkey Solution),which integrates a medium voltage transformer,switchgear,and all automation into a 40-ft container; thus,significantly streamlining the transportation and O&M. Compatible with bifacial modules and tracking systems,the solution allows considerable yields.

As an early entrant into the Latin American solar industry,Sungrow has a strong local team offering comprehensive sales,technical support,and after-sale service. With about 5 GW already supplied to Latin America,the Company is prepared to take a further step towards local decarbonization.

About Sungrow

Sungrow Power Supply Co.,Ltd. ("Sungrow") is the world's most bankable inverter brand with over 224 GW installed worldwide as of December 2021. Founded in 1997 by University 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 and EV charging station solutions.With a strong 25-year track record in the PV space,Sungrow products power installations in over 150 countries. Learn more about Sungrow by visiting: www.sungrowpower.com.