KSTAR Residential Inverters Installed in Vietnam in 2019
To promote renewable energy and help use the cost-effective electricity in Vietnam, KSTAR provides smart PV solutions for homes and businesses.
KSTAR inverter KSG-5K-DM is launched recently for the Vietnamese market to meet the requirements of the local residential in Bien Hoa City, Dong Nai Province, Vietnam. For the PV installations, this provides a special 2MPPT solution, which is reactive power controller, digital controller, P65 protection and smaller and lighter. The residential PV project is a new step into the new energy market in Vietnam, but will continue to expand in the near future.
Vietnam is a 2019’s surprise gigawatt market, whose solar growth is very impressive into the next decade, like high solar irradiation levels and strong policy support. The government is targeting 12 GW of solar capacity by 2030 and is offering incentives to attract foreign investors. Such policy support will make Vietnam an attractive prospect, according to PV-Magazine report.
Vietnam is an important market for KSTAR. To make solar power more accessible, KSTAR has announced the formation of a wholly owned sub-subsidiary, Kstar (Vietnam) Co., Ltd, in Anyang County, Haiphong City, Vietnam through its wholly-owned subsidiary, Kstar (Hong Kong) Co., Ltd. with a registered capital of 5 million US dollars on 24th August,2019. KSTAR (Vietnam) Co., Ltd will devote to the R&D, production, sales and technical support of data center and solar inverters. The company will occupy 47,715.34 square meters of land.
