SolarEdge Strengthens its Position in the Utility PV Market with the Commissioning of a 77MW Ground Mount System in Taiwan

Utility PV system converts 300-year-old salt drying pool into a huge DC-Optimized PV installation powering the equivalent of ~350,000 households

April 21, 2023 – SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today that  commissioning has been completed on a 77MW utility ground mount installation on the foothills of Qigu Salt Mountain, Taiwan.

Converting a 560 000 square meter Taiwanese salt drying pool with a 300 year history, into one of the world’s largest DC-Optimized PV installation known to-date, the 77MW utility ground mount installation saves 53,000 tons of carbon emissions each year, the equivalent of powering approximately 350,000 households each year in cities like Oslo or San Francisco. The system is comprised of 22,800 PV modules that are connected to M1600 Power Optimizers and integrated to SolarEdge Three Phase 100KW Inverters with Synergy Technology, with the systems’ performance and operation managed by SolarEdge’s module-level Monitoring System.

SolarEdge’s innovative DC-optimized technology maximizes the energy yield, especially in large-scale sites suffering from module mismatch. The monitoring’s pinpointed alerts enable less site visits, fewer truckrolls, real-time notifications, potentially saving the site approximately 40-50% in Operations and Maintenance costs.

Daniel Huber, General Manager Rest of World, at SolarEdge, said: “The Asian utility PV market is advancing and we are witnessing a growing potential for MLPE technology in this market as it is highly beneficial for customers in sites of these scales. SolarEdge’s technology is field-proven to support this growing market by improving the economics of utility installations through scalable DC-optimization.”

SolarEdge is expanding its DC-optimization offering to the utility-scale market with the unveiling of a new 330kW utility inverter alongside SolarEdge’s new solar tracker solution.

About SolarEdge

SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions. SolarEdge is online at www.solaredge.com