Grace Solar's impressive result in the first half of 2023, and the authoritative media the Arctic Star Solar PV Network made a special report

Publish Time:2023-08-11 Sources:

The global energy transition is accelerating, and the photovoltaic (PV) industry is entering a golden period. During the first half of this year, Grace Solar's PV mounting business experienced rapid growth. The authoritative media outlet, the Arctic Star Solar PV Network, interviewed Li Ruoying - General Manager of Grace solar on the topic of Business growth achievements. The interview mentioned that "full-scenario empowerment" is an essential engine to drive business growth, meanwhile "putting customer satisfaction first, focusing on user experience" is a vital magic weapon to maintain and develop customers.

Here is a partial summary of the interview article:

Grace Solar is in line with the international market development trend, continuously advancing its business in Latin America, the Middle East, and Southeast Asia. In the first half of 2023, Grace Solar has achieved 70% of the performance from the entire previous year, marking a 30% growth compared to the same period last year. In the fiercely competitive European market, Grace Solar's performance also steadily increased by 40% from January to June, with the order volume from the top 5 partners exceeding twice the volume of the entire previous year.

Having deeply cultivated the PV mounting field for over a decade, Grace Solar has realized full-scenario applications such as residential, commercial, and ground-mounted solar installations. In new application scenarios, there is a strong demand for solar farms and carports. Grace Solar has actively established its presence in these areas, with the GS-Smart Farm Mounting System and GS-Smart Carport Mounting System widely used in Japan. Among them, the GS-Smart Carport Mounting System has also obtained authoritative JIS certification in Japan. Additionally, Grace-Roof Mounting System has gained recognition among users in Europe.

In the course of the conversation, the Arctic Star Solar PV Network discovered that Grace Solar consistently places customers’ requirements and experience as top priorities. Li Ruoying introduced that when Grace Solar's R&D team engages with projects, after presenting a solution, they also consider aspects such as cost reduction, enhanced power generation efficiency, and improved installation efficiency. They propose multiple optimized ideas and solutions for clients to choose from. Guided by the principle of "customers first," Grace Solar has continued to steadily progress through multiple rounds of market testing.

In the latter half of this year, PV industry chain prices have returned to rational levels, with module prices generally maintaining around CNY1.2 per watt. This will further stimulate market demand. Moreover, as offshore PV projects are planned and initiated, the range of PV application scenarios will broaden. Internationally, the trend of distributed PV installations in Brazil continues, and markets in India, Germany, and Spain also exhibit outstanding performance. This presents ample development space for mounting companies. Grace Solar will continue to innovate, introducing various solutions to meet the new demands of different scenarios.