Sungrow and ICBC (Thai) Leasing Enhance Renewable Energy Collaboration

Sungrow, a leading provider of photovoltaic (PV) inverters and energy storage systems, has announced an enhanced partnership with ICBC (Thai) Leasing to accelerate the adoption of renewable energy in Thailand. The announcement, made on December 18, 2025, highlights the companies’ commitment to leveraging technological expertise and green financing to foster a more resilient energy infrastructure in the region.

The partnership builds upon a series of successful initiatives undertaken over the past year. Sungrow and ICBC (Thai) Leasing collaborated on numerous public welfare activities across various provinces, including Bangkok, Chiang Mai, Khon Kaen, Udon Thani, and Chonburi. These events, which included renewable energy workshops, seminars on green energy, and discussions on industry trends, engaged tens of thousands of participants from local universities, communities, and industrial parks.

Strengthening Local Engagement and Talent Development

The collaborative efforts have reached two universities, two institutions, and two communities in Thailand, significantly contributing to local talent development and raising awareness of renewable energy solutions. A representative from Sungrow remarked, “Thailand is one of our most important markets in Southeast Asia. We are committed to making renewable energy accessible and scalable in the country through ongoing investment in technology innovation, customer service, and social welfare programs.”

Financial assistance is crucial for advancing renewable energy projects. As part of this collaboration, ICBC (Thai) Leasing has introduced a new energy financing lease policy designed to offer flexible financing options. This policy targets commercial and industrial users, schools, and small to medium-sized enterprises (SMEs), allowing them to make lower upfront investments while securing stable energy costs. This initiative aims to significantly enhance the feasibility of adopting renewable energy solutions for local businesses.

Impact on Thailand’s Energy Transition

The partnership marks a notable advancement in both companies’ efforts towards green development, aligning closely with the Thai government’s long-term strategies for renewable energy deployment and achieving net-zero emissions. Sungrow has established a strong presence in Thailand over the past decade, achieving significant milestones with over 4 GW of inverter installations and more than 546 MWh of energy storage systems installed across the nation.

Looking ahead, Sungrow and ICBC (Thai) Leasing plan to deepen their collaboration in green finance, talent development, and industrial demonstration projects. Their objective is to create more benchmark achievements in the energy sector, thereby contributing to the optimization of Thailand’s energy structure and promoting low-carbon development.

Sungrow, a global leader in renewable energy technology, has been pioneering sustainable power solutions for over 28 years. As of June 2025, the company has installed 870 GW of power electronic converters worldwide, earning recognition as the most bankable PV inverter and energy storage firm according to BloombergNEF. With a commitment to bridging a sustainable future through cutting-edge technology and exceptional service, Sungrow continues to play a vital role in the global transition to renewable energy.

For more information about Sungrow, please visit: www.sungrowpower.com/en.