Berde Renewables with Sungrow Power and Solar Hive Launch 200MW Solar and 500MWh Battery Storage Partnership in Southeast Asia

MANILA, Philippines, 7 July 2026 — Leading energy developer Berde Renewables, a portfolio company of global infrastructure investor I Squared Capital, has partnered with Sungrow Power, one of the world’s leading inverter, energy storage, and solar tech companies, and its authorized regional distributor, Solar Hive, to help businesses in the Philippines and Thailand transition to cleaner, more reliable, and more cost-efficient energy.

At the center of the partnership is a Master Framework Agreement (MFA), under which Berde will procure 200MW of solar inverters and 500MWh of Battery Energy Storage Systems (BESS) over the next three years for projects across both markets.

“This partnership gives Berde the scale, technology, and regional support to deliver clean energy solutions with greater speed and confidence across the Philippines and Thailand,” said Patrick Zhu, Chief Executive Officer of Berde Renewables.

Zhu added, “The combination of 200MW of solar and 500MWh of battery storage is a major step forward for our business and a meaningful milestone, especially for battery storage in the Philippines as demand grows for more flexible and resilient energy solutions.”

Through the partnership, Berde will tap Sungrow’s inverters, battery storage, EV charging, and smart energy technologies, while Solar Hive will provide regional logistics, spare parts, technical support, and after-sales service across the Philippines and Thailand.

“Sungrow, as the globally leading PV inverter and energy storage system provider, is confident it will help Berde Renewables accelerate the deployment of reliable, high-performance clean energy across Southeast Asia,” said Michael Ruan, Regional Director for Southeast Asia at Sungrow Power.

“As Sungrow Power’s regional distribution partner, Solar Hive is committed to supporting Berde’s solar business development in the Philippines and Thailand through our distribution network and fast after-sales service. We hope this 200 MW / 500 MWh milestone serves as a springboard for expanding our collaboration across other parts of Southeast Asia,” said David Zhang, Head of Sales and Business Development at Solar Hive.

The companies will also work together on technical training and certification, joint market development, stakeholder engagement, and potential co-investment and vendor financing opportunities for selected projects.

Scaling solar and storage across Southeast Asia

The partnership further strengthens Berde’s ability to help Philippine businesses reduce energy costs. With priority access to Sungrow’s latest factory-new equipment and a streamlined regional supply chain, projects for Philippine and Thai businesses can move faster from contract signing to commissioning.

The 500MWh battery storage commitment strengthens Berde’s position in supporting a grid that increasingly requires greater stability, especially in the Philippines. It enables Berde to offer its customers not just cost savings, but grid stability services and daytime-to-evening load shifting.

Under its Power Purchase Agreement model, Berde finances, builds, owns, and operates the solar assets of its customers during the contract term, with ownership transferred to the customer at the end of the agreement.

About Berde Renewables Inc.

Berde is a leading Philippine-based renewable energy developer with operations in the Philippines and Thailand. Its three core business lines are behind-the-meter commercial

and industrial solar, embedded generation for electric cooperatives, and the acquisition and development of clean energy projects. It is backed by I Squared Capital, a global infrastructure investment firm founded in 2012 that manages more than US$60 billion in assets, with a focus on power and utilities, transport, digital infrastructure, environmental systems, and social infrastructure.

About Sungrow Power

Sungrow Power Supply Co., Ltd. is a global leader in solar PV inverters, battery energy storage systems, EV chargers, and smart energy management solutions, with cumulative installations exceeding 1,000 GW of power electronic converters worldwide.

About Solar Hive

Solar Hive Pte. Ltd. is Sungrow’s authorized regional distributor and after-sales service partner across Southeast Asia, with operations and warehousing in Singapore, the Philippines, Thailand, and other regional markets.