STS News

Dec 2022

2022, A Year of Transformation!

“The year 2022 is coming to an end. The solar and storage sector continued to grow despite being challenged with new trade restrictions and investigations, and price fluctuations. The increase in supply chain transparency and ESG requirements, the constitution of working groups and the improvements from the main industry players – manufacturers, buyers and advisors – demonstrates that the industry is able to adapt and become more resilient and sustainable.

In that context, STS has accelerated the development and delivery of new audits and inspections services directly addressing needs for traceability and ESG assessment. We increased our inspection and audit footprint with, in particular, a larger team in India to support the growth in demand for Indian-made PV modules.

Following our mission to support buyers in making fast and educated decisions, we boosted our advisory services and supported utilities, developers, EPCs and distributors in North America, Europe, India, Middle-East and Asia Pacific. We delivered more due diligence services than ever before to assist companies looking into new suppliers but also at opportunities to invest, establish or acquire solar manufacturing facilities. And through our Sustainable Supply Chain Program, we continued to share knowledge, market intelligence and best practices to industry players worldwide.

To us at STS, 2022 was exciting, challenging and rewarding. Nothing could have been done without the dedication of our team now present in 11 countries, and without our clients who rewarded us with an amazing 94 Net Promoter Score this year! Having established STS nearly 13 years ago, I couldn’t be prouder of this turn out and of our team!

Yet, we have more to bring to our partners and employees in 2023 as we keep innovating in our field of expertise and as we continue to strengthen our group. And we have a lot in the making! So, stay tuned, and on behalf of all of us at STS, we thank all our partners for continuously supporting us, and wish you a great start into 2023!”

Alexandre Minuzzo
President, STS