A top executive from Enphase Energy stated on Monday that Enphase Energy is aiming for a 10% market share in the domestic residential rooftop solar industry over the next two years. Enphase Energy, a provider of microinverter-based solar plus storage systems, has opened a factory in Sriperumbudur, near here, in collaboration with high-precision manufacturer Salcomp.
With an annual capacity of more than six million units, the Chennai unit has become the country’s largest solar inverter maker. Micro-inverters are manufactured at the plant and delivered to a variety of markets, including the United States and Europe.
Mr. Manoj Gopalan Nair stated, “Enphase Energy India currently has a market share of four percent in the Indian residential rooftop solar market. We are looking to gain a 10 percent market share in the next two years.”
Further, He said, “We strongly believe that Enphase IQ Microinverter’s burst mode technology, rapid shutdown, high reliability and safety, and superior performance will drive faster market adoption.”
Sunil Thamaran, The Vice President and Managing Director of Enphase Energy, said “The company sees tremendous development potential in India and has teamed with Salcomp to help the country grow both locally and internationally.”
“From this (Chennai) plant, we have exported millions of microinverters to North America, Europe, and Asia. Furthermore, India employs roughly 60% of Enphase Energy’s global workforce “Added he.
Green energy has been the focus of attention globally for a sustainable future, according to Salcomp India’s MD, Sasikumar Gendham.
“Enphase is a major player in this industry, and Salcomp is honored to be their manufacturing partner. India has taken a significant stride toward promoting green energy product manufacturing. This would help the electronics manufacturing ecosystem to grow even faster…, “he stated further.
“Salcomp is committed to being a key player in solar energy and other green energy efforts, as well as supporting the Government of India’s Make in India initiatives,” he added.
Enphase Energy claims to have shipped over 42 million micro-inverters and 1.9 million Enphase-based systems to customers in more than 130 countries.
As Ornate Solar is the official distributor of Enphase Energy, you can connect with us to get the best prices of the Enphase microinverters ( IQ7A & IQ7+). We are the official partner of Enphase microinverters in India.
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Resource: Mercom India