Enphase Energy Expands into India
August 10, 2017
Enphase Energy, a microinverter supplier for solar rooftop systems, has expanded into India and established offices in Chennai. The company appointed Venkata Mukundarajan in Chennai as its strategic account manager for India.
Venkata Mukundarajan will be responsible for driving distribution partnerships, supporting business development and expanding the preference for Enphase microinverters amongst installers.
The company has added local companies, Sun-AP Ecopower and Redington as new distribution partners in India.
The government of India’s installation target for rooftop solar is 40 GW by 2022, which would potentially be a big market for Enphase. However, according to Mercom’s India Solar Project Tracker, as of June 2017, only 1.08 GW of rooftop solar has been installed and rooftop installations make up just 7 percent of the total.
“The demand for high-quality and smart rooftop solar creates significant opportunities for us to expand in India. We are delighted to have Venkata join our team, and to be working with Redington and Sun-AP Ecopower. Together, they will help us cement our growth ambitions in this important region,” stated Nathan Dunn, MD, Enphase Asia-Pacific.
Customers are willing to invest in quality solar products, and Enphase’s microinverter technology continues to lead the solar industry, said Pradeep Srikanthan, VP, Solar Equipment Group of Redington. Redington has a network of more than 500 channel partners in India.
Srinivas Kumar, CEO and founder, Sun-AP Ecopower said, “We believe there is potential for Enphase to grow as our partners firmly believe there is a market for a smart microinverters that are simple and quick to install.”
During the second quarter of 2017, Enphase sold approximately 224 MW (DC) or 775,000 microinverters, an increase in MW of 39 percent compared to the first quarter of 2017.
Enphase announced restructuring in January and laid off 18 percent of the workforce. Enphase also lost its CEO this week who resigned after 10 years in the company.
Image Credit: Enphase Energy