PRESS RELEASE
MUMBAI, India – Dec. 4, 2017 – Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, today announced the opening of its first R&D center in Bangalore, India to establish a best-in-class technology development center.
India is powering the growth of solar with its ambitious targets for clean energy and is expected to be ranked as the world’s third largest solar market in 2017.
Enphase plans to support this rapid growth with the opening of its Bangalore R&D center, where it will also offer employment opportunities for engineering, operations, marketing, sales, and customer support personnel to meet the needs of its customers worldwide.
“I am pleased to announce our first R&D center in India, which is an important part of our overall global strategy,” said Badri Kothandaraman, president and CEO of Enphase Energy.
“The abundant engineering and technology talent in India not only fits well with Enphase’s core of product innovation, but also helps us in operational excellence to achieve our 30-20-10 financial operating model.
We are bullish about the region’s growth potential due to its ever-increasing demand for clean energy, and look forward to working with our customers, partners and module manufacturers to deliver innovative solutions.”
“This strategic expansion in India is very exciting for Enphase,” said Sunil Thamaran, vice president and managing director of Enphase India. “We are pleased to be developing a highly skilled team that will span Enphase’s end-to-end operations, supporting both the growing local and worldwide demand for our products, services and customer support.”
India has a mature R&D ecosystem that includes many renewable energy companies with more than 20 years of business in the region.
Enphase Microinverters, as promoted through the Company’s Made for India campaign, are designed and proven to operate for decades in harsh climates such as India’s. Enphase offers the most advanced inverter technology on the market with higher production, greater reliability and intelligence.
With Enphase Microinverters, installers can reduce their installation and maintenance costs and bring greater value to their customers.
To learn more about Enphase Energy’s technology and the ways it is suited for the Iocal solar market, visit us at Redington India Ltd.’s Booth #1010, and Waaree Energies Ltd.’s Booth #1414 at Intersolar India, from Dec. 5 to Dec. 7, 2017 at the Bombay Convention & Exhibition Centre in Mumbai, India.
