SolarEdge Strengthens Business Position in India with New Office and Leadership
April 06 2017 - 9:00AM
Business Wire
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a
global leader in PV inverters, power optimizers, and module-level
monitoring services, is expanding its business in the Indian PV
market with a new country manager, office, and recruitment of a
local team. As a leading global PV inverter company, SolarEdge is
already active in the Indian PV market and is now looking to expand
its footprint in the region.
With new offices located in Bangalore, SolarEdge has created a
new entity, called SolarEdge Technologies (India) Private Limited,
in India. As part of developing a local team of PV experts,
SolarEdge has appointed Shashidhara B V, a veteran in the renewable
energy industry, as Head of SolarEdge India. Having worked in the
field of photovoltaics and telecommunications, Shashidhara B V is
tasked with growing SolarEdge’s business in the country with a
focus on developing the market, building a distribution network,
and forming a local professional support organization.
“The Indian solar energy segment is considered to be a market
with one of the fastest growth potentials in the world due the
country’s ever-increasing demand for energy,” stated Guy Sella CEO,
Chairman, and Founder of SolarEdge. “With our global experience,
innovative solutions, and dedication to developing a local
presence, SolarEdge is well poised to support the Indian PV market
in its rapid growth.”
“I am excited to join SolarEdge, a global leader in PV inverter
technology, which is positioned to become a leading player in the
Indian market,” stated Shashidhara B V. “Increasing energy
production from module-level optimization, improving O&M with
pinpointed monitoring and remote troubleshooting, and enhancing
safety feature, SolarEdge’s solution offers the Indian market great
promise for advancing the local PV market.”
Addressing a broad range of solar market segments, from
residential to commercial and small utility-scale PV installations,
the SolarEdge solution consists of inverters, power optimizers,
storage solutions, and a cloud-based monitoring platform. The
SolarEdge system enables superior power harvesting and module
management by deploying power optimizers to each PV module while
maintaining a competitive system cost by keeping the AC inversion
and grid interaction centralized using a simplified DC-AC inverter.
SolarEdge’s commercial solution offers improved bottom line and PV
asset management by reducing BoS Costs, allowing more modules to be
installed on the roof, module-level monitoring and remote
troubleshooting. SolarEdge also offers support for the commercial
PV project life cycle, including project design and pre-sale,
project execution, and O&M support.
About SolarEdge:
SolarEdge provides an intelligent inverter solution that has
changed the way power is harvested and managed in solar
photovoltaic systems. The SolarEdge DC optimized inverter system
maximizes power generation at the individual PV module-level while
lowering the cost of energy produced by the solar PV system. The
SolarEdge system consists of power optimizers, inverters, storage
solutions, and a cloud-based monitoring platform and addresses a
broad range of solar market segments, from residential solar
installations to commercial and small utility-scale solar
installations. SolarEdge is online
at http://solaredge.com/
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version on businesswire.com: http://www.businesswire.com/news/home/20170406005662/en/
SolarEdge TechnologiesDanya Golan, +972-52-6263348Senior
Director of Marketingdanya.golan@solaredge.com
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