Enphase Energy Expands in India with New Account Manager and Distribution Partners
August 07 2017 - 9:00AM
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology
company and the world’s leading supplier of solar microinverters,
announced today that the Company has appointed a strategic account
manager in India, added Sun-AP Ecopower and Redington as new
distribution partners and established a direct presence in Chennai
to manage future growth in India.
Enphase has invested in a direct presence in Chennai with the
appointment of Venkata Mukundarajan as its strategic account
manager for India. Mukundarajan will be responsible for driving
distribution partnerships, supporting business development and
expanding the preference for Enphase microinverters amongst
installers.
Redington is one of India’s largest distributors for technology,
telecommunications and lifestyle products. Its Solar Equipment
Group offers solar photovoltaic products to installers. Sun-AP
Ecopower, a solar distribution company provides design, engineering
and project management advice for residential, institutional and
commercial users.
“India is powering the growth of solar with its ambitious
targets for clean energy and it is one of the most exciting markets
in Asia for Enphase,” said Nathan Dunn, managing director of
Enphase Asia-Pacific, “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.”
“Customers are willing to invest in quality solar products, and
Enphase’s microinverter technology continues to lead the solar
industry, said Pradeep Srikanthan, vice president, Solar Equipment
Group of Redington. “Redington is pleased to be representing
Enphase as part of our commitment towards distributing quality and
technologically advanced solar products through our network of more
than 500 channel partners in India.”
Srinivas Kumar, CEO and founder, Sun-AP Ecopower said, “Sun-AP
Ecopower is pleased to distribute Enphase microinverters in India.
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.”
Enphase microinverters offer the most advanced inverter
technology on the market with higher production, greater
reliability and intelligence. Installers can get better performance
and smarter insights with Enphase microinverters as they are simple
to install, designed for flexibility and lead the industry with
their reliability. With Enphase microinverters, installers can
reduce their installation and maintenance costs and bring greater
value to their customers.
The adoption of solar power is accelerating in India with the
launch of the Jawaharlal Nehru National Solar Mission, an
initiative by the Government of India in 2010. The Mission has set
a target to deliver 100GW of its energy from grid connected solar
power projects of which 40 GW is expected to come from rooftop
solar by 2022.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers
smart, easy-to-use solutions that connect solar generation, storage
and management on one intelligent platform. The company
revolutionised solar with its microinverter technology and produces
the world’s only truly integrated solar plus storage solution.
Enphase has shipped approximately 14 million microinverters, and
more than 620,000 Enphase systems have been deployed in more than
100 countries. For more information, visit www.enphase.com.
Enphase Energy®, the Enphase logo and other trademarks or
service names are the trademarks of Enphase Energy, Inc.
About Redington
Redington, commencing its Indian operations in 1993, is today
positioned as the largest Supply Chain Solution Provider in
emerging markets. As a group, Redington is present in India,
Middle East, Africa, Turkey, Srilanka, Bangladesh, Singapore and
CIS countries. Redington provides end-to-end supply chain solutions
for all categories of Information Technology products (PCs, PC
building blocks, networking, software and enterprise solution
products) and Consumer and Lifestyle products (Telecom, Digital
Lifestyle products, Entertainment products and Digital Printing
Machines) to over 200 international brands and relationships with
major brands have been for years.
About Sun-AP Ecopower
Sun-AP Ecopower is leading and enabling solar system
integrators and installers to implement and adapt the latest in
solar technology for solar photovoltaic modules and inverters with
high quality balance of system components to enable get maximum
reliability, sustainability and cost effectiveness for installation
of solar power plants for residential, institutional and commercial
users.
Forward-Looking StatementsThis press release
may contain forward-looking statements, including statements
related to Enphase Energy's financial performance, release dates
for new products, market demands for its products, and advantages
of its technology and market trends. These forward-looking
statements are based on the Company's current expectations and
inherently involve significant risks and uncertainties. Actual
results and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of these
risks and uncertainties and other risks detailed in the "Risk
Factors" and elsewhere in Enphase Energy's latest Securities and
Exchange Commission filings and reports. Enphase Energy undertakes
no duty or obligation to update any forward-looking statements
contained in this release as a result of new information, future
events or changes in its expectations.
Contact:
Olivia Smith
Communications Manager APAC
Enphase Energy, Inc.
osmith@enphaseenergy.com
+61 402 044 811
Enphase Energy (NASDAQ:ENPH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Enphase Energy (NASDAQ:ENPH)
Historical Stock Chart
From Sep 2023 to Sep 2024