A global energy technology company and microinverter supplier, Enphase Energy, opened its first Indian research and development (R&D) center in Bangalore, Karnataka, on December 3, 2017.
According to Enphase, India is powering the growth of solar with its ambitious targets for clean energy and the country is expected to be ranked as the world’s third-largest solar market in 2017. Enphase plans to support this rapid growth with its Bangalore R&D center, where it will offer employment opportunities for engineering, operations, marketing, sales, and customer support personnel to meet the needs of its customers worldwide.
The abundant engineering and technology talent in India not only fits well with Enphase’s core of product innovation, but also helps in operational excellence to achieve a 30-20-10 financial operating model. They are bullish about the region’s growth potential due to its ever-increasing demand for clean energy.
With this move the company has firmed up its plans for expanding into the Indian market. This is the second major investment by Enphase in India.
In August 2017, Enphase made its first investment when it established offices in Chennai. A month later, in September 2017, Enphase formed a partnership with Waaree Energies, an Indian module manufacturer and an engineering, procurement, and construction (EPC) contractor to develop AC solar modules for the Indian market.
Recently, Enphase partner RenXSol Ecotech finished installing 2,858 Enphase microinverters at a 1 MW captive solar project in Bangalore. The installation is Enphase’s largest in the Asia-Pacific region and one of its largest globally.