ETtechChennai: Enphase Energy is looking to achieve a 10% share in the rooftop solar market in the next two years.
The microinverter-based solar-plus-storage systems supplier’s current market share is about 4%, it said.
The company has exported microinverters to North America, Europe, and Asia from the Salcomp SEZ plant, he said in a statement.
“Besides that, about 60% of Enphase Energy's global workforce is in India. We play a crucial role in designing and developing hardware and software components, which creates the solar-plus-storage-based energy management system," Thamaran added.
Enphase focuses on the residential and small commercial buildings space.
In India, the company has tied up with several builders and developers, including Brigade Group, IndiQube and Nambiar Builders.
In Tamil Nadu, there has been a spurt in enquiries, said Manoj Gopalan Nair, senior director of sales.
Enphase’s India manufacturing unit, set up in partnership with Salcomp in Sriperumbudur on the outskirts of Chennai, has an annual capacity of 6 million units, which are currently exported.
Localization of components is about 5% but is expected to touch over 50% in the next two years, according to the company.
The facility produces the Enphase IQ Microinverters which enhance solar energy output while making the entire solar energy system more reliable, efficient, and safer, the company said.
"India has taken a major step towards promoting the manufacturing of green energy products in the recent budget," Sasikumar Gendham, MD of Salcomp India, said. "This shall further strengthen the electronics manufacturing ecosystem to grow rapidly and support not only India, but the rest of the world."
The microinverter-based solar-plus-storage systems supplier’s current market share is about 4%, it said.
Enphase sees incredible growth potential in India and has partnered with Salcomp to provide an impetus both domestically and export-wise for the country, said Sunil Thamaran, VP and MD at Enphase Energy India.
The company has exported microinverters to North America, Europe, and Asia from the Salcomp SEZ plant, he said in a statement.
“Besides that, about 60% of Enphase Energy's global workforce is in India. We play a crucial role in designing and developing hardware and software components, which creates the solar-plus-storage-based energy management system," Thamaran added.
Enphase focuses on the residential and small commercial buildings space.
Discover the stories of your interest
In India, the company has tied up with several builders and developers, including Brigade Group, IndiQube and Nambiar Builders.
In Tamil Nadu, there has been a spurt in enquiries, said Manoj Gopalan Nair, senior director of sales.
Enphase’s India manufacturing unit, set up in partnership with Salcomp in Sriperumbudur on the outskirts of Chennai, has an annual capacity of 6 million units, which are currently exported.
Localization of components is about 5% but is expected to touch over 50% in the next two years, according to the company.
The facility produces the Enphase IQ Microinverters which enhance solar energy output while making the entire solar energy system more reliable, efficient, and safer, the company said.
"India has taken a major step towards promoting the manufacturing of green energy products in the recent budget," Sasikumar Gendham, MD of Salcomp India, said. "This shall further strengthen the electronics manufacturing ecosystem to grow rapidly and support not only India, but the rest of the world."
Get Unlimited Access to The Economic Times
