Enphase
Energy, Inc. (NASDAQ: ENPH), today announced the availability of the
Enphase® Microinverter System in Greece through authorized
distribution. With shipments now in eight
countries in the region, Enphase also announces the appointment
Olivier Jacques as Managing Director for Enphase Europe, Middle East and
Africa (EMEA) to oversee execution and future expansion of the business.
“I am focused on growing the international business for Enphase and
using regional resources and relationships as leverage to capitalize on
new market opportunities,” said Olivier Jacques, Managing Director for
Enphase EMEA. “Geographic expansion through existing distribution
partnerships, while at the same time establishing new local partners, is
a model that increases our market presence in Europe in an efficient and
scalable way.”
Europe remains the world’s largest solar market, and Enphase continues
to gain share due to the value delivered by its pioneering technology.
Last month, Enphase announced
it is shipping in Switzerland through existing strategic partnerships
with large PV suppliers. Following this model, the Enphase Microinverter
System will be marketed and sold in Greece through an official network
of authorized distributors.
Greece presents favorable conditions for the solar industry due to its
geography, climate and plentiful solar irradiation. Over the last few
years the solar market has grown rapidly. According to NPD Solarbuzz
Marketbuzz 2013 report, the market was 414MW in 2011. Growth continued
in 2012 based upon strong PV economics, and in spite of the country’s
financial constraints, NPD Solarbuzz reported the market reached 961MW.
The Greek government is also targeting the solar sector as a way to
bolster the weak economy. On March 27th, the launch
of a close cooperation between Greece and Germany (with the support of
an EU Commission's Task Force for Greece) was announced in the field of
renewable energy. The cooperation involves technical assistance for
investments from the Task Force, with the German environment ministry
co-financing the first stage of the program.
For more information about Enphase in Greece, visit: enphase.com/gr.
About Enphase Energy, Inc.
Enphase Energy delivers microinverter technology for the solar industry
that increases energy production, simplifies design and installation,
improves system uptime and reliability, reduces fire safety risk and
provides a platform for intelligent energy management. Our
semiconductor-based microinverter system converts energy at the
individual solar module level and brings a systems-based, high
technology approach to solar energy generation. Connect with Enphase on Facebook
and follow us on Twitter.
www.enphase.com
Forward-Looking Statements
This press release contains forward-looking statements, including, but
not limited to, statements related to Enphase Energy’s financial
performance, market demands for its microinverters, advantages of its
technology, market trends and future financial performance. These
forward-looking statements are based on the company’s current
expectations and inherently involve significant risks and uncertainties.
Enphase Energy’s 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, which include, without
limitation, risks related to: the future demands for solar energy
solutions; the reduction, elimination or expiration of government
subsidies and economic incentives for on-grid solar electricity
applications; the company’s ability to achieve broad market acceptance
of its microinverter systems and to develop new and enhanced products in
response to customer demands and rapid market and technological changes
in the solar industry; the success of competing solar solutions that are
or become available; the company’s ability to effectively manage the
growth of its organization and expansion into new markets and to
maintain or achieve anticipated product quality, product performance and
cost metrics; competition and other factors that may cause potential
future price reductions for its products; the company’s ability to
optimally match production with demand and dependence on a limited
number of outside contract manufacturers and lack of supply contracts
with these manufacturers; general economic conditions in domestic and
international markets; and other risks detailed in the “Risk Factors”
and elsewhere in Enphase Energy’s Securities and Exchange Commission
filings and reports, including its Quarterly Report on Form 10-K for the
year ended December 31, 2012. 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.
Enphase Energy®, the Enphase logo and other trademarks or service names
are the trademarks of Enphase Energy, Inc.
