Enphase Microinverter System Available in Greece
New EMEA leadership established for continued growth and expansion
PETALUMA, Calif. & LYON, France -- April 18, 2013
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
“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 27^th, 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
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.
Christine Bennett, +1-707-763-4784
Global Corporate Communication Manager
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