SolarWorld and Enphase Energy Enter Global Strategic Partnership
In deal, companies will share market channels and develop products together
HILLSBORO, Ore., and PETALUMA, Calif., Nov. 19, 2014 – SolarWorld and Enphase Energy (NASDAQ: ENPH) announced today that they have signed a global strategic partnership agreement. Enphase is the world’s largest provider of microinverters, devices that convert direct electrical current to alternating current to enable most applications of solar electric power.
SolarWorld, the largest U.S. solar producer for nearly 40 years, has formalized Enphase as its supplier of microinverter systems for SolarWorld’s custom-engineered system solutions in the U.S. market as well as expanded this partnership across both companies’ worldwide distribution networks. The two companies also have agreed to engage in close collaboration in developing new solar technologies and products.
“The global partnership between SolarWorld and Enphase – two companies renowned for quality, reliability and technological advancement – is more than a supply agreement,” said Mukesh Dulani, U.S. president of SolarWorld. “It is a true collaboration between industry leaders that will expand global solar markets and spur development of new solar technologies.”
“Enphase has worked closely with SolarWorld for several years, and the companies have built a strong, growing business together in collaboration with SolarWorld’s extensive U.S. channels,” said Jeff Loebbaka, Enphase’s senior vice president of global sales, marketing and support. “This new agreement promises to open new regional market and product opportunities around the world for both companies.”
About SolarWorld REAL VALUE
SolarWorld Americas Inc., the largest U.S. crystalline-silicon solar manufacturer for more than 42 years, produces and sells high-tech solar power solutions and, in doing so, contributes to a cleaner energy supply throughout the Americas. The company maintains 430 megawatts of annual capacity to produce solar cells and 550 MW of capacity to manufacture solar modules. The company’s brand stands for a proven track record of quality and reliability, and SolarWorld is the only producer whose industrial lineage has outlived its products’ 25- and 30-year performance guarantees. SolarWorld upholds high social standards and commits itself to resource- and energy-efficient production. With its program Solar2World, the company supports the expansion of solar power in developing countries in Latin America. Connect with SolarWorld on Facebook, Twitter, LinkedIn, Instagram and www.solarworld-usa.com.
Head of Corporate Communications
SolarWorld Americas Inc.
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About Enphase Energy, Inc.
Enphase Energy (NASDAQ: ENPH) 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. Its 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, Twitter and www.enphase.com
Enphase Energy®, the Enphase logo and other trademarks or service names are the trademarks of Enphase Energy, Inc.
Senior Manager, Global Corporate Communications
707-763-4784, Ext. 7362