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    Home»Solar»Enphase to add up to 7.2 GW of US solar microinverter production capacity – pv magazine International
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    Enphase to add up to 7.2 GW of US solar microinverter production capacity – pv magazine International

    By December 6, 2022No Comments2 Mins Read
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    Enphase CEO Badri Kothandaraman says the corporate will construct 4 to 6 new manufacturing traces in america.

    December 6, 2022 Ryan Kennedy

    From pv journal USA

    Enphase plans to construct 4 to 6 new microinverter manufacturing traces in america, CEO Badri Kothandaraman stated in a latest ROTH Capital Companions webinar. The brand new traces are anticipated so as to add between 4.8 GW to 7.2 GW of latest capability.

    Kothandaraman stated the corporate believes it could actually preserve a lot of the $0.11/W manufacturing tax credit score (PTC) launched beneath the US Inflation Discount Act, though it stays unsure how the credit shall be paid. He stated that Enphase won’t make a major funding in US manufacturing except it could actually guarantee a major return on funding and stay at 50% or extra of the PTC worth.

    Enphase stated it plans to work with three contract producers within the new capability, two of that are present companions. Kothandaraman stated the corporate will decide to at the very least three traces, no matter PTC’s credit score outcomes, to fulfill anticipated development.

    Kothandaraman stated Enphase expects regular development within the US residential sector, and “hyper development” in Europe. He expects development in Europe to greater than double in 2022, after doubling in 2021. ROTH says there stays potential for one more doubling in 2023, however Enphase’s administration has set extra conservative steerage.

    To proceed studying, please go to pv journal USA.

    This content material is protected by copyright and is probably not reused. If you wish to cooperate with us and need to reuse a few of our content material, please contact: editors@pv-magazine.com.

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