Enphase to add up to 7.2 GW of US solar microinverter production capacity – Commercial

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From pv magazine USA

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

Kothandaraman stated that the corporate believes it is going to be capable of preserve a majority of the $0.11/W manufacturing tax credit score (PTC) launched beneath the US Inflation Discount Act, though it stays unsure how the credit will likely be paid out. He stated that Enphase is not going to make a major funding in US manufacturing except it might probably safe a major return on funding and retain 50% or extra of the PTC worth. 

Enphase stated it plans to work with three contract producers on the brand new capability, two of that are present companions. Kothandaraman stated the corporate will decide to not less than three strains, whatever the PTC credit score outcomes, to satisfy anticipated development. 

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

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