Enphase Energy’s Record Growth Reveals Accelerated Solar Adoption Across Regional Australia
07 May 2015 - 4:30AM
Business Wire
High power prices drive thousands to install
premium solar, with commercial-scale taking increasing interest in
Enphase's superior solutions
Enphase Energy, Inc. (NASDAQ: ENPH) today announced regional
Australia has experienced a 453 percent year-over-year growth in
installed solar units in 2014, outpacing metropolitan growth at 440
percent for the same period.
Enphase has seen outstanding growth in regional and outback
Australia with the increase in its solar microinverter
installations in 2014. These figures align with data from the REC
Agents Association, which states that in 2012, 53 percent of solar
systems were installed in regional and rural communities compared
to 43 percent in major capital cities.
The top 10 fastest growing towns for Enphase in regional
Australia are:
1. Gelorup (WA)2. Armidale (NSW)3. Trinity
Park (QLD)4. Devonport (TAS)5. Woolgoolga (NSW)6. Townsville
(QLD)7. Squeaking Point (TAS)8. McLaren Vale (SA)9. Warrnambool
(VIC)10. Chinchilla (QLD)
Nathan Dunn, Enphase Asia-Pacific Managing Director said, “In
less than two years since Enphase established a direct presence in
Australia, the demand for solar photovoltaic systems has
strengthened significantly in regional and rural Australia.
Regional Australia has experienced the most significant retail
energy price shocks and this has spurred them toward adopting solar
power.”
Households, along with small and medium sized enterprise are the
primary adopters of Enphase solar systems, with large scale
commercial taking an increasing interest due to Enphase’s record
for superior energy yield, versatility to overcome challenging
rooftops and its globally acclaimed online monitoring software that
offers unmatched visibility of system health and performance.
Dunn added, “Agriculture, farms, shopping centres and commercial
businesses are the strongest users of solar energy because they
have the most to gain. Driving their demand for solar energy is the
fact that electricity prices tend to be higher in semi-regional and
rural Australia than in urban areas. This in turn makes solar a
strong value proposition for business and domestic users in
regional and rural areas.”
Enphase’s regional customers include:
- Hartley’s Crocodile Adventures in
Wangetti Beach, Queensland, which draws approximately 25 percent of
its energy requirements from solar and is looking to more than
double their system size.
- Entire Concrete, in Singleton, New
South Wales, which has 65 percent of its electrical energy needs
provided by solar.
- Danny Orr Earthmoving in Alice Springs,
Northern Territory, which powers 65 percent of its facility with
solar.
- Flying Fish Cove Community Housing, on
Christmas Island, Western Australia, draws 80 percent of its energy
needs from solar.
- Jacana Green Retirement Living, in
Moama on the New South Wales-Victoria border, has 70 percent of its
energy requirements met by solar.
The potential for the pairing of solar energy generation with
battery storage in order to maximise utilisation of solar-generated
energy in rural and regional areas is now a reality. Battery
storage is especially appealing for homes and businesses that are
located some way from fixed energy grids.
This vision of pairing solar energy with battery storage and
intelligent software will be made available to Australians when
Enphase launches the Enphase Energy Management System, expected to
be in early 2016. Combining the Enphase AC Battery, S Series
Microinverter with bi-directional power line communications and
smart Envoy-S communications gateway, the next generation system
will let households and businesses store, control and manage the
energy generated by their solar system. It is expected that this
revolutionary solution will dramatically accelerate the adoption of
solar power in Australia, and redefine the way renewable energy is
being used across the nation.
Enphase recently received the 2014 Global Frost & Sullivan
Award in recognition of the company’s Technology Leadership. It
cited Enphase as having made considerable progress toward achieving
the company’s vision of providing clean, reliable and affordable
solar energy to both the mainstream commercial and residential
sectors through its innovative microinverters.
About Enphase Energy, Inc.
Enphase Energy delivers energy management 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
system-based high-technology approach to solar energy generation,
storage, control and management. For more information, visit
www.enphase.com.
Connect with Enphase on Facebook and follow us on Twitter.
www.enphase.com/au
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements related to Enphase Energy’s financial
performance, market demands for its products, and advantages of its
technology and market trends. These forward-looking statements are
based on the company’s current expectations and inherently involve
significant risks and uncertainties. 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 and other risks detailed in the “Risk Factors” and
elsewhere in Enphase Energy’s latest Securities and Exchange
Commission filings and reports. Enphase 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.
Enphase EnergyOlivia Smith,
+61-402-044-811osmith@enphaseenergy.com
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