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UK solar micro inverter company raises £25m

UK solar micro inverter systems provider Enecsys has raised £25 million in investment with £11m from Climate Change Capital Private Equity and the remaining balance from existing investors Wellington Partners, NES Partners and Good Energies.

By Renewable Energy Focus staff

Enecsys says it will use the funding to finance its growth plans.

Simon Drury, Partner at Climate Change Capital Private Equity, says: “The ability for Enecsys to provide high performance, cost effective micro inverters with the reliability and life expectancy to match that of solar modules fundamentally changes the economic model of solar PV and will play an important role in growing the market for this clean power source.”

Bart Markus of Wellington Partners, adds: “…, as of today Enecsys has the only certified micro inverter solution in production in the European market which represents 75% of the world’s residential solar market – this round of funding will allow us to accelerate the execution of this opportunity.”

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Energy infrastructure  •  Photovoltaics (PV)