Enphase & Rexel Collaborate To Expand Australian Network
Zacks Investment Research | Mar 25, 2020 10:09PM ET
Enphase Energy (NASDAQ:ENPH) recently extended its partnership with Rexel Group, which shall enable the former to distribute its solar products in both metro and regional Australia through the latter’s extensive electrical wholesale network. Notably, both companies already have similar partnerships in the United States and Europe.
A Brief Insight on the Agreement
The partnership expansion will be beneficial for Enphase in penetrating the Australian solar market, where Rexel operates through a nationwide network of 146 wholesale branches. Rexel will help Enphase distribute its IQ 7 and IQ 7+ microinverters as well as the full suite of Enphase IQ accessory products, including the Enphase Q Cable wire system and the Enphase Envoy communications gateway.
Growth Prospects in Australian Solar Market
In recent times, the demand for solar energy in Australia has been increasing rapidly. Hence, the solar market in the country is witnessing considerable growth, of late.
Evidently, per a report by Zacks Investment Research
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