Failte Energy and Sigenergy plan $250M joint venture in India

Failte Energy and Sigenergy plan a joint venture investment of $250 million in India. The investment aims to set up manufacturing facilities for inverters and battery energy storage systems. The inverter manufacturing plant is expected to be operational by the second quarter of 2027, followed by the battery energy storage systems factory.

The joint venture supports India's efforts to rapidly expand renewable energy capacity and grid-scale energy storage. Sigenergy, which manufactures energy storage systems and inverters, also plans to establish a research and development center in India.

India is looking to rapidly expand renewable energy capacity and grid-scale energy storage to support its clean energy goals.