California, United States — Microinverter technologies, which only hit the PV scene in the last few years, are receiving a high level of interest from major investors.
This week, the industry-leader Enphase announced a partnership with Main Street Power to put microinverters on 4.5 MW worth of commercial-scale PV projects. Main Street Power is backed by Morgan Stanley.
The projects will be installed across approximately 36 sites, with system sizes ranging from 30kW to more than 300kW. The clean energy generated by the projects will be sold by Main Street to the San Diego Unified School District through a 20-year power purchase agreement (PPA). Morgan Stanley will provide the financing for the projects.
We’ve been reporting on the boom and early maturation in the microinverter and power optimization space recently. With big financial institutions now willing to back the technology, the sector is achieving even more credibility.