Enolia Solar Systems to Install 1.5MW of SolarEdge Power Harvesting Systems in Greece, as Part of a New Partnership

HOD HASHARON, Israel & ATHENS, Greece--(BUSINESS WIRE)--SolarEdge Technologies, a provider of end-to-end Distributed Solar Power Harvesting and monitoring solutions, is expanding its activity in Greece, announcing a partnership with Enolia Solar Systems SA, a leading Greek company active in the development of PV projects, trading of PV solar equipment and design and implementation of rooftop applications in the rapidly developing PV markets of Greece, Cyprus and Bulgaria.

“Home owners can enjoy module-level optimization of their PV systems for maximum power production at all times, in addition to the highly efficient PV inverter and improved maintenance through the monitoring portal – all from one vendor.”

The SolarEdge power harvesting solution includes PowerBoxes, which are module-integrated power optimizers, solar inverters and a module-level PV monitoring portal. This unique solution enables production of up to 25% more energy from any PV installation, while reducing costs and complexities.

With local feed-in-tariff incentives for installation of rooftop systems and solar farms, the Greek PV market is fast growing. The distributed architecture of the SolarEdge solution allows Installers and system owners of all system types to benefit from constraint-free design and optimal site-area utilization, as well as real-time module-level monitoring for improved maintenance at reduced cost. The SolarEdge solution is complete with built-in enhanced safety mechanisms, high reliability and extraordinary warranty, which all contribute to faster return on investment.

Enolia Solar Systems, which has executed large projects in Central Greece, has a current 2010 pipeline of 7.2MWp installations under development and construction in Crete, Lesvos, Rhodes, Voiotia, Larisa and Agrinio, extending to an additional 13 MWp for 2011. The company expects to sell over 1.5MWp of SolarEdge systems within the coming months.

“The SolarEdge unique solution is particularly beneficial for the Greek market,” said Charilaos Mitrelias, General Director of Enolia Solar Systems. “Home owners can enjoy module-level optimization of their PV systems for maximum power production at all times, in addition to the highly efficient PV inverter and improved maintenance through the monitoring portal – all from one vendor.”

“The Greek PV market offers great opportunities for both the short and long term,” said Zvi Lando, VP Global Sales of SolarEdge. “Enolia, with its technical know-how and well-established and wide network of partners and distributors, is an ideal partner to develop operations in the Greek market.”

For more information about Enolia Solar, visit www.enoliasolar.com. For more information about SolarEdge, visit www.solaredge.com.

About Enolia

Enolia Solar Systems S.A. was founded by Greek Enolia Energy and Japanese Itochu Corporation and Mitsubishi Heavy Industries. Enolia Energy owns 60% of the company with Itochu Group holding the remaining 40%. Itochu, through its US subsidiary Solar Depot ranks number one in the US market of domestic installations. Additionally, through its Japanese subsidiary Ecosystems Japan, it is one of the largest companies in the installation of domestic photovoltaic systems in Japan. Mitsubishi Heavy Industries contributes its advanced know-how and products for large project development and specialized technological solutions.

About SolarEdge

SolarEdge provides the world's first end-to-end Distributed Solar Power Harvesting and PV Monitoring solution, allowing maximum energy production at a lower cost. The SolarEdge PowerBoxes™ are DC-DC power optimizers that perform MPPT per individual panel while monitoring performance of each panel and communicating across existing power lines. Moreover, PowerBoxes always maintain a fixed DC string voltage, allowing optimal efficiency of the SolarEdge PV inverter, which is tailor-made to work with power optimizers. As a result, the SolarEdge system provides more power from any given PV system installation, eliminates design constraints, provides complete panel-level and whole-system visibility for monitoring and maintenance alerts, solves all safety hazards and provides anti-theft mechanisms, all while reducing the cost of energy. The company works with industry-leading partners to embed its active electronics directly into PV panels. SolarEdge is online at www.solaredge.com.

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