Sigenergy plans to invest an initial $250 million in India to establish manufacturing facilities for inverters and battery energy storage systems, in a move that could strengthen the equipment base needed to support the country’s expanding renewable-energy grid.
The Chinese energy storage systems maker will first set up an inverter manufacturing plant, which is expected to become operational by the second quarter of 2027, Rahul Morde, head of sales for Sigenergy India, told Reuters. The company is still exploring possible locations for the facility.
Sigenergy began operations in India earlier this year. After the inverter plant, it plans to establish a battery energy storage systems factory, Morde said on the sidelines of the Renewable Energy India Expo. The battery facility is expected to begin operations six to eight months after the inverter plant.
The proposed investment covers manufacturing infrastructure as well as a research and development centre focused on battery energy storage systems. The company develops energy storage systems that include batteries, inverters and energy management software for residential and commercial customers.
Inverters convert electricity generated by renewable sources into a form that can be used by homes, businesses and the electricity grid. Battery energy storage systems can store electricity and release it when required, helping manage fluctuations in renewable generation. Their deployment is increasingly linked to the reliability of power systems with a larger share of solar and wind energy.
India is seeking to expand renewable-energy capacity and grid-scale storage as part of its clean-energy goals. That expansion is creating demand for equipment manufacturers, although the company has not yet identified the location of either manufacturing facility in the information provided.
Morde said Sigenergy had complied with India’s regulations on storing data within the country and was seeking investment clearances. The statement indicates that regulatory approvals remain part of the process before the proposed facilities can be established.
The planned sequence places the inverter facility ahead of the battery storage plant, with a stated gap of six to eight months between their expected commissioning dates. If the first plant becomes operational in the second quarter of 2027, the second facility would be expected to follow within that stated period, subject to the company securing clearances and finalising locations.
Sigenergy debuted on the Hong Kong stock market in April after raising HK$4.4 billion, or $562 million, through an initial public offering. The company’s proposed Indian investment would therefore form part of its wider expansion in energy storage equipment and software.
The next formal milestones are the identification of locations, completion of investment clearances and further progress towards the planned second-quarter 2027 operational date for the inverter plant.
