Failte Energy and China's Sigenergy plan an initial $250 million investment in an Indian joint venture to manufacture inverters and battery storage systems, with the first facility targeted to begin operations by Q2 2027.
India’s Failte Energy and China-based energy technology company Sigenergy plan to invest an initial $250 million in a joint venture to establish manufacturing facilities for inverters and battery energy storage systems in India. The initiative aims to strengthen domestic production capabilities as the country expands its renewable energy capacity and develops infrastructure to support electricity storage.
The joint venture plans to establish an inverter manufacturing plant first, with production targeted to begin by the second quarter of 2027. Rahul Morde, head of sales at Sigenergy India, shared the timeline with Reuters on the sidelines of the Renewable Energy India Expo. The company is currently exploring potential locations for the facility.
Also Read: How Manufacturers Can Thrive Amid Inflationary Pressures
A battery energy storage systems manufacturing plant is expected to follow, becoming operational six to eight months after the inverter facility. The joint venture also intends to establish a research and development centre in India focused on battery energy storage technologies. The locations of the proposed facilities and their production capacities have not yet been announced.
Inverters are essential components of solar and other renewable energy systems, converting electricity into a form suitable for use by electrical networks and equipment. Battery energy storage systems store electricity for later use, helping address fluctuations in renewable generation and improving the flexibility of power supply. The planned facilities would bring manufacturing of these technologies closer to India's growing renewable energy market.
Sigenergy, which began operations in India earlier in 2026, develops integrated energy storage solutions for residential and commercial customers. Its portfolio includes battery systems, inverters and energy management software. According to Morde, the company has complied with India's domestic data-storage requirements and is seeking the necessary investment clearances for its expansion plans.
The proposed investment comes as India seeks to increase renewable energy generation and expand grid-scale storage infrastructure. Greater deployment of solar and wind power creates demand for equipment that can manage variable electricity generation and support grid stability. Local manufacturing could help meet some of this demand while developing domestic capabilities in energy technology.
Also Read: How Renewable Energy is Reshaping Manufacturing Landscapes
Sigenergy made its debut on the Hong Kong stock market in April 2026, raising HK$4.4 billion, equivalent to approximately $562 million, through its initial public offering. The proposed Indian manufacturing project represents a further step in its international expansion, although implementation remains dependent on site selection and the required approvals.