Failte-Sigenergy JV to build inverter, battery storage plants in India

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The ​company, which began operations in India earlier this year, ⁠will first build an inverter manufacturing plant that is ​expected to be operational by the second quarter of 2027

By Reuters

Updated - October 23, 2026 at 08:25 PM.

A joint venture between ‌India’s Failte Energy and China-based Sigenergy plans to invest an initial $250 million in India to set up manufacturing facilities for inverters and ​battery energy storage systems, a senior company executive said.

• The ​company, which began operations in India earlier this year, ⁠will first build an inverter manufacturing plant that is ​expected to be operational by the second quarter of 2027, ​Rahul Morde, head of sales for Sigenergy-India, told Reuters
• Failte-Sigenergy is exploring possible locations for the factory
• The company will subsequently establish a battery energy ​storage systems factory, which is expected to come online six ​to eight months after the inverter facility, Morde said on the sidelines ‌of ⁠Renewable Energy India Expo
• The company also plans to set up a research and development centre focused on battery energy storage systems in India, he said
• Sigenergy has complied with India’s regulations ​on storing ​data in the ⁠country and is seeking investment clearances, Morde said
• India is looking to rapidly expand renewable energy ​capacity and grid-scale energy storage to support ​its clean ⁠energy goals, creating opportunities for manufacturers
• Sigenergy develops and manufactures energy storage systems, including battery products, inverters and energy management software ⁠for residential ​and commercial customers
• The company debuted on the ​Hong Kong stock market in April after raising HK$4.4 billion ($562 million) through an ​initial public offering

Published on October 23, 2026

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