Enphase Energy to Acquire the Solar Design Services Business of DIN Engineering Services Read More



Outsourcing Cost Model



Description Fixed Time/Cost Hourly Basis Method Full Time Equivalent
Meaning The fixed time project is one that is completed within a defined timeframe and budget. As the name suggests, projects are completed within defined number of hours. The cost is based in the hours spent on the particular project and extra hours cost extra. In this monthly, skilled resources are assigned for the client by the outsourced company. The cost is calculated on monthly basis for the duration of the project.
Features It is the most commonly used engagement model, which is based on a previously agreed target cost. Owing to the onus on the outsourcing company, the fixed price projects are completed with utmost care. Interim reviews at regular intervals, periodic status reports, regular client interaction, cost control and quality control are integral part of it. This model is perfect for low scale projects, where buyers of products and services are the end users. The cost is based on the total hours spent on the project. Any additional work costs additional amount. The offshore company sends detailed report for the hours spent and cross-verification can be done. This model is apt for clients who focus on quality output rather than quality output on time. Instead of resource and technology, deliverables play a crucial role. Clients can avail services from the offshore company for a specific period. Beforehand, client can review the skill sets, experience and competencies to ensure that these match his requirements. An independent team is designated for the client’s project. The client can keep a close watch on the progress and productivity of the project and can even ask for replacement if he feels that the work is not satisfactory.
Payment Methods Percentages are decided on the basis of the major milestones. The client has to pay advance and startup cost. Client receives estimation about the total hours involved for approval. After verifying the details and cross-checking, client can send his approval and thereafter an invoice is raised. Offshore companies offer a daily/weekly time sheet regarding the resource estimation, which is sent to the client for approval. The invoicing is done at the start of every month.
Advantages This is suitable for companies that have executed such projects earlier as well. Furthermore, this is perfect option for clients with budgetary constraint. Over time, good relationship is formed between the client and the offshore company. The biggest advantage is that changes can be made at any stage of the project. Competencies are developed owing to assignment of resources for particular project for specific time period. More projects can be taken without the need for hiring, staffing, training and re-training. Furthermore, one does not have to face stress related to peak load and off peak load. Another benefit is that the charges are also low.
Disadvantages For higher work volume, it is not a cost effective option. With the development of project, requirements do not change. Cautiously manage the risks involved in the project. Furthermore, charges are high.
Longer learning curve. If similar project comes in future, the same resource may not be available and one will take time to train the new team. So the learning gained from one project may not save time in the subsequent project.
Although beneficial, it is not an ideal option if the client looks forward to building long term competencies. Probability of counter-productive results is high. Difficult to estimate project duration. Not advantageous for larger projects. The charges are medium.
Longer learning curve disadvantage, similar to Fixed model. The same team may not be available for the subsequent project if the gap between projects is long. One needs to come up with intermediate option.
Needs to be well versed with project management. Close watch over the resources and continuous monitoring, to ensure that the resources do not remain idle.

Enphase Energy to Acquire the Solar Design Services Business of DIN Engineering Services

Offers Installers Services to Streamline the Design, Proposal, and Permitting ProcessRead More

FREMONT, Calif., Feb. 8, 2021 — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, today announced that it has agreed to acquire the Solar Design Services business of DIN Engineering Services LLP. Based in Noida, India, the business is a leading provider of outsourced proposal drawings and permit plan sets for residential solar installers in North America.

DIN’s Solar Design Services business has more than a decade of experience working with local jurisdictions in the U.S. DIN leverages this knowledge to streamline the proposal and permitting process for installers.  

The acquisition is expected to provide the following benefits:

  1. Offers Enphase’s installers new services by providing proposal drawings and permit plan sets
  2. Adds significant resources to accelerate automation and provide best-in-class customer service
  3. Integrates into the Enphase’s Enlighten™ digital platform, advancing Enphase’s goal to simplify and accelerate the end-to-end sales process across the residential solar industry

“We are pleased to join forces with the Solar Design Services business to be acquired from DIN Engineering Services,” said Jeff McNeil, chief operating officer of Enphase Energy. “We look forward to welcoming DIN’s current installers to Enphase upon close. We believe DIN’s proposal and permit plan services will benefit Enphase’s installers by enabling them to better utilize their limited resources to focus on other key areas of their business.”

“DIN’s Solar Design Services business has built a reputation for providing high quality services to leading residential installers in the solar industry,” said Anuj Gupta, CEO of DIN Engineering Services LLP. “I am excited to join forces with Enphase. We expect to bring our expertise to Enphase’s installers by providing quick, accurate, and cost-effective services, enabling them to focus on their core advantage of selling and installing solar and storage systems.”

“This acquisition provides installers a clear opportunity to simplify their sales and installation process,” said Badri Kothandaraman, president and CEO of Enphase Energy. “We look forward to working with the talented team at DIN, leveraging their 10+ years of experience working with U.S. jurisdictions to help reduce solar soft costs and improve the overall installer experience.”

The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close by March 31, 2021.

About Enphase Energy, Inc.

Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries. For more information, visit  www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.

Enphase Energy, Enphase, the E logo, Enlighten, and other trademarks or service names are the trademarks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.

About DIN Engineering Services LLP

DIN Engineering Services LLP, based in Noida, India, is a leader in solar engineering design services. The company offers world-class, multi-discipline, and multi-platform engineering design and drawing services covering end-to-end in BIM, CAD, GIS, and staff augmentation to its global clientele. The Solar Design Services business provides outsourced proposal drawings and permit packages for residential installers with a rapid turnaround time and around the clock operations. For more information, visit  www.dinllp.com and follow the company LinkedIn 

Forward-Looking Statements

This press release contains forward-looking statements (such as statements in the future tense and statements including “anticipate,” “believe,” “enhance,” “expect,” and similar terms and concepts), including statements related to the expected benefits of the transaction, the expected capabilities and performance of Enphase Energy’s and the Solar Design Services business’s technology and products, including operational and costs improvements for solar installers; our business strategy, including expansion and the market adoption of our products; and the anticipated homeowner and installer experiences in the quoting, sales and installation process. These forward-looking statements are based on Enphase's current expectations and inherently involve significant risks and uncertainties, including, but not limited to, the risk that the transactions are terminated prior to closing or the related transactions do not otherwise close (or close on terms different than what has been agreed as of the date hereof), and the parties' failure or inability to perform their respective obligations under the related transaction agreements.  Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties, including those risks described in more detail in Enphase's most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC's website at www.sec.gov. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

Enphase Contact:

Adam Hinckley
Enphase Energy, Inc.
Investor Relations
ir@enphaseenergy.com 
+1-707-763-4784, x. 7354