Indian renewable energy innovator opens Australian HQ in Adelaide
Global leader in renewable energy, Enzen Global Solutions, has expanded international operations into Australia with the opening of a head office in the Adelaide CBD.
The $10 to $15 million expansion is expected to create up to 100 new jobs within the first three years of operation from highly-skilled engineering roles to graduate positions.
The company was attracted to South Australia due to the emerging opportunities in energy efficiency, renewable energy and the water market, as well as energy sector opportunities in neighbouring South East Asia.
The South Australian Government is contributing $990,000 to support the expansion via the Economic Investment Fund.
Analysis by the South Australian Centre for Economic Studies indicates that the Enzen expansion will deliver a $700,000 boost to our economy this financial year, growing to $24.2 million by the year 2025.
Enzen is an innovative engineering services provider operating in the renewable energy, electricity efficiency and water sectors.
The company has its global headquarters in Bengaluru, India and a substantial corporate and business presence in the United Kingdom, United States of America, Spain and Turkey.
From its new Adelaide base, Enzen will pursue national and international commercial opportunities, particularly into South-East Asia, which will follow the successful growth formula of Enzen Global Solutions worldwide.
Premier Jay Weatherill said Enzen is at the forefront of renewable energy globally, and the fact the company have chosen SA for their Australian headquarters is testament to our national leadership.
“Independent analysis suggests that Enzen’s contribution to our economy will be significant, at around $25.2 million by 2025. The rapid growth of Enzen’s Australian operations will see around 100 new jobs created within the first three years,” Mr Weatherill said.
“The State Government is not only supporting Enzen through a near $1 million grant, but has also been a client –Enzen have undertaken energy usage audits across local businesses, providing recommendations on improving efficiency.
“Enzen’s global expertise and local knowledge put the company in a fantastic position to be a trailblazer within the sector.”
Investment and Trade Minister Martin Hamilton-Smith said India remains a key market for South Australia in terms of investment and trade so to have an Indian company set up its Australian headquarters in Adelaide is particularly pleasing and shows our targeted Engagement Strategy for this market continues to bear fruit.
“Congratulations also to the team at Investment Attraction South Australia who I know have been working closely with Enzen for some time now to support this investment in South Australia,” Mr Hamilton-Smith said.
Enzen Group CEO Mr Kutty Prabakaran South Australia can be a global crucible for the transition from traditional energy sources to renewables – and that is one of the reasons we decided to make Adelaide our base.
“We found within the Government a very strong commitment to developing a technology and industrial base in low carbon solutions, leading to the creation of high-value jobs and the potential to export ‘know how’ to other markets around the world,” Mr Prabakaran said.
“We are keen to work with the Government and the private sector to develop and deploy intellectual property around renewables across the globe, making Australia a knowledge hub giving us the ability to leverage Australian expertise across the globe.
“In building this platform to attract and train young Australian talent, we aim to create a knowledge leading, globally-respected and mobile Australian work force. This is a natural complement to Enzen’s ability to integrate distributed generation sources into existing infrastructure.
“In addition, with the world still currently relying on traditional power generation and distribution models, there’s going to be a lot of change in the way energy markets are organised and will operate into the future.
“On our observation, Australia is probably leading in the transition, with the solutions we develop here likely to be progressively applicable in every market around the world.”