Nextracker India Achieves 10 GW Annual Domestic Manufacturing Capacity to Serve India’s Rapidly Expanding Solar Power Market
03 Octubre 2023 - 6:30AM
Business Wire
Nextracker hits milestone of over 5 gigawatts
(GW) of smart solar tracker systems with 80% local content for
Indian utility-scale solar power generation
Nextracker (Nasdaq: NXT), a leading global provider of
intelligent solar tracker and software solutions, today announced
the Company now has contracted for 10 GW per annum of local India
manufacturing capacity. This is in line with the company’s focus to
provide advanced locally sourced solar tracker technology solutions
that optimize power generation as India steps up the construction
of new solar parks.
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Nextracker's NX Horizon flagship solar
tracker (Photo: Business Wire)
Aligned with the Government’s Make in India initiative,
Nextracker is producing its solar tracker systems with over 80%
domestic content for utility-scale power generation projects in
India. Nextracker's strong local presence is evident through its
collaboration with eleven manufacturing suppliers with thirteen
factories located across the country and the creation of
approximately 2,000 clean energy jobs, including over 200
Nextracker India employees. With this strategic undertaking,
Nextracker is not only accelerating project execution timelines but
also ensuring energy supply security, lower costs, local jobs, and
economic development.
"Nextracker has firmly established our presence in India's
vibrant renewable energy sector, with over five gigawatts of
systems under fulfilment or operational,” stated Dan Shugar,
Nextracker founder and CEO. “As India transitions from
coal-based power and sets its sights on achieving over 64%
non-fossil fuel-based capacity by 2030, we are committed to serving
our customers with the highest performing solar power systems to
advance the nation’s goals for domestic content and
decarbonization.”
Nextracker is actively advancing India's renewable energy sector
with prominent EPC companies such as Sterling and Wilson
Renewable Energy, Amara Raja Infra Private Limited, and Rays Power
Infra, as well as established developers such as NTPC.
Solar power project deliveries and construction are occurring in
several regions, including Karnataka, Gujarat, and
Rajasthan, to fortify India's clean
economy landscape.
“We’ve selected Nextracker’s cutting-edge technology to help
unlock the full potential of solar power and accelerate India's
renewable energy objectives,” stated Dwarakanadha Reddy,
Business Head- Power, Amara Raja Infra Private Limited.
“Our partnership with Nextracker opens new horizons for solar
energy in India,” said Ketan Mehta, MD & CEO, Rays Power
Infra. “Beyond the numbers and capacity, this collaboration is
about embracing technological excellence. Together, we are moving
towards a sustainable and advanced India.”
About Nextracker
Nextracker is one of the leading providers of intelligent,
integrated solar tracker and software solutions used in
utility-scale and distributed generation solar projects around the
world. Our products enable solar panels in utility-scale power
plants to follow the sun’s movement across the sky and optimize
plant performance. With over 75 gigawatts shipped worldwide,
Nextracker leads the solar industry with solar tracker technologies
that optimize and increase energy production while reducing costs
for significant plant ROI. For more information, please visit
Nextracker. Stay in touch with us: Twitter, LinkedIn, Instagram,
Facebook, YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20231003492952/en/
Tripti Rani/ Nirya Sharma (on behalf of Nextracker)
nextracker@adfactorspr.com
Sowmya Sriram (India) ssriram@nextracker.com
Kristan Kirsh (global) kkirsh@nextracker.com
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