Wednesday, April 10, 2024

Nextracker India reaches 10 GW local generation capacity annually

Due to the increase in carbon emissions, many countries and companies are building solar parks where solar panels are fixed stationary. However, combining solar panels with solar trackers can increase energy generation more solar energy than stationary panels.

US-based solar tracker and software solution company, Nextracker has signed an agreement for 10 GW of local India manufacturing capacity annually.

This is in line with the company’s focus on providing advanced local solar tracker technology solutions that optimize power generation as India accelerates the construction of new solar parks.

Nextracer’s products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Solar tracker products include NX Horizon, NX Horizon-XTR and NX Gemini.

Solar trackers have a low cost of electricity (LCOE), work in extreme weather, flexible trackers are suitable for large format modules such as monofacial, bifacial, and thin-film PV. It is designed with independent-row, windproof architecture and integrated with the latest wireless communications.

Nextracer manufactures solar tracker systems with over 80% domestic content for utility-scale power generation projects in India. The company is collaborating with eleven manufacturing suppliers and thirteen factories across the country.

This collaboration will create over 2,000 clean energy jobs, including over 200 Nextracker India employees.

Nextracker is accelerating project implementation time and ensuring security of energy supply, 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 fulfillment 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 in India’s renewable energy sector with major engineering, procurement and construction (EPC) contracts with established developers such as Sterling & Wilson Renewable Energy, Amara Raja Infra Pvt Ltd, and Race Power Infra, as well as NTPC.

Solar power projects are being distributed and constructed in several regions including Karnataka, Gujarat and Rajasthan to strengthen India’s clean economic landscape.