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Markets: Nextracker surpasses 10-GW solar tracker milestone

Fiinews by Fiinews
December 15, 2023
in Markets
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Fremont solar group works with India-based companies in Karnataka, Gujarat, Rajasthan

Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, has surpassed a corporate milestone of 10 GW of smart solar trackers either operational or under fulfilment for projects located in the Middle East, Africa, and India.

In parallel timing with the United Nations COP28 Climate Change conference held in Dubai over the last two weeks, this milestone was achieved this month after securing significant orders in the region, the Fremont-headquartered company said in a release on 12 Dec.

In the Indian states of Karnataka, Gujarat and Rajasthan, Nextracker is providing its solar tracker systems on numerous projects to fortify India’s clean economy landscape.

Nextracker has collaboration 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 and Serentica Renewables.

With over two hundred dedicated employees in Hyderabad office, Nextracker has established strategic partnerships with 11 manufacturing suppliers and 13 factories to provide over 80% domestic content for utility-scale solar projects across the country.

Nextracker founder and CEO Dan Shugar said, “We continue to invest in these markets with sales, engineering, and professional services teams to better serve our customers throughout the entire solar project lifecycle.

“The company is laser focused on anticipating our customers’ needs and delivering the industry’s most reliable solar tracker and software solutions with unmatched wind design engineering and proven performance.” Fiinews.com

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