Facility aims to advance photovoltaic research
and development, testing, and workforce development serving India
and Middle East solar markets
Nextracker (Nasdaq: NXT), a leading global provider of
intelligent solar trackers, foundations, and software solutions,
today inaugurated India’s first Center for Solar Excellence (CFSE)
in Hyderabad, India. Spanning across 13 acres this state-of-the-art
facility will serve to advance solar tracker technology, further
accelerating the region’s energy transition.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240930556809/en/
Nextracker Inaugurates Center for Solar
Excellence in Hyderabad, India (Photo: Nextracker)
The CFSE will feature a 30,000 square foot, state-of-the-art
lab, a comprehensive solar tracker installation, and training
facilities encompassing the entire project lifecycle—from
structural, mechanical, and electrical design to construction,
operation, and maintenance. Working closely with supply chain
partners, customers, and third-party laboratories, Nextracker’s
cross-functional team of experts will be developing, testing, and
commercializing proprietary technologies. CFSE overview video,
here.
Commenting on the expanded R&D capability, Nextracker
President Howard Wenger, emphasized, “Nextracker is further
deepening its commitment to developing solar technology in India
with a new Center for Solar Excellence in Hyderabad. This
state-of-the-art facility advances our ability to optimize our
local customer’s needs into the product design. Today, Nextracker
has over 35 reliable utility scale projects delivered and under
fulfillment in India with over 5 GW of projects, and we have
achieved 95% content under Make in India for our products. Through
this new center, we aim to develop high performance solar trackers
that significantly enhance energy capture, particularly during
critical peak periods in the early morning and late afternoon.”
Shri Shripad Naik, Hon’ble Minister of State, Ministry of
New & Renewable Energy, Government of India, commented on the
development, “Nextracker’s Center for Solar Excellence is a
forward-looking initiative that will help inform India’s clean
energy journey. Through cutting-edge research and development, this
center will drive innovation, making solar more affordable and
accessible. As India strives to meet its ambitious 2030 renewable
energy goals, R&D efforts like these are critical to ensuring
the reliability and performance of our solar assets. This
collaboration exemplifies how industry and government can work
together to advance our renewable energy mission while protecting
the environment and ensuring energy security.”
The CFSE will also play a significant role in fostering local
workforce development by delivering regular PowerworX Academy
installer training courses. Seasoned instructors will provide
cross-functional, hands-on instruction to regionally based
engineering procurement and construction companies (EPCs) and
third-party installers on solar tracker best practices for design,
installation, commissioning, software, and operations and
maintenance of advanced PV tracker systems.
Speaking on this milestone, Rajeev Kashyap, Nextracker SVP
and General Manager for India, Middle East and Africa, stated,
“High uptime of solar projects is extremely critical for our
customers. We are committed to providing advanced technologies and
services that help power plant owners, EPCs, and other stakeholders
optimize the performance of their assets. By using local expertise
and infrastructure, we aim to propel India and surrounding markets
towards a cleaner, more sustainable energy future. Our focus is
also to help develop a skilled workforce, bolster manufacturing
capability in the region, and advance product and quality planning
(APQP) training and skill development.”
Commenting on Nextracker’s Center for Solar Excellence,
Subrahmanyam Pulipaka, CEO of the National Solar Energy
Federation of India, said, “Focused research and development of
this nature is critical for India, not only to accelerate the
deployment of solar energy but also to ensure that cutting-edge
technology and high-quality standards are maintained throughout the
process. The real-world testing and validation capabilities offered
by Nextracker’s new facility will play a crucial role in driving
the adoption of advanced solar solutions, ultimately contributing
to the country’s renewable energy goals.”
Today, 95% of Nextracker's tracker components are manufactured
in India, supported by robust local partnerships that enable more
than 10 GW of annual production capacity. Nextracker combines
comprehensive support—from on-site project management and
engineering to the seamless delivery of systems designed for quick
installation—with advanced software, world-class tracker
technology, and robotic cleaning solutions to maximize
performance.
Nextracker has two other R&D and test lab facilities in
Northern California (headquarters) and in Sao Paulo, Brazil. In
comparable size and scope, these facilities enable Nextracker to
incubate and commercialize PV technologies, localized for regional
needs and demand.
About Nextracker
Nextracker is a leading provider of intelligent, integrated
solar tracker, software solutions and foundation solutions used in
utility-scale and distributed generation solar projects around the
world. Its products enable solar panels to follow the sun’s
movement across the sky and optimize plant performance. With plants
operating in more than thirty countries worldwide, Nextracker
offers solar tracker technologies that increase energy production
while reducing costs for significant plant ROI. For more
information, visit Nextracker. Stay in touch with us: X, LinkedIn,
Instagram, Facebook, YouTube.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240930556809/en/
Media: Nirya Sharma (in India on behalf of Nextracker)
Nirya.sharma@adfactorspr.com +91 9899219015
Kristan Kirsh media@nextracker.com
Investor Relations Mary Lai investor@nextracker.com
Nextracker (NASDAQ:NXT)
Historical Stock Chart
From Nov 2024 to Dec 2024
Nextracker (NASDAQ:NXT)
Historical Stock Chart
From Dec 2023 to Dec 2024