NEXTracker, manufacturer of advanced single-axis solar trackers, and PES Engineers Private Limited (PES), one of India’s premier renewable power engineering and construction firms, jointly announced a 400-MW multiyear supply agreement for the Indian market. Over the next three years, NEXTracker and PES will deliver trackers and installation services to major construction projects throughout the subcontinent. The first project under the agreement will ship next month to central In-dia.
“PES is delighted to be partnering with NEXTracker as a key component of our solar strategy,” said Vasudeva Prasad, Managing Director of PES. “After reviewing favorable 3rd party evaluations of NEXTracker’s technology, we found the self-powered tracker to be ideal for maximizing the energy production potential of solar sites throughout India. Its independent row architecture and self-powered design will help us deploy more photovoltaics to a wider variety of sites in less time – for less cost.”
According to financial energy experts and solar industry analysts, India is poised for intensive growth over the next decade. “The industry has grown almost 100 times in the last five years to 3,500 MW and the government has set a target of 100,000 MW by 2022,” states Sneha Shah of Greenworldinvestor, and frequent contributor to financial press covering energy, economics and the Indian market. Factors contributing to this increasing demand for solar power in this region include favorable government poli-cies, a large power deficit and high solar radiation.
NEXTracker’s unimpeded, unlinked rows provide greater layout flexibility on a wide range of sites, as well as significantly lower operations and maintenance costs. With rapid construction time resulting in a faster project completion, and higher energy yield, NEXTracker helps EPCs deliver more profit and reliability to system owners.
Have you checked out our YouTube page?
We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.
Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.
We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.