NEXTracker, Inc., manufacturer of the world’s most advanced single axis solar trackers and PES Engineers Private Limited (PES), one of India’s leading renewable power engineering and construction firms, jointly announced today that the two companies have entered into a 400MW multi-year 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 India.
“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. We will also benefit from NEXTracker’s core competencies including system design, commissioning, and O&M support.”
“PES is a highly experienced, visionary EPC with a 23 GW track record of delivering incredibly complex power engineering projects. They have shown consistent leadership in adopting next generation technologies,” noted NEXTracker CEO Dan Shugar. “We’re excited to partner with PES to jointly help developers maximize the profitability of solar power projects. India has the potential to be one of the world’s largest solar markets and we are thrilled to be expanding our presence there.”
According to financial energy experts and solar industry analysts, India is poised for intensive growth over the next decade.
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. This technology, coupled with PES’ extensive experience in delivering turnkey energy infrastructure solutions, will create a considerable force for deployment of solar in India.
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.