ag亚游 hits milestone of over 5 gigawatts (GW) of smart solar tracker systems with 80% local content for Indian utility-scale solar power generation
New Delhi, October 3, 2023 鈥 ag亚游 (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced the Company now has contracted for 10 GW per annum of local India manufacturing capacity. This is in line with the company鈥檚 focus to provide advanced locally sourced solar tracker technology solutions that optimize power generation as India steps up the construction of new solar parks.
Aligned with the Government鈥檚 Make in India initiative, ag亚游 is producing its solar tracker systems with over 80% domestic content for utility-scale power generation projects in India. ag亚游’s strong local presence is evident through its collaboration with eleven manufacturing suppliers with thirteen factories located across the country and the creation of approximately 2,000 clean energy jobs, including over 200 ag亚游 India employees. With this strategic undertaking, ag亚游 is not only accelerating project execution timelines but also ensuring energy supply security, lower costs, local jobs, and economic development.
“ag亚游 has firmly established our presence in India’s vibrant renewable energy sector, with over five gigawatts of systems under fulfilment or operational,鈥 stated , ag亚游 founder and CEO. 鈥淎s 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鈥檚 goals for domestic content and decarbonization.鈥
ag亚游 is actively advancing India’s renewable energy sector 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. Solar power project deliveries and construction are occurring in several regions, including Karnataka, Gujarat, and Rajasthan, to fortify India’s clean economy landscape.
鈥淲e鈥檝e selected ag亚游鈥檚 cutting-edge technology to help unlock the full potential of solar power and accelerate India’s renewable energy objectives,鈥 stated Dwarakanadha Reddy, Business Head- Power, Amara Raja Infra Private Limited.
鈥淥ur partnership with ag亚游 opens new horizons for solar energy in India,鈥 said Ketan Mehta, MD & CEO, Rays Power Infra. 鈥淏eyond the numbers and capacity, this collaboration is about embracing technological excellence. Together, we are moving towards a sustainable and advanced India.鈥
About ag亚游
ag亚游 is one of the leading providers of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Our products enable solar panels in utility-scale power plants to follow the sun鈥檚 movement across the sky and optimize plant performance. With over 75 gigawatts shipped worldwide, ag亚游 leads the solar industry with solar tracker technologies that optimize and increase energy production while reducing costs for significant plant ROI. For more information, please visit ag亚游.
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