With the global tracker market for utility-scale solar booming, NEXTracker is taking advantage of a strategic agreement that it has in place with Indian conglomerate Adani. As part of the agreement, NEXTracker, now owned by Flextronics, has delivered its trackers to a 105 MW PV plant that is being developed by Adani Green Energy in the Indian state of Punjab.
The site is the largest solar farm in India that will use tracking technology. The project is already 50% installed and commissioned and is set to be connected to the grid in the final quarter of 2016.
Were very pleased to be incorporating NEXTrackers advanced solar tracking system into our utility-scale PV projects; their high quality components and solid financial backing by Flex are important aspects of our solar strategy, commented CEO of Adani Green Energy Jayant Parimal. After evaluating NEXTrackers technology, we found the systems balanced design and robust wind capability are ideal for our environmental and soil conditions, and will help maximize energy yield and cost savings.
Solar trackers are currently experiencing a boom in PV markets around the world, with increasing deployment for utility-scale projects. India is one such market that could develop into a hotbed for tracking technology, as the government has set a target of 100 GW of installed PV by 2022. Trackers could be a vital aspect of this deployment, to help make solar projects profitable in the face of low tariffs for electricity generated by PV.
NEXTracker is well placed to take advantage of this market due to its partnership with Adani, and its strong financial position after being bought by Flextronics in September 2015. The company was also the winner of pv magazines Array Changing Technologies award in June for its NX Fusion integrated solution for utility-scale solar.
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