Power News We love to talk!
US-based sunshine solar tracker maker NEXTracker today said it will set up a manufacturing plant in India in next six months to push tracker-based solar power generation in the country.
NEXTracker, a Flex group company, manufactures sunshine trackers which enables solar panels and cells to absorb maximum heat and light. This enhances the efficiency of solar power generation by 15-20 per cent.
"We are in the process of setting up a tracker manufacturing facility in India particularly in Northern part of the country to start with," NEXTracker Vice President Emerging Markets Nava Akkineni said on the sidelines of a conference here.
Akkineni also said, "The company has tied up for supplying equipments (trackers) and other consultancy for setting up one gigawatt of solar energy plants in India and aiming to achieve another gigawatt during 2017".
Further, he said, "At present about 64 per cent of the material used in tracker has been localised. We have trained local manufacturers to provide equipment based on our standards. But we would like to set up our facilities which would be spread all over the country like it happens in construction material business."
Akkineni also told that NEXTracker would seal deals with firms among India's top 10 solar power producers for supply of equipment to aid one GW of capacities in few weeks. India's solar tracker market is expected to grow exponentially by 2021, amounting to 31 per cent of ground mounted projects, up from 7 per cent in 2016, the company said in a statement.
NEXTracker last year supplied India's largest solar tracker project to date for 105 MW Adani Power Plant in Punjab.
- Bundled tariff for power from solar, thermal plants likely to be Rs. 4.50/unit Read more
- TN electricity utility launches online services Read more
- Inox Wind bags 50 MW power project in Gujarat Read more
- Brent crude falls to $103 per barrel Read more
- The how-to of solar energy Read more
- India moves to daily petrol, diesel price change Read more
- Lok Sabha passes coal, insurance bills but elders in no mood to follow Read more
- KOR Energy installs 100 KWp grid tied rooftop solar system at Delhi Public School, Varanasi Read more
- Two-day conference to look at energy audit in educational institutes Read more
- ABB India revenue up 4.4% in Sept quarter Read more