NEXTracker, CleanMax Solar to set up tracker system in Chennai

Image
IANS New Delhi
Last Updated : Jan 23 2017 | 6:23 PM IST

American solar solutions provider NEXTracker announced on Monday that it is partnering with India's CleanMax Solar to supply a 30 MW solar tracker system to a project in Tamil Nadu.

"NEXTracker has partnered with CleanMax Solar, India's largest solar developer for corporate consumers, to supply 30 MW of its advanced NX Horizon single-axis trackers to a project in Tamil Nadu," the US firm said in a statement.

"The grid-connected project will deliver energy to a major IT consumer in Chennai, under a long-term contract with CleanMax Solar by which 100 per cent of the electricity generated will be consumed in Tamil Nadu. The system is expected to be operational by the end of Q1 2017," it said.

Solar trackers systems direct solar panels or modules towards the sun, changing their orientation throughout the day to follow the sun's path and maximise energy capture.

NEXTracker said it has recently supplied India's largest solar tracker project to the 105 MW Adani Power plant in Punjab.

The company, which has supplied close to 6 gigawatt (GW) of tracker systems worldwide, said its "trackers feature fewer foundations and assembly points, helping to mitigate geotechnical risk and accelerate project construction schedules".

"Our advanced solar tracker technology and experience in the India market will complement CleanMax Solar's efforts to accelerate India's private sector adoption of renewable power generation," NEXTracker Chief Executive Dan Shugar said at an event here.

"As the leading provider of solar power to corporates in India, we are always looking for the best technology to increase the output from our solar plants, and NEXTracker's technology complements this approach perfectly," said CleanMax Solar Managing Director Kuldeep Jain.

According to the statement, India's solar tracker market is expected to grow exponentially by 2021, amounting to 31 per cent of ground mount projects, up from 7 per cent in 2016.

With power utilities expected to account for 80 per cent of new projects in the next few years, solar trackers will have a major role in increasing utility yields by maximising energy capture.

--IANS

bc/vgu/dg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 23 2017 | 6:12 PM IST

Next Story