Nextracker delivers first 100% US-manufactured solar trackers under IRA
Author: PPD Team Date: December 11, 2024
Author: PPD Team Date: December 11, 2024
Solar tracker provider Nextracker has announced the delivery of its first US-manufactured solar trackers, achieving 100% domestic content value under the Inflation Reduction Act (IRA). This marks a key advancement in localizing the US solar supply chain.
The trackers will be used in SB Energy’s 570MW Pelican’s Jaw solar project, which includes 954 megawatt-hours (MWh) of energy storage.
The project, under construction by SOLV Energy, highlights the benefits of local manufacturing in reducing supply chain disruptions and emissions.
Nextracker CEO Dan Shugar emphasized that localizing manufacturing not only strengthens supply chain resilience but also ensures superior delivery, cost savings, and sustainability by using clean steel produced in the US.
Since 2021, Nextracker has invested heavily in domestic manufacturing, opening or expanding 25 US factories with an annual capacity exceeding 30GW. This infrastructure reduces lead times, enhances product performance, and supports high-paying manufacturing jobs in the renewable energy sector.
SB Energy co-CEO Abhijeet Sathe praised Nextracker for its leadership in building a robust US supply chain, driving supply security and supporting domestic job creation.
Author: PPD Team Date: November 8, 2024 Inox Wind Limited has announced a net profit of Rs 902.2 million for the quarter ending September 2024, contrasting with a loss of Rs 292.3 million in the same quarter last year. Total income rose significantly, increasing by 93 percent to Rs 7,417.4 million, compared to Rs 3,844 million in the same period the previous year.
Author: PPD Team Date: December 3, 2025 REC Limited has promoted Shri Hemant Kumar to Executive Director with effect from 02 December 2025. The company announced the elevation in a filing to the stock exchanges. Shri Kumar previously served as Chief General Manager of Finance and Accounts. He holds a Master’s degree in Finance and a Bachelor’s degree in Science with Physics Honours. The new role places him one level below the Board. REC said…
Author: PPD Team Date: March 25, 2025 Hero MotoCorp Limited has announced an investment of Rs 5.25 billion in Euler Motors to enter the electric three-wheeler market. The investment will be made in multiple tranches, allowing Hero MotoCorp to acquire a 32.5 per cent stake in Euler Motors on a fully diluted basis. The transaction is expected to be completed by April 30, 2025, through a mix of primary and secondary acquisitions. The investment will…
Author: PPD Team Date: November 17, 2025 Adani Power Limited and Adani Green Energy have secured Letters of Award from the Assam Government for two large energy projects worth about Rs 63,000 crore. The package includes a 3,200 MW ultra supercritical thermal plant and two pumped storage plants with a combined 2,700 MW, which together represent the biggest private sector investment in the northeast. Adani Power will put in close to Rs 48,000 crore to…
Author: PPD Team Date: November 19, 2025 Jakson Group has started construction on the first phase of its 6 GW integrated solar manufacturing facility in Madhya Pradesh. Chief Minister Dr Mohan Yadav laid the foundation stone for the project, which will cover ingot, wafer, cell, and module production. The first phase will include 3 GW of solar cell capacity and 4 GW of solar module capacity. The company plans to add ingot and wafer lines…
Author: PPD Team Date: July 9, 2025 The Delhi government is planning a floating solar project on the Munak Canal. The project is in the planning phase. Feasibility studies are underway. A detailed project report and technical design are expected soon. Water Minister Parvesh Sahib Singh said the canal plays a vital role in Delhi’s water supply but also causes losses and safety issues. “The Munak Canal is a lifeline for Delhi’s water supply. But…