• World’s #1 market share and leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world.
• Products enable solar panels in utility-scale power plants to follow the sun’s position across the sky and optimize plant performance.
• With operating fleet in over 30 countries, company leads the solar industry with solar tracker solutions & amp; technologies that increase energy production while reducing costs for significant plant ROI.
• World’s leading provider of intelligent solar tracker and software solutions for utility-scale and distributed generation solar projects.
• Products optimize solar panel performance by tracking the sun’s position across the sky.
• Global presence with operations in over 30 countries.
• NASDAQ Listed

• Invested in local manufacturing capacity development in Indian subcontinent.
• The manufacturing capacity is scaled up to 10GWp per year, serving both US and Indian PV projects.
• Employs over 800 employees directly, with 3x to 5x employment generation in the ecosystem.
• Over 75% of tracker components are currently manufactured in Indian sub continent, with a goal to exceed 90%.

• Aims to support Indian subcontinent’s renewable energy target by scaling up to 15GWp/year by 2030.
• Plans to expand manufacturing technologies and skill sets, requiring an additional investment of >500 Crores and creating >1100 jobs.
• The company recently signed an agreement to deliver solar trackers to a 2.45GW Solar PV Project.

Next Stage Requirements – PPP

• Land allotment for R&D setup.
• Financial incentives for R&D setup.
• Custom duty exemption and GST waivers on imports.
• Reimbursement of insurance premium and exemption on electricity & water charges.

• Production Linked Incentive, financial incentives, and insurance premium reimbursement.
• Assistance with transportation costs and banking finance.
• UNSDG Initiative – Customs duty exemptions and waivers.
• Income tax holidays and reduced corporate tax slabs.
• Exemption for electricity & water usage charges.
• Seeks PPP support to establish a Center for Solar Excellence and enhance their manufacturing capabilities to contribute to state’s clean energy transition.