NEXTracker™, a Flex company, announced today it 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 grid-connected project will deliver energy to a major IT consumer in Chennai, under a long-term contract with CleanMax Solar. Set up under the Group Captive Scheme, 100% of the electricity generated will be consumed in Tamil Nadu. The system is expected to be operational by the end of Q1 2017.

NEXTracker Partners with CleanMax Solar to Deliver Solar Power in

Tamil Nadu, India

30 MW grid-connected solar project to supply large IT consumer in Chennai

FREMONT, CA, USA & MUMBAI, INDIA, January 11, 2017 — NEXTracker™, a Flex company, announced today it has partnered with CleanMax Solar, Indias 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 grid-connected project will deliver energy to a major IT consumer in Chennai, under a long-term contract with CleanMax Solar. Set up under the Group Captive Scheme, 100% of the electricity generated will be consumed in Tamil Nadu. The system is expected to be operational by the end of Q1 2017.

"We are proud to be partnering with Indias leader in the corporate solar market, CleanMax Solar," said NEXTracker CEO, Dan Shugar. "In the five years since its inception, CleanMax Solar has assembled an impressive portfolio of global industrial corporations to which it is providing clean energy generation. Our advanced solar tracker technology and experience in the India market will complement CleanMax Solars efforts to accelerate Indias private sector adoption of renewable power generation."

"We are pleased to be working with NEXTracker on this project. The Company has a strong global track record of executing projects with superior design engineering and exceptional customer service," stated CleanMax Solar Managing Director, Kuldeep Jain. "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 NEXTrackers technology complements this approach perfectly."

Traditionally a non-tracker market, Indias solar tracker market is expected to grow exponentially by 2021, amounting to 31% of ground mount projects, up from 7% in 2016. Many developers, such as CleanMax Solar, are expressing interest in solar tracking systems for private PPAs. NEXTracker recently supplied Indias largest solar tracker project to date - the 105 MW Adani Power Plant in Punjab.

NEXTrackers proven high quality design, coupled with local deployment, installation and commissioning support are ideal for large-scale solar in India. The companys trackers feature fewer foundations and assembly points, helping to mitigate geotechnical risk and accelerate project construction schedules. With close to 6 GW of tracker systems delivered worldwide, NEXTrackers PV system technology and experience in the market, paired with CleanMax Solars tremendous success as developer, will help accelerate solar deployment in India - and around the world. Watch this video to learn more.

About NEXTracker
NEXTracker, a Flex company, advances the power plant of the future with solar tracker and energy storage innovations to increase performance and reduce costs for all size power plants. As the #1 tracker supplier worldwide, NEXTracker is globally recognized for delivering the most advanced photovoltaic solutions for hundreds of projects across five continents. Headquartered in the San Francisco Bay Area, the Company has offices in China, India, Spain, Latin America, and Australia. For more information, visit: NEXTracker.com and follow the Company on Twitter @NEXTracker.


About CleanMax Solar
Founded in 2011, CleanMax Solar is Indias largest provider of solar power to corporate consumers. Headed by Managing Director, Mr. Kuldeep Jain, CleanMax Solar has national presence with 5 offices across India. It provides solar power to MNCs, large corporate, leading educational institutes and government buildings across the country, helping them to reduce power cost and carbon footprint without incurring any upfront cost. CleanMax provides zero-investment solar solutions through both onsite/rooftop and grid-connected solar plants. For further details, log onto: http://cleanmaxsolar.com/