Leeward Renewable Energy and Nextracker Expand Strategic Partnership with 3-Year Volume Commitment Agreement for 3 Gigawatts of Solar Tracker Technology
01 Agosto 2023 - 10:00AM
Business Wire
Agreement furthers shared commitment to
advancing the U.S. supply chain, facilitating domestic
manufacturing and job creation
Nextracker’s innovative technology to enhance
performance and resiliency of LRE’s solar portfolio
Leeward Renewable Energy (LRE), a high-growth renewable energy
developer and independent power producer, and Nextracker (Nasdaq:
NXT), a global market leader in utility-scale solar tracker and
software optimization technology, today announced that they have
signed a Volume Commitment Agreement (VCA) to deliver three
gigawatts (GW) of Nextracker’s NX Horizon™ smart solar tracking
system to LRE solar projects under development and construction
through 2027. This is the second VCA agreement between LRE and
Nextracker, further extending their strategic partnership.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230801740734/en/
(Photo: Business Wire)
As part of the agreement, Nextracker will provide its solar
tracker and software technology to LRE solar power projects located
in strategic geographies across the U.S. Paired together,
Nextracker's TrueCapture™ and NX Navigator™ software technologies
maximize solar energy production and offer reliability features
that help protect solar panels and mitigate the adverse effects of
extreme weather, such as snow, hail, and high winds.
“We are pleased to expand our long-standing partnership with
Nextracker, whose technology will enhance energy production at our
facilities,” said Jason Allen, LRE Chief Executive Officer.
“Nextracker is a domestic supplier with a strong track record of
delivering systems on time, and our agreement allows LRE to
significantly de-risk our supply chain and uphold our commitment to
providing our customers with reliable energy to meet their needs
and sustainability goals.”
“The team at Leeward Renewable Energy have been strong
supporters of our domestic manufacturing program for several years
now and we’re grateful for their trust,” stated Dan Shugar, founder
and CEO of Nextracker. “We’re delighted to be supplying our high
performing solar tracking systems and advanced software to the LRE
VCA project portfolio—with mostly domestic content.”
The agreement emphasizes a shared commitment by both companies
to increase domestic job creation and U.S.-made manufacturing of
renewable energy projects. Much of the steel and electronics used
in the supply of Nextracker’s systems are manufactured in factories
the company has commissioned over the past two years, creating
several hundred jobs. Nextracker will supply LRE finished steel
product from its recently opened domestic steel manufacturing
locations in Pennsylvania, Tennessee, and Texas as part of this
agreement.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy (LRE) is a high-growth renewable energy
company building a sustainable future for all. The company owns and
operates a portfolio of 25 wind, solar, and energy storage
facilities across the United States, totaling approximately 2,700
megawatts of generating capacity, and is actively developing and
contracting a robust pipeline of new renewable energy projects. LRE
takes a tailored, full-lifecycle approach to its projects, which is
underpinned by its long-term ownership model and purpose-driven
culture that is dedicated to benefiting its community partners
while protecting and enhancing the environment. LRE is a portfolio
company of OMERS Infrastructure, an investment arm of OMERS, one of
the largest defined pension plans in Canada, with C$124.2 billion
in net assets (as of December 31, 2022). For more information,
visit www.leewardenergy.com.
About Nextracker
Nextracker is a leading provider of intelligent, integrated
solar tracker and software solutions used in utility-scale and
distributed generation solar projects around the world. Its
products enable solar panels to follow the sun’s movement across
the sky and optimize plant performance. With plants operating in
more than thirty countries worldwide, Nextracker offers solar
tracker technologies that increase energy production while reducing
costs for significant plant ROI. For more information, visit
Nextracker.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230801740734/en/
LRE Media Kelly Kimberly
713.822.7538 Liz James 281.881.5170 FGS Global
lre@fgsglobal.com
Nextracker Media Alex Petersen (on
behalf of Nextracker) (203) 313-7699 alex@tigercomm.us
Nextracker (NASDAQ:NXT)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Nextracker (NASDAQ:NXT)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024