Navitas Solar and Redington Solar Partnership for Expansion

Surat, 18^th May 2023: Navitas Solar, a leading module manufacturing company with a capacity of 500 MW p.a., has partnered with Redington Limited (NSE: REDINGTON), a leading technology solutions provider, for the seamless distribution of solar products across India.

The partnership between the two companies will help accelerate the adoption of solar power by businesses and retail segments across the country. Navitas Solar is expanding into the Indian and US markets and has developed a focused approach on sales, service and innovation for domestic consumers. The company not only believes in serving its institutional clients but with this partnership aims to expand its retail base across the country.

Navitas successfully raised funds recently for the expansion of its plant operations which will help the company to cater to a large segment of clients and retail consumers who are looking for simple, eco-friendly and trusted solutions for renewable power consumption. The company plans to expand the capacity to 1.2 GW p.a.

Mr. Ankit Singhania, Director & Co-Founder of Navitas Solar, said, “At Navitas Solar, we believe that the growing need of a large number of consumers will be renewable energy. For this, it becomes more important for us to be available at the right place and backed by quality services. Our partnership with Redington will help us establish a pan-India presence through retail network. We are sure that this move will help the country to meet the future energy demand by Sustainable products fulfilling the motive of “Aatmanirbhar Bharat”.

“We at Redington are committed to our ESG compliance and in this direction, we have partnered with Navitas Solar for distribution of the solar modules and panels. As Navitas Solar’s is considered trusted partner in the solar power industry, and solar EPC services, we are confident that our clients will benefit valued added cost-effective solutions. Through our extensive distribution network, we will make Navitas Solar’s products available to a wider market across the country,” said Pradeep Srikanthan, Business Head of Redington Solar.

Navitas Solar believes in strategic advantages by building such partnerships as it can focus more on core innovation and provide holistic solutions to various stakeholders in adopting renewable power.

About Navitas Solar:

Navitas Solar is a fast-growing solar panel manufacturing company based in Surat. It was founded in 2013 by young entrepreneurs Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania and Saurabh Aggarwal.

Navitas Solar is one of the leading solar module manufacturers in the country with a total manufacturing capacity of 500 MW per annum. It specializes in polycrystalline and Mono PERC solar modules ranging from 5 watts to 600 watts per panel.

Navitas Solar is among the few solar module-manufacturing companies in the country to have backward and forward integration. Its subsidiary Navitas Alpha Renewables Pvt Ltd manufactures EVA sheets to provide backward integration, while forward integration is provided by project execution & full-fledged EPC services for residential, commercial and industrial clients on rooftops as well as open access solar parks. Navitas Solar is ranked among the top 10 Indian solar manufacturers by JMK Research & Analytics.

Navitas Solar has more than 800 customers pan India, including governments, semi-government agencies, and commercial enterprises. Navitas Solar is actively looking to grow in other geographies like USA, Europe and Africa. Navitas Solar is committed to contributing to the worldwide clean energy movement through realistic solutions.

About Redington Ltd: Redington Limited, an integrated technology solutions provider and a Fortune 500 company, enables businesses in their digital transformation journeys by addressing technology friction – the gap between innovation and adoption. With presence across 38 markets through 60 subsidiary offices, over 290+ associations, and 40,000 channel partners, Redington enables seamless and end-to-end distribution for all categories of IT/ITeS, Telecom, Lifestyle, and Solar products in India, Singapore, South Asia, Middle-East, Africa and Turkey. Through its concentrated focus on technology, innovations, and partnerships, Redington is one of the most trusted distributors of products, services, and solutions across the world.

https://www.businessworld.in/article/Navitas-Solar-Redington-Solar-Team-Up-To-Expand-Solar-Distribution/19-05-2023-477182