Navitas Solar eyes major expansion by partnering with Redington Solar

Surat, 19th 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.