HYDERABAD, India--(BUSINESS WIRE)--May 27, 2025--
Nextracker (Nasdaq: NXT), a global leader in advanced solar energy solutions, today announced that it has surpassed 10 gigawatts (GW) of solar tracker deployments in India—a major milestone reinforcing its market leadership and the country’s accelerating solar adoption. In response to this growth, Nextracker is expanding its footprint with a new 80,000 sq. ft. office and research and development (R&D) facility in Hyderabad, reinforcing its long-term commitment serving customers throughout the region and India’s clean energy future.
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With 1.8 GW of projects added in the last quarter alone, Nextracker’s India portfolio now totals over 10 GW, underscoring strong momentum in solar adoption. Recent project wins include a 305 MW project withReNew in Anantapur, along with 1.5 GW of projects through partnerships with key EPCs (engineering, procurement, and construction companies) across the country—highlighting Nextracker’s expanding presence in India’s high-growth solar regions.
Speaking on the partnership with Nextracker for the Anantapur project, Sanjay Varghese, Group President – Solar Projects & Manufacturing, ReNew, said, “We welcome Nextracker as a partner in supporting our solar projects. As we continue to expand our footprint in renewable energy, such collaborations help in driving project efficiency and contributing to the sector’s broader goals.”
To further strengthen its presence in the world’s third-largest solar power market, Nextracker inaugurated its largest office outside the United States. The new Hyderabad hub integrates R&D, testing, and workforce development under one roof, featuring a 13-acre Center for Solar Excellence (CFSE) cutting-edge R&D and testing laboratory. Supported by a USD $1 million investment, the CFSE is dedicated to advancing local solar technology and training in India.
Building on its existing workforce of over 400 employees in India, Nextracker is accelerating its hiring efforts across engineering, manufacturing, and customer support. The Hyderabad facility will also focus on skill development initiatives to nurture local expertise in advanced solar technology and project execution.
Under the ‘Make in India’ initiative, 95% of Nextracker’s tracker components used in India are manufactured domestically. This localization supports supply chain resilience, energy security, and technology localization, enabling Indian solar developers to access industry-leading, climate-resilient solutions tailored to the country’s unique energy landscape and conditions.
Rajeev Kashyap, senior vice president and managing director, Nextracker (Middle East, Africa, and India) said, “This region is one of the world’s fastest-growing solar markets, and our Hyderabad expansion reflects our deep commitment to supporting that growth. With 10 GW of projects commissioned or under delivery, we are equipping developers with best-in-class technology optimized for the country’s diverse needs, while investing in local talent, infrastructure, and innovation to meet the country’s renewable energy goals.”
“ Nextracker’s investment in advanced manufacturing is not only a significant milestone for the company, but also an important moment for India’s broader renewable energy ecosystem,” said Subrahmanyam Pulipaka, CEO, National Solar Energy Federation of India (NSEFI). “This kind of technology-driven, future-forward collaboration exemplifies what we need to achieve our national clean energy goals. By localizing the production of intelligent solar tracking systems and integrating advanced automation with domestic expertise, Nextracker is making a meaningful contribution to India's Atma Nirbhar Bharat vision in the renewable energy sector.”
“At NSEFI, we believe India’s next phase of solar growth will be driven by innovation, resilience, and self-reliance,” said Pulipaka. “Partnerships like Nextracker’s—linking global technology with domestic manufacturing—are key to scaling our energy transition while ensuring quality and sustainability. We commend their leadership and look forward to supporting more such initiatives aligned with India’s renewable energy targets.”
About Nextracker
Nextracker is a global leader of advanced solar technology solutions used in power plants around the world. Our technology platform enables solar power plants to follow the sun’s movement across the sky and optimize performance. With products operating in more than forty countries worldwide, Nextracker offers solar tracker technologies and innovative solutions that accelerate solar power plant construction, increase performance, and enhance long-term reliability. For more information, visit Nextracker.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements relating to our expectations with respect to our operations in India and the adoption of renewable energy, including solar power, in India. These forward-looking statements are based on various assumptions and on the current expectations of Nextracker’s management. These statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements, including without limitation, changes in the demand for solar energy in India, competition from conventional and other renewable energy sources, changes in the global trade environment, including the imposition of import tariffs or bans, and changing business conditions in our industry or markets overall and the economy in general. Other risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements are also described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Nextracker’s most recent Annual Report on Form 10-K and other documents that Nextracker has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextracker is not aware of or that Nextracker currently believes are immaterial that could also cause actual results to differ from the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextracker assumes no obligation to update these forward-looking statements.
Nextracker India team celebrating 10 gigawatt milestone and expands market operations.
HAVANA (AP) — Trumpets and drums played solemnly at Havana's airport Thursday as white-gloved Cuban soldiers marched out of a plane carrying urns with remains of the 32 Cuban officers killed during a stunning U.S. attack on Venezuela.
Nearby, thousands of Cubans lined one of Havana’s most iconic streets to await the bodies as the island remained under threat by the administration of U.S. President Donald Trump.
The soldiers' shoes clacked as they marched stiff-legged into the headquarters of the Ministry of the Armed Forces and placed the urns on a long table next to the pictures of those killed. Tens of thousands of people paid their respects, saluting the urns or holding their hand over their heart, many of them drenched from standing outside in a heavy downpour.
Thursday’s mass funeral was only one of a handful that the Cuban government has organized over the past half-century.
The soldiers were part of the security detail of Venezuelan President Nicolás Maduro during the Jan. 3 raid on his residence to seize the former leader and bring him to the U.S. to face drug trafficking charges.
State television also showed images of what it said were more than a dozen wounded combatants from the raid, accompanied by Cuban Foreign Minister Bruno Rodríguez after arriving Wednesday night from Venezuela. A man identified in state media as Col. Pedro Domínguez attended Thursday's ceremony in a wheelchair.
He said it was a “disproportionate attack” that killed 11 colleagues around him as they slept. Domínguez said he was committed to doing “whatever it takes to defend this people and to remain united in the face of threats from the United States.”
Tensions between Cuba and the U.S. have spiked, with Trump recently demanding that the Caribbean country make a deal with him before it is “too late.” He did not explain what kind of deal.
Trump also has said that Cuba will no longer live off Venezuela's money and oil. Experts warn that the abrupt end of oil shipments could be catastrophic for Cuba, which is already struggling with serious blackouts and a crumbling power grid.
Officials unfurled a massive flag at Havana's airport as President Miguel Díaz-Canel, clad in military garb, stood silent next to former President Raúl Castro, with what appeared to be the relatives of those killed looking on nearby.
Cuban Interior Minister Lázaro Alberto Álvarez Casas called the slain soldiers “heroes” of an anti-imperialist struggle spanning both Cuba and Venezuela. In an apparent reference to the U.S., he said the “enemy” speaks of “high-precision operations, of troops, of elites, of supremacy.
“We, on the other hand, speak of faces, of families who have lost a father, a son, a husband, a brother,” Álvarez said.
The events demonstrate that “imperialism may possess more sophisticated weapons; it may have immense material wealth; it may buy the minds of the wavering; but there is one thing it will never be able to buy: the dignity of the Cuban people,” he said.
Carmen Gómez, a 58-year-old industrial designer, was among the thousands of Cubans who lined a street where motorcycles and military vehicles thundered by with the remains of those killed.
“They are people willing to defend their principles and values, and we must pay tribute to them,” Gómez said. “It’s because of the sense of patriotism that Cubans have, and that will always unite us.”
The 32 military personnel ranged in age from 26 to 60 and were part of protection agreements between the two countries.
Officials in Cuba have said they expect a massive demonstration Friday across from the U.S. Embassy to protest the deaths.
“People are upset and hurt ... many do believe that the dead are martyrs” of a historic struggle against the United States, analyst and former diplomat Carlos Alzugaray told The Associated Press.
In October 1976, then-President Fidel Castro led a massive demonstration to bid farewell to the 73 people killed in the bombing of a civilian flight financed by anti-revolutionary leaders in the U.S. Most of the victims were Cuban athletes.
In December 1989, officials organized a ceremony to honor the more than 2,000 Cuban combatants who died in Angola during Cuba’s participation in a war that defeated the South African army.
In October 1997, memorial services were held following the arrival of the remains of guerrilla commander Ernesto “Che” Guevara and six of his comrades, who died in 1967.
The latest mass burial is critical to honor those slain, said José Luis Piñeiro, a 60-year-old doctor who lived for four years in Venezuela.
“I don’t think Trump is crazy enough to come and enter a country like this, ours, and if he does, he’s going to have to take an aspirin or some painkiller to avoid the headache he’s going to get,” Piñeiro said. “These were 32 heroes who fought him. Can you imagine an entire nation? He’s going to lose.”
The remains arrived a day after the U.S. announced $3 million in additional aid to help the island recover from the catastrophic Hurricane Melissa. The first flight took off on Wednesday, and a second flight was scheduled for Friday. A commercial vessel also will deliver food and other supplies.
Cuba had said on Wednesday that any contributions will be channeled through the government.
But U.S. State Department foreign assistance official Jeremy Lewin said Thursday that the U.S. was working with Cuba’s Catholic Church to distribute aid, as part of Washington's efforts to give assistance directly to the Cuban people.
“There’s nothing political about cans of tuna and rice and beans and pasta,” he said Thursday, warning that the Cuban government should not intervene or divert supplies. “We will be watching, and we will hold them accountable.”
Lewin said the Cuban government has a choice to: “Step down or better provide towards people.” Lewin added that “if there was no regime,” the U.S. would provide “billions and billions of dollars” in assistance, as well as investment and development: “That’s what lies on the other side of the regime for the Cuban people.”
Rodríguez, the Cuban foreign minister, said the U.S. government was “exploiting what appears to be a humanitarian gesture for opportunistic and politically manipulative purposes.”
Coto contributed from San Juan, Puerto Rico.
Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america
People line up outside the Ministry of the Revolutionary Armed Forces where the remains are on display of the Cuban officers who were killed during the U.S. operation in Venezuela that captured President Nicolas Maduro, as it sprinkles rain in Havana, Cuba, Thursday, Jan. 15, 2026. (AP Photo/Ramon Espinosa)
Military members line up outside the Ministry of the Revolutionary Armed Forces where the urns containing the remains of Cuban officers, killed during the U.S. operation in Venezuela that captured President Nicolas Maduro, are on display in Havana, Cuba, Thursday, Jan. 15, 2026. (AP Photo/Ramon Espinosa)
Military members pay their last respects to Cuban officers who were killed during the U.S. operation in Venezuela that captured Venezuelan President Nicolas Maduro, at the Ministry of the Revolutionary Armed Forces where the urns containing the remains are displayed during a ceremony in Havana, Cuba, Thursday, Jan. 15, 2026. (AP Photo/Ramon Espinosa)
A motorcade transports urns containing the remains of Cuban officers, who were killed during the U.S. operation in Venezuela that captured Venezuelan President Nicolas Maduro, through Havana, Cuba, Thursday, Jan. 15, 2026. (AP Photo/Ramon Espinosa)
Soldiers carry urns containing the remains of Cuban officers, who were killed during the U.S. operation in Venezuela that captured Venezuelan President Nicolas Maduro, at the Ministry of the Revolutionary Armed Forces in Havana, Cuba, Thursday, Jan. 15, 2026. (Adalberto Roque /Pool Photo via AP)
A motorcade transports urns containing the remains of Cuban officers, who were killed during the U.S. operation in Venezuela that captured Venezuelan President Nicolas Maduro, through Havana, Cuba, Thursday, Jan. 15, 2026. (AP Photo/Ramon Espinosa)
A motorcade transports urns containing the remains of Cuban officers, who were killed during the U.S. operation in Venezuela that captured Venezuelan President Nicolas Maduro, through Havana, Cuba, Thursday, Jan. 15, 2026. (AP Photo/Ramon Espinosa)
People line the streets of Havana, Cuba, Thursday, Jan. 15, 2026, to watch the motorcade carrying urns containing the remains of Cuban officers killed during the U.S. operation in Venezuela that captured Venezuelan President Nicolas Maduro. (AP Photo/Ramon Espinosa)
Workers fly the Cuban flag at half-staff at the Anti-Imperialist Tribune near the U.S. Embassy in Havana, Cuba, Monday, Jan. 5, 2026, in memory of Cubans who died two days before in Caracas, Venezuela during the capture of Venezuelan President Nicolas Maduro by U.S. forces. (AP Photo/Ramon Espinosa)
