Navitas Solar Eyes Expansion Through Partnership with Redington Solar

Solar Panel Manufacturing Firm Navitas Solar to Mark Presence in North America

Navitas Solar, a module manufacturing firm with a capacity of 500 MW p.a., has partnered with Redington Limited (NSE: REDINGTON), a technology solutions provider, for the distribution of solar products across India.

The partnership between the two firms will help accelerate the adoption of solar power by businesses and retail segments across the country. Navitas Solar claims expanding into the Indian and US markets and has developed a focused approach on sales, service  and innovation for domestic consumers. The firm, with this partnership, aims to expand its retail base across the country.

Recently, Navitas successfully raised funds for the expansion of its plant operations which will help the firm to cater to a large segment of clients and retail consumers looking for renewable power consumption. The firm plans to expand the capacity to 1.2 GW p.a.

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 is a fast-growing solar panel manufacturing firm based in Surat, founded by Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania and Saurabh Aggarwal. It specializes in polycrystalline and Mono PERC solar modules ranging from 5 watts to 600 watts per panel. The firm is actively looking to grow in other geographies like USA, Europe and Africa.

Redington Limited has presence across 38 markets through 60 subsidiary offices, over 290 associations, and 40,000 channel partners. It enables distribution for all categories of solar products in India, Singapore, South Asia, Middle-East, Africa and Turkey.