Solar Panel Producer Navitas Solar to Mark Presence in North America

By Saur News Bureau/ Updated On Thu, Aug 24th, 2023

Highlights :

The U.S. solar photovoltaic (PV) sector has been surging over the last several years. From a cumulative capacity of 32.96 gigawatts (GW) in 2016, America’s solar industry has soared to a staggering 111.25 GW by the end of 2022, underscoring an impressive Compound Annual Growth Rate (CAGR) of 22.5%.
Together with Sustainable Equity and Colby Solar, Navitas is poised to announce a transformative partnership in the North American solar landscape, a 1.2 GW solar manufacturing facility with growth toward 10 GW within a few years.

Solar Panel Producer Navitas Solar to Mark Presence in North America

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

Solar panel manufacturing firm, Navitas Solar, is now expanding its global footprint and has established a strategic collaboration in the U.S. with key local partners including Sustainable Equity, Colby Solar, Pruitt & Associates, and Energized Ventures with support from law firms Husch Blackwell, Bricker Graydon, and consultants Attracting Resources. This partnership aims to bolster Navitas Solar’s international presence by distributing Navitas Solar modules in North America through a new entity, Geosol Global Distribution, and manufacturing U.S.-made modules through its 1.2 GW facility under development in the American Midwest.

The new entity “Navitas USA by Colby” will bring global manufacturing excellence, product innovations, and a local customer-centric approach to North America. This new alliance’s intricate details and its implications will be exclusively disclosed in the framework of RE+ in Las Vegas on September 13 in Las Vegas, where the partners will be unveiling their latest venture and collaborations that promise to reshape the future of solar energy in North America.

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In light of the bright solar sector outlook in the United States and multiple State-level leadership initiatives, the current market environment is better than ever. One example is the State of Illinois’ pioneering Clean Energy Jobs Act (CEJA) legislation. This groundbreaking initiative signifies a transformative step towards a greener and more sustainable future and features strong equitable workforce development incentives for renewable energy companies in Illinois.

“The CEJA legislation, with its comprehensive approach to advancing clean energy, renewable resources, and environmental equity and inclusion, aligns with our core values and commitment to promoting clean energy and innovative solutions,” said Lloyd Wynn of Colby Solar.

“These favourable conditions create the perfect breeding ground for new business alliances, such as our new strategic partnership with Navitas Solar,” said Byron DeLear, Chief Executive Officer and Head of Impact and Sustainability for Sustainable Equity. “We are very proud to introduce ‘Navitas USA by Colby,’ the first majority Black-owned solar manufacturing facility in the United States, a 1.2 GW operation with plans to grow to 10 GW within a few years.”