Navitas Collaborates with Sustainable Equity and Colby Solar for 1.2 GW Solar Manufacturing Facility in America

"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 favorable 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."

"The journey of our company is a testament to our unyielding commitment to excellence. Each milestone underscores our drive for success while making positive social and environmental impacts," says Vineet Mittal, Co-Founder and Director of Navitas Solar. "In 2014, we embarked on that path by acquiring land and building our dedicated module manufacturing unit. By 2015, we were producing with an initial capacity of 75 MW per year, and we also established our EPC office in Pune, India. Our manufacturing has expanded to 1.7 GW module production capacity per year and will reach 5 GW annually within the next five years."

A remarkable feature of Navitas Solar is its mastery in backward and forward integration, a rarity in the industry.

Navitas Solar, a trailblazer in renewable energy, stands on the brink of heralding a new era for the North American solar landscape. 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.