JJ PV Solar partners with Nyalkaran to expand manufacturing capabilities in India

• The collaboration aims to expand manufacturing capacity and support the expansion into new markets
• JJ PV Solar brings industry expertise and experience in the highly competitive solar industry
• Nyalkaran brings in extended manufacturing capabilities to drive bigger opportunities.

Owing to its geographical location, India receives abundant, consistent sunlight all year round. This makes the country a highly lucrative, untapped market for developing solar energy as an alternative to conventional energy production methods. The partnership between JJ Solar and Nylkaran comes at an opportune moment and puts them right at the cusp of a great shift to solar – the Indian Government plans to install 175GW of renewable energy by 2030, out of which 100GW is slated to be produced through solar. JJ PV Solar and Nyalkaran Energy have agreed on a partnership to explore the potential for joint development of solar park projects, both domestically and nationally. This is a significant stepping stone in the journey of both companies and empowers them to compete with giants having a stronghold in the solar park segment. Both companies possess significant knowledge and experience and are hoping to disrupt the industry through high quality and competitive pricing.

Nyalkaran and JJ Solar possess complementary abilities that give them the upper hand in capturing a significant market share in Gujarat and will set them for a nationwide expansion in the years to come. Talking about the collaboration, Mr. Damji Akbari, Managing Director of JJ Solar says, “Nyalkaran is an ideal partner to support JJ Solar’s plans to enhance and grow solar energy generation based on its enhanced manufacturing capabilities and expertise in the solar landscape”. In view of the Indian Government’s plans to increase clean energy production to meet the growing electricity demands, the collaboration becomes even more significant.

Rajesh P. Joshi, Managing Partner, Nyalkaran Energy explained, “India has excellent incident sunlight which can help meet the country’s exceeding energy demands. If clear regulations and an effective subsidy scheme are put in place, the solar industry will gain a lot of momentum. Both JJ Solar and Nyalkaran want to be a part of that development.”

About JJ Solar
At JJ Solar, we are driven by the desire to make a greener, more sustainable today, and better tomorrow possible. We are poised to put all our strengths and capabilities together to make this come true. Every effort of ours converges in developing and maintaining the trust of our customers, a journey we have been on for a decade – our family of 10,000+ happy customers is proof. Their growth has been an integral part of our own; we have consistently delivered on our commitment to them by providing high-quality, energy-
efficient solar solutions.

Working closely with highly competent and experienced technology and manufacturing partners, we wish to extend the benefits of sustainable energy to every home and business. So that the people of our country can look beyond the cost of energy consumption and the environmental impact of its generation – towards revenue generation, business opportunities, and sustainability.

About Nyalkaran

Being dedicated to solar, we are focused on addressing the needs of our customers through rugged, efficient, reliable products in line with the world’s best technology in solar, while maintaining continuous interaction with them to assess their emerging requirements, so as to be ready when the needs arise. We are committed to total customer satisfaction by identifying their specific needs, translating sources into resources in quality products, and providing dependable after-sales services. This commitment is the cornerstone of our Quality Policy and we strive to achieve it by putting into place a Quality System. We plan to
achieve this goal through our strength – our employees and seek their continuous involvement in achieving the company and its objectives. As a company, we will strive for higher goals and continue to provide a good career path and greater benefits to employees. We shall continue to provide all forms of training in self-development programs not only to our staff but to our business partners/associates and dealers alike. We are a strong believer in training for advancement. “Together We Can Make It”

Forward-looking statements:
This press release contains forward-looking statements. These statements reflect the current views, expectations, and assumptions of management, and are based on information currently available to management. Forward-looking statements do not guarantee the occurrence of future results and developments and are subject to known and unknown risks and uncertainties. Actual future results and developments may deviate materially from the expectations and assumptions expressed in this document due to
various factors. These factors primarily include changes in the general economic and competitive environment. Furthermore, developments in financial markets and changes in currency exchange rates as well as changes in national and international laws, in particular in respect of fiscal regulation, and other factors influence the company’s future results and developments. Neither the company nor any of its affiliates undertake to update the statements contained in this press release.