25 Nov 2024
Navitas Solar, a leading player in India’s solar manufacturing industry, has taken an unprecedented step in advancing India’s clean energy goals by partnering with Ariel Green, the Clean Energy division of Ariel Re. This partnership marks a milestone in enhancing the reliability and financial appeal of solar PV modules, setting a new standard for quality and sustainability.
Facilitated by Howden as the project’s insurance consultant, Ariel Green’s Technology Performance Insurance is at the core of this alliance, reflecting both companies’ deep commitment to supporting India’s renewable energy objectives.
Empowering a Greener India
Navitas Solar has firmly established itself as a key player. With experience spanning over three decades, they are leading India’s sustainable energy revolution. Their state-of-the-art facility boasts a remarkable manufacturing capacity of 2 GW p.a., which will climb to 6 GW by 2025.
While specializing in manufacturing PV solar modules, the company is also known for its highefficiency Polycrystalline, Mono PERC, and the latest N-type TOPCon Bifacial Modules, thereby advancing the domestic clean energy landscape.
“This partnership with Ariel Green is transformative,” says Vineet Mittal, Founder and Director of Navitas. “We are committed to delivering solar modules with enhanced reliability, supported by top-tier insurance, to ensure our clients’ investments are protected for the long term.”
With this alliance, Navitas is not only enhancing the quality of its products but also offering clients extended warranties, reinforcing its dedication to performance and customer satisfaction.
The Role of Ariel Green: Ensuring Performance and Building Trust
As a part of the globally recognised Ariel Re Group, Ariel Green brings in their unparalleled expertise in performance insurance solutions for critical environmental technologies. Their role in this partnership extends beyond warranty extensions. Navitas’s PV modules now come with extended product warranties of up to 12 years and power warranties lasting up to 25–30 years, depending on module type. This assurance instills confidence among clients, allowing them to invest in solar technology that is both financially sound and secure.
Kit Chu, Ariel Green’s lead solar underwriter, notes, “Ariel Green is pleased to qualify Navitas for long-term cooperation, supporting Navitas’s commitment to quality and contributing to India’s solar mission.” Navitas Solar is offering clients a dependable solution for long-term solar investment by integrating with Ariel Green’s expertise.
Howden’s role as the insurance consultant solidifies the foundation of this collaboration. “PV warranty insurance provides a solid platform for domestic manufacturers to compete at a global level,” says Burzin Umrigar, Head of Renewable Energy at Howden. This “badge of quality” reassures clients that Navitas modules are built to meet the highest standards in durability and performance.
Making Solar Investments Secure
Ariel Green’s Technology Performance Insurance transforms solar investment viability by providing security beyond standard warranties. Businesses now have more confidence in the projects they are investing in. The assurance of being backed by a globally reputed company builds trust in renewable energy as a practical, safe, and economically sound choice, driving India closer to its Net Zero ambitions.
Such collaborations also broaden solar technology’s appeal to investors, accelerating the shift toward sustainable energy. As India’s energy landscape evolves, Ariel Green’s insurance support underscores the financial security of solar investments, positioning Navitas’s products as a reliable solution to power India’s clean energy future.
Leading Towards a Cleaner, Sustainable Future
This partnership supports India’s renewable energy roadmap, aligning seamlessly with the government’s goals for emissions reduction. Navitas’s ongoing expansion, enabled by Ariel Green’s insurance backing, allows it to scale its impact nationwide. By promoting products with long-term reliability and quality assurance, Navitas strengthens India’s stance in the global renewable energy market and makes substantial strides toward a cleaner, greener future.
A Commitment to Innovation and Quality
Navitas Solar’s facility, soon capable of producing up to 6 GW annually, is an embodiment of the company’s commitment to scalability and innovation. As a carbon-neutral organization, Navitas sets a strong example for sustainability in India’s renewable sector. The introduction of advanced N-type TOPCon Bifacial Modules, producing up to 720 watts per panel, showcases Navitas’s drive to deliver the latest innovations, meeting increasing demand with products that are both powerful and reliable.
Navitas’s commitment to quality aligns closely with its mission to foster a cleaner future for India, reinforcing the essential role of domestic manufacturers in advancing large-scale environmental goals.
Global Recognition and Domestic Success
With Ariel Green’s support, Navitas Solar gains a “badge of quality” that elevates its status internationally. Ariel Green’s Technology Performance Insurance assures existing clients of product reliability and positions Navitas alongside global players in the solar industry. This collaboration strengthens Navitas’s competitive edge, reinforcing its reputation and commitment to performance and sustainability.
A Shared Vision for a Sustainable Future
The partnership between Navitas Solar and Ariel Green reflects a shared vision for renewable energy. Together, they are setting a new standard in the solar industry, proving that innovation, reliability, and sustainability can go hand in hand.
As India advances toward its renewable energy goals, this collaboration demonstrates the power of strategic partnerships in realizing a greener future.
By prioritizing quality and innovation, Navitas and Ariel Green are paving the way for sustainable growth in India’s clean energy landscape. “This is just the beginning,” says Mittal. “Our partnership with Ariel Green is a catalyst for change, reinforcing our commitment to providing reliable and highquality solar solutions across India.”
Through dedication and vision, Navitas and Ariel Green are truly lighting the path to a sustainable future for India and beyond.
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