Investor Presentation
Economics and Demand Driving the Addressable Market
Solar Economics
Solar now leads global energy capacity additions¹
Cost reduction progress,
& competitiveness
vs. coal and nuclear
$/MWh²
100%
6x
359
80%
60
2009
2023
60%
Industry & Macro Headwinds & Tailwinds
Renewables & Electrification Investments
40%
U.S. Inflation Reduction Act (IRA)
Decarbonization and Energy Independence
20%
Permitting and Interconnection Delays
Labor and Substation Equipment Shortages
Rising Interest Rates
0%
2010
2015
2022
nextracker.
1 BloombergNEF-Power Transition Trends 2023-10/16/2023; 2 Lazard Ltd., 2023 Levelized Cost of Energy+ version 16 - 4/12/2023.
5
Solar
60%
Renewables
Non-Solar
Legacy Gen
/ Fossil Fuels
©2023 NEXTRACKER
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