Investor Presentation

Economics and Demand Driving the Addressable Market Solar Economics Solar leads global energy capacity additions4 Cost reduction progress, & competitiveness vs coal and nuclear $/MWh5 100% 6x 359 80% 60 2009 2023 60% Policy Significantly Impacting Demand Solar 50% Decarbonization and energy independence 40% Renewables Non-Solar + U.S Inflation Reduction Act (IRA) 20% + Renewables & Electrification Investments Legacy Gen / Fossil Fuels - U.S. PV Module Trade Restrictions 0% 2010 2015 2021 Permitting and Interconnection Delays nextracker. 3.) 2020-2050; source: IEA 2022 4.) BloombergNEF-Power Transition Trends 2022-September 21, 2022. 5.) Lazard Ltd., 2023 Levelized Cost of Energy+ version 16 1.) From 2009 to 2021; Source: Lazard Ltd., Levelized Cost of Energy version 14.0, 2021. 2.) NREL: Electrification futures study 2021. ©2023 NEXTRACKER | Proprietary 10

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