A Letter from Dan Shugar

Dear Nextracker Stakeholders,

We are excited to welcome you to our inaugural 2024 Sustainability Report.

As the world continues to transition to a clean energy future, the demand for solar is significantly increasing and Nextracker is playing a crucial role in meeting that demand.

We are a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. We envision a world where clean, affordable renewable energy is available for all. Our mission is to be the most trusted and valued renewable energy company by delivering intelligent, reliable, and efficient solar power, particularly as electric demand increases.

As we continue to grow and navigate the complex and evolving landscape of the renewable energy sector, this report marks a significant milestone for our company, underscoring our commitment to sustainability, transparency, and responsible growth.

We are building a sustainable and inclusive culture

We have been actively promoting sustainability principles within our company since our founding in 2013. As a newly independent public company, we solidified our commitment by hiring an ESG Director, setting up an ESG program, completing our first materiality assessment, and formulating a comprehensive sustainability strategy that aligns with our corporate strategy and vision.

Since 2023, we joined the Sustainable Steel Buyers Platform to accelerate the increase of the U.S. green steel market and the decarbonization of our supply chain. We are increasing transparency and disclosure with this report. By the end of 2024, we are committing to setting future sustainability-related targets, aligned with climate science and the Science Based Targets initiative (SBTi), and are also watching closely the developing regulatory landscape.

Nextracker is a truly global company, and I am inspired by our incredible cultural diversity. We work with customers around the world, supplying utility-scale and distributed generation projects from the Americas to Europe, Australia, Africa, and the Arabian Peninsula and beyond. Our global offices are living examples of diversity in action—from India to Mexico, China to Brazil, and Spain, we are consciously building a culture where mutual respect comes first, and all employees feel safe and supported to reach their aspirations.

Nextracker is on the forefront of the solar industry’s work to build a more diverse and equitable workforce. Our leadership on diversity initiatives, such as Renewables Forward, a DEI champion and industry partner, and our launch of the Half the Sun scholarship, a global scholarship for women’s representation in solar, are just two examples of our efforts to create a more representative industry.

Most importantly, we are optimistic. We believe our success lies in the energy transition happening now, which will increase solar energy and reduce our collective negative impacts on our planet.

Thank you to our stakeholders for supporting our efforts to get to this point, and to our internal teams who have worked diligently to achieve these results and this first report. We will continue building our ESG program as we continue scaling Nextracker to support the expanding renewable power transition.

Best,

Dan Shugar

Founder and CEO, Nextracker