Soltec lands bifacial tracker deal with Statkraft for 234MW of solar projects in Spain

Facebook
Twitter
LinkedIn
Reddit
Email
The SF7 trackers will be installed at four plants in Andalucía. Image: Soltec.

Soltec has signed an agreement to supply its SF7 bifacial solar trackers to Norwegian state-owned utility Statkraft for use in four PV projects being developed in the southern Spanish region of Andalucía.

The plants are being constructed this year and will have a combined capacity of 234MW and generate 500GWh of clean energy per annum when complete.  

According to Soltec, its SF7 bifacial trackers require seven supporting poles per 90 modules and can increase energy generation thanks to the company’s TeamTrack technology that is validated by TÜV Rheinland.

The Statkraft deal comes a month after Soltec signed another contract to provide trackers and construction services for utility Endesa for the development of three PV projects in Spain with a total capacity of 142MW.

While Spain-headquartered Soltec’s tracker unit closed 2020 with record operating indicators, a backlog of 1,891MW and a pipeline of 24,340MW, the company posted a loss for the year, in part due to project delays as a result of the coronavirus pandemic as well as increases in solar module costs. The company, which has been listed on the Spanish Stock Exchange since last October, then saw its revenues and earnings nosedive in Q1 of 2021.

With Statkraft targeting the development of 8GW of solar and wind by 2025, the company last year announced its acquisition of UK-headquartered PV project developer Solarcentury, giving it access to a 6GW solar pipeline across Europe and South America.

When that deal was announced, Statkraft CEO Christian Rynning-Tønnesen told PV Tech that there is an “obvious strong combination” where the company can benefit from flexible production by joining hydropower with the intermittency of solar and wind. 

15 September 2022
Bifacial PV modules will be the dominant solar PV technology globally within one or two years; in the utility-scale sector, their market share is already above 70%. This webinar will provide a clear view on the successful implementation of bifacial technology, maximizing system performance and minimising LCoE.

Read Next

August 15, 2022
How can solar PV projects boost their power output and raise profits amid rising module, land and equipment costs
August 11, 2022
US solar tracker supplier Array Technologies has bounced back from a difficult 2021 by posting strong Q2 2022 financial results mainly due to its acquisition of STI Norland, while upcoming tailwinds could buoy its performance further still moving through the year.
August 10, 2022
Iberdrola has commissioned the 590MW 'Francisco Pizarro' PV project in Extremadura Southwestern Spain, which is Europe’s largest solar plant.
August 10, 2022
US solar tracker manufacturer FTC Solar has cut its net losses compared with last quarter and Q2 2021 but has seen its revenue collapse, blaming a hostile solar environment in the US that has seen project delays and cancellations, which it said it now hoped was coming to an end.
August 9, 2022
Solar tracker maker FTC Solar and energy contractor AUI Partners have teamed up to provide solar tracking solutions for distributed generation (DG) projects under 20MW within an eight week time frame.
August 3, 2022
Spain has started the process to celebrate a fourth round of renewables auction in November with 1.8GW of solar capacity to accelerate its electrification.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event