US solar tracker manufacturer Array Technologies has published its financial results for the third quarter of this year, with revenue decreasing by 32% to US$350.4 million due to the decreased shipments.
A new steel mill in Temple, Texas will supply steel tubing to solar tracker supplier Array Technologies for use in its deployments at utility-scale PV projects in the US.
Solar tracker supplier Array Technologies has increased its revenue in the opening quarter of 2023 due to higher volume sales and average selling price (ASP).
Energy company Avangrid, a US subsidiary of Spanish major Iberdrola, has partnered with solar tracker supplier Array Technologies with the intent to deploy more than US$30 million of its solar trackers.
US solar tracker supplier Array Technologies expects to finish 2022 with a revenue of US$1.62-US$1.64 billion, an organic growth of nearly 50% from 2021.
As solar projects become ever larger, sites with slopes and uneven terrain are becoming the norm for project development, leading tracker manufacturers to adapt their offerings accordingly. Molly Lempriere details the latest launches that aim to address this issue.
