nextracker

PV tracker supplier Nextracker has signed an agreement with solar developer Atlas Renewable Energy to implement its tracker control system at a 902MWp solar plant in Brazil.

PV tracker supplier Nextracker has commissioned a new factory to produce steel components for its tracker systems. The facility was opened in partnership with MSS Steel Tubes USA, a joint venture subsidiary between Metalogalva and Soufe, two international industrial manufacturers.

Solar tracker and software provider Nextracker more than doubled its adjusted EBITDA in the financial year (FY) ending March 2023 compared with the previous year, up to US$209 million from US$92 million.

Solar tracker supplier Nextracker has signed a deal with EPC contractor Sterling and Wilson to supply trackers to a 1.2GW solar PV project in India.

US solar developer Swift Current Energy has started construction on its 800MWdc ‘Double Black Diamond’ solar PV project in central Illinois.

Based on a multi-year agreement, Nextracker will supply trackers for projects in Texas, Arizona, and Virginia.

Solar developer ib vogt has selected PV tracker solutions provider Nextracker to supply trackers for the Garnacha 150MW PV plant in Spain.

Long-term domestic supply deals and strategic partnerships between companies in the PV value chain are increasingly key to long-term supply chain security and ensuring project delivery to appropriate standards.

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.

PV tracker solutions provider Nextracker has set its initial public offering (IPO) price at US$24 per share, raising a total of US$638 million.