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.

Spanish tracker manufacturer Soltec saw its revenue and earnings tumble in the first quarter of the year, citing delays in PV project development due to higher raw material costs that have led to increased module prices.

Europe’s solar technology specialists may need up to €7 billion (US$8.51 billion) in capital investment in order to scale up domestic manufacturing to be globally competitive, according to a panel of industry leaders.

Spanish renewables firm Ecoener has become the latest Spanish renewables company to plan an Initial Public Offering (IPO).

Powertis has started construction work on two PV plants in Brazil that each have a capacity of 112.5MWp and are the Spanish developer’s first solar plants in the South American country.

Soltec recorded a €4.9 million (US$6 million) loss last year as the coronavirus pandemic caused projects delays and an increase in costs for the Spanish solar tracker manufacturer.

Spanish solar tracker manufacturer Soltec has unveiled plans to raise up to €150 million through an initial public offering to take aim at solar’s continued growth trajectory worldwide.

Single-axis solar tracker firm, Soltec has reported a range of bifacial module and tracker performance results from its Bifacial Tracker Evaluation Center (BiTEC) in Livermore, California, showing an advantage in using a 2P configuration and an overall bifacial gain of 15.7%.

Contract marks progress for BRL1.4 billion São Gonçalo project eight months after construction got underway at site in Piauí state.

PV installation touted as one of sub-Saharan Africa’s largest to be commissioned this week, with Astronergy modules, Soltec trackers and Gamesa inverters.