Array Technologies reveals to PV Tech Premium the core motivations behind its US$652m deal to acquire STI Norland, creating what it says is the world’s biggest tracker company, from stronger supply chains to an ability to target more international markets
US solar tracker supplier Array Technologies is to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in an acquisition that the Array said will create “the largest tracker company in the world”
Spanish solar tracker manufacturer Soltec reported a net loss of €100,000 (US$120,000) in Q3 and a €20 million (US$23 million) loss in the first nine months of the year due to “significant international disruptions”, according to its Q3 financial results released today
Spanish tracker manufacturer Soltec posted a sharp increase in its order backlog in the first half of the year but said logistics disruptions will impact its margins in H2.
Spencer Jansen, head of new technology solutions at developers Hive Energy and Ethical Power, assesses how the introduction of large-format solar modules has had repercussions throughout the solar design and procurement process.
Tracker manufacturer Arctech has secured a 2.1GW supply deal with China Machinery Engineering Corporation (CMEC) for the Al Dhafra PV2 PV plant in Abu Dhabi.
Renewables asset manager Arevon Energy has chosen Nextracker to provide its NX Horizon trackers for a 1.5GW portfolio of seven solar projects across Indiana and Nevada.
US tracker manufacturer FTC Solar is turning to alternative shipping methods and cost-cutting initiatives in a bid to return the business to profitability in Q4, with the company’s cost base continuing to surge.
US solar tracker provider Array Technologies slipped to a loss in the second quarter of 2021, but has changed business processes in order to reduce its exposure to future rises in commodity and shipping costs.
