Arctech To Supply Solar PV Trackers to Brazilian Project Worth 168MW

Highlights :

  • Arctech will be supplying solar PV trackers to a Brazilian solar power project of 168 MW called SkyLine Project.
  • The company aspires to reach a portfolio of 1 GW in Brazil.
Arctech To Supply Solar PV Trackers to Brazilian Project Worth 168MW

America based solar tracker manufacturer, Arctech has announced that it has signed an agreement with Mori Energia for the supply of solar PV trackers for a Brazilian solar power project worth 168 MW, SkyLine Project. The company says that the new order shows the dedication of Arctech to strengthen its foothold in Brazil and expand its footprint in the Latam region and the rest of the world.

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Arctech claims to be the leading tracking, racking, and BIPV solutions provider in the world while Mori Energia is the distributed generation arm of Comerc Energia.

Jesse Lau, VP of Global Business and Services, Arctech, said, “Brazil market is the rising star in global solar markets with its booming DG projects and CG tenders. Thanks for the trust from all Brazilian clients in Arctech. With the new signings, Arctech will expedite its journey towards the 1 GW milestone in Brazil. We will continue to invest in the region and further comply with local content requirements for large CG projects.”

Matheus Nogueira, CEO, Mori Energia, stated, “Arctech has shown to be the best solution to our needs with its reliable and competitive SkyLine solutions. We are happy to join hands with Arctech in delivering our projects.”

The official statement reveals that the contract will facilitate the connection of 59 solar plants to several off-taking consumers through shared generation. The solar PV tracker shipments have doubled in Brazil in 2021 from the previous year and this gives reason to Arctech to enhance its presence in Brazil.

The segment also amassed 53 per cent in the share of the regional market. Solar’s cost competitiveness and the region’s favorable market policies saw consumers enter into bilateral agreements with generation companies, to own or lease their large-scale solar PV plants and reduce electricity bills.

The solar PV tracker market is rising rapidly, which has been reaffirmed by Precedence Research, which has shared that the volume of the market will reach $64.6 billion by 2030 clocking a CAGR of more than 15 per cent from 2022 onwards.

As per the report, Latin America currently stands to be the second-largest market for PV trackers with 19 per cent share in the global market. In 2021, Arctech emerged as one of the top 5 solar tracker solution providers in the Latam region and around the world. It maintains a portfolio of over 11 GW of solar PV trackers.

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