Raytracker sees strong PV tracking systems’ demand after its revenues triple

As the PV industry grows and matures, achieving optimal economics is more of a focus than ever, says the company. Thus far, it says it has received purchase orders for 11 projects this year, and is expecting strong sales throughout the second half of the year. The company’s pipeline of quoted projects is now well over 1.5 gigawatts (GW) and it is continuing to ramp production throughout the rest of this year and into next year to meet expanding demand.

"As the credit crunch continues to thaw, we’re seeing an increased and strong demand from project developers looking for ways to improve the performance and economics of their new solar installations," said Mark Henderson, president of Raytracker. "With our product’s position as the industry’s most bankable horizontal single axis tracker available to solar EPC companies, we are asked to bid on an average of 10 megawatts (MW) of new projects per day, and our pipeline indicates we will see a strong growth trend continuing into the future.

"Our factories are currently running at seven MW per month and we have recently increased our capacity to 25 MW per month of total capacity to cover our expanding growth."