Arcelormittal confirmed as buyer of Exosun

One day after several media articles revealed ArcelorMittal, the world’s largest producer of steel, was interested in acquiring the insolvent French solar tracker manufacturer, Exosun, the company has announced in a press release it has been chosen as the preferred bidder by the Commercial Tribunal of Bordeaux, France.

Arcelormittal said that, through this operation, Exosun will now benefit from new industrial, commercial and R&D synergies, and that it will also rely on the group’s financial solidity in order to better serve its clients, which develop large-scale solar projects.

“Thanks to the acquisition of Exosun’s assets,” said the steel maker’s CEO Johannes De Schrivjer, ArcelorMittal’s offer in the field of solar energy is gaining a new dimension. We will provide our customers with the industrial expertise and guarantees they expect to carry out their projects and contribute even more to the energy transition.”

De Schrivjer also said he believes the tracker market, which currently represents 25% of the global market of large-scale PV, may increase its share to 50% by 2020.

According to Arcelormittal, which is already active in the solar energy business through the manufacturing of a range of PV products based on steel and the development of utility-scale solar plants, Exosun has so far delivered its trackers to around 700 MW of PV projects worldwide.

The company provides horizontal single-axis solar trackers for ground-mounted PV plants. Its devices were mounted in facilities built in Chile, Jordan, France, Mexico, and the United States.