California-based NEXTracker will open new sales offices in Europe, as it prepares to supply single-axis PV trackers for more than 400 MW of orders it has secured on the continent.
The company expects new solar installations to surge in Europe over the next few years. It cites a recent report by IHS Markit indicating that solar demand is soaring on the continent, particularly for utility-scale PV installations that include solar trackers. The research group claims that by 2023, 43% of new ground-mounted solar projects that are built every year will include PV tracking systems.
“We have successfully built our supply chain, operations and sales efforts in what are now thriving solar energy regions across the globe, and we see Europe as a promising market,” said Dan Shugar, NEXTracker CEO. “After solar’s many years on hiatus in Europe, we’re excited to bring our latest energy yield technologies to this renewed market.”
Last month, Wood Mackenzie revealed that NEXTracker maintained its lead over the global market for PV trackers in 2018. The company claimed roughly 30% of the international market in terms of shipments last year. Global demand for trackers surged by 20% in 2018 from the preceding 12-month period, driving total international shipments up 36% year-on-year to surpass the 20 GW mark, the research firm reported.