Emerging markets and innovation: Twin pillars of the solar tracker market
Global solar tracker shipments reached new record levels in 2019, exceeding 31 GW, up 55% year on year. Exceptional demand in the United States – as well as multiple gigawatt markets in Brazil, Mexico, Chile, Spain and Australia – helped propel the market to new heights, writes Cormac Gilligan, associate director at IHS Markit.
For many tracker suppliers active in the U.S. market, the stepdown in the investment tax credit (ITC) and the willingness of developers to safe harbor for projects yet to be built has meant that 2020 started very strongly.New marketsThe supplier landscape continued to be extremely competitive as leading suppliers expanded into new markets globally, with …
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