Array Technologies is going public the old-fashioned way by eschewing the SPAC method favored by other renewable companies such as QuantumScape and ChargePoint.
New analysis predicts more than 150 GW of tracker capacity will be installed in the next five years – around a third of all ground mount projects up to 2024. Rapid growth in Europe, the Middle East and Africa; and the better cost structures possible from combining trackers and bifacial modules are singled out as key trends.
The global market for solar trackers expanded by 20% in 2018, with total international shipments spiking 36% year-on-year to surpass the 20 GW mark, according to a new report by Wood Mackenzie. NEXTracker and Array Technologies maintained their industry dominance, but a number of smaller competitors claimed a greater share of the global market in the 12 months to the end of December than ever before.
Things are hotting up in the tracker world as the desire to squeeze down the price per Watt of solar power intensifies. And the rise of the trackers is attracting some well-known businesses to buy their way into the field.
U.S.-based tracker supplier Array Technologies took part in the panel discussion on bifacial technology at the Future PV Roundtable during Intersolar Europe last week. pv magazine caught up with panelist Caesar Alberte, VP International, to discuss the company’s new CEO and its work on bifacial tracking.
Single-axis tracking technology will be deployed in the vast majority of Australian large scale solar projects currently under development. Rystad Energy made the observation in its latest research note, adding that at present two companies share 90% of the confirmed orders.
Over the next three years, Array expects to supply multiple gigawatts of trackers to the developer, as its “primary” tracker supplier.
A report published by TÜV Rheinland, which was commissioned by tracker manufacturer, Array Technologies, shows that centralized tracker systems such as those offered by Array Technologies offer an LCOE advantage over other, decentralized system architectures.
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