Net losses triple at US tracker maker after acquisition
New Mexico-based Array Technologies is keen to emphasize the revenue benefits of buying Spanish rival STI Norland and said US President Joe Biden’s Inflation Reduction Act would also be good for business.
Array Technologies acquires STI Norland for €570 million
The merging of both manufacturers could create a new world market leader. The transaction is expected to be finalized in the first quarter of 2022.
US tracker supplier Array Technologies to launch IPO
Array Technologies is going public the old-fashioned way by eschewing the SPAC method favored by other renewable companies such as QuantumScape and ChargePoint.
Array Technologies to raise $100 million in IPO
Array Technologies, a profitable solar-tracker company, is going public the old-fashioned way.
Nextracker the largest tracker provider in 2019
The ten largest solar tracker companies accounted for 88% of the market last year, according to analyst WoodMackenzie, with the market growing 20% from 2018.
IHS Markit: Trackers to account for a third of PV installations
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.
NEXTracker maintains dominance of global tracker market
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.
Rise of bifacial lifts profits for the world’s tracker companies
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.
Interview: Array Technologies’ new CEO; expanding and eyeing bifacial
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.
Rystad Energy: 83% of Australian utility scale pipeline to deploy 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.
