Soltec grows U.S. presence

The tracker maker has deployed 299 MW of its systems in the United States this year, as part of a global gain in market share.

Soltec

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Trackers are taking the U.S. market by storm. According to a recent analysis by Lawrence Berkeley National Labs, 79% of the utility-scale solar capacity put online in 2016 was mounted on a tracking system, as the technology is increasingly deployed in new parts of the country.

This growth is marked by fierce competition, as tracker makers rise and fall in the dynamic space. Yesterday Spanish tracker maker Soltec announced that it has become the third-largest tracker maker in 2017, and the largest tracker maker in Europe. The company was the sixth-largest global tracker maker last year.

Soltec’s growth includes expansion in the U.S. market. The company reports that it has supplied four utility-scale solar projects in the nation, for a total of 229 MW.

The company is growing an even more enviable presence in Latin America, with 517 MW of projects in Brazil, and estimates that overall it will supply more than 1.1 GW of trackers this year. This in turn has enabled an estimated 200% increase in revenues.

This may be only the beginning, as Soltec is in the process of expanding its manufacturing capacity to be able to supply 2.5 GW of trackers per year.

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