The investment will be used to drive the Spain-based project design software company’s growth with a focus on the United States.
The Spanish solar tracker builder is hoping to debut on the stock markets of Madrid, Barcelona, Bilbao and Valencia this year. American solar tracker company Array Technologies has also filed to go public.
This pv magazine series, done in collaboration with industry experts, will analyze the challenges and opportunities created by the new generation of 500 W and greater panels.
The ten largest solar tracker companies accounted for 88% of the market last year, according to analyst Wood Mackenzie, with the market growing 20% from 2018.
Iberdrola’s 500 MW Núñez de Balboa solar park has started commercial operations, following the completion of construction in December.
The project is part of a 280 MW pipeline the Caribbean island is hoping to build in its effort to restore a safe and stable power supply to the population.
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