The tracking industry’s second-largest player has signed an agreement to supply RP Construction Services with 1 GW of single-axis solar trackers just 20 days after coming to a 1.4 GW agreement with Lightsource BP.
For the third year in a row, more utility-scale solar was installed in the Southeast than any other region in the country, while trackers dominate the mounting market.
In a webinar reflecting on the 2020 competition, installers, organizers and judges shared their experiences about what made the event such a hit. There was mention of a ground-mount competition in the future.
The solar racking market has quiet revenues of billions of dollars and continues to consolidate — driven by equity firms such as Esdec and Tenex. The market segment has become a small hotbed of M&A.
Also in the brief: The Trump administration is burying dozens of studies detailing the promise of renewable energy, Kansas utility goes for “grid access” charge, plus sonnen working with Stanford
Also in the brief: The Trump administration is burying dozens of studies detailing the promise of renewable energy, plus battery stewardship and recycling
The solar racking market has quiet revenues of billions of dollars and continues to consolidate — driven by equity firms such as Esdec and Tenex. The market segment has become a small hotbed of M&A. Who’s next?
IHS Markit: At 10% market share, Swinerton Renewable Energy maintained its position as the preferred EPC contractor in the U.S. First Solar and Cypress Creek intend on exiting the EPC segment, creating opportunities for established local EPCs and the emerging group of international firms eyeing the growing U.S. utility-scale market.
The IPO priced at $22, above the top of the anticipated range of $19 to $21 — valuing the solar firm at about $2.8 billion.
The reception in the financial community on the eve of the Array Technologies IPO must have been enthusiastic.
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