• Soltec Power Holdings has signed a contract with Focus Energia in Brazil for the supply of solar trackers with a total output of 852 MW. • This is the first phase of the largest bifacial tracker project in Latin America. • Soltec is committed to its potential as a strategic PV market in Brazil, where it already has a 35.7% market share and a track record of more than 2.2 GW in projects in the country.
March 5, 2021. – Soltec Power Holdings, through its subsidiary Soltec Energías Renovables SL, has signed a contract with Focus Energia for the supply of solar trackers for a project in Brazil with an output of 852 MW. The project will begin with the installation phase in July 2021.
This contract corresponds to the first phase of the largest project in Latin America with bifacial trackers.
Raul Morales, CEO of Soltec Power Holdings: “It is a real pleasure to work for a client like Focus Energia. We expect this to be the first in a series of joint projects in Brazil, a market that Soltec has a clear commitment to and with a first-class partner who gives us great confidence and comfort “.
Soltec Power Holdings has a clear leadership position in the Brazilian market with a market share of 35.7% in Brazil and a track record of 2.2 GW in this market (out of the company’s total balance sheet of 8.4 GW). This is proof of the company’s commitment to a country that is already considered a global photovoltaic energy and has great development potential.
In this way, the company continues to increase its operating capacity (order backlog). According to information at the end of December 2020, Soltec Industrial had an order backlog of EUR 190 million and a pipeline worth EUR 2,665 million, of which EUR 1,917 million were associated with projects with a probability of success of 50% or more. With this transaction, Soltec Power Holdings increases its operational order backlog and confirms the good visibility for the 2021 financial year in its Soltec Industrial division.
About Soltec Power Holdings
Soltec Power Holdings is a leading integrated solar PV solutions company focused on solar tracking systems with a strong commitment to innovation.
Soltec Power Holdings, headquartered in Molina de Segura, Murcia, Spain, has been operating since 2004 and has a diversified geographic presence with a focus on Spain, North America and Latin America. It is represented in 16 countries with more than 1,320 employees. Since its inception, Soltec has delivered trackers for projects with a total installed capacity of around 8.4 GW. The company has been listed on the Spanish Continuous Market since October 28, 2020 under the ticker ‘SOL’.