Exosun, worldwide leading supplier of advanced, cost-effective solar tracking solutions for ground-mounted photovoltaic (PV) plants, has obtained from the National Bank for Economic and Social Development (BNDES) the FINAME code number 3418617 for its Exotrack HZ solar tracker, which assures the compliance with Brazilian local content requirements through its subsidiary Exosun Brazil Ltda.
Luiz Carlos Lima Alves, General Manager of Exosun Brazil says “After this long process we are satisfied that our customers can have access to competitive lines off financing through BNDES, BNB and others development banks to buy our tracker system. We are convinced that obtaining the FINAME, added with our strong local team commitment will allow us to offer competitive solutions that will make a difference in the market.”
“In the last year, we have been working to ensure 70% of our Exotrack HZ is manufactured in Brazil. The production areas are Rio Grande do Sul, Minas Gerais and Bahia. Today, we have a yearly manufacturing capacity of 280 MW, which is a good starting point when adding our group capacity of 2 GW per year“ adds Francois Ménard, Exosun’s CEO.
The Brazilian Market has more than 3GW to be built before November 2018, with 92% to be installed with solar tracking technologies. Indeed, the net-metering market has increased on last year and also would use trackers to improve the yield of projects, overall to projects above 1MWp, when is most attractive in terms of return of investments.