Soltec breaks ground in the Middle Eastern PV market

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Soltec, a manufacturer of single-axis solar trackers, will supply and install its equipment for a 16.5 MW PV plant in Jordan. This project represents the company’s debut in the Middle East. Soltec and EPC partner Sol9 will begin construction in June and expect the plant to be operating by the end of 2017. The installation will feature 637 units of the SF Utility tracker over 100 acres (40.5 ha) in Al Zumeilah, 30 miles (50 km) south of Jordan’s capital, Amman.

Because it is designed and proven for extreme desert conditions, the SF Utility is an ideal tracking solution for the region’s harsh environment. SF Utility is self-powered and provides the lowest cost of operational power with an autonomous power supply, requiring no additional PV module or grid-powered connection.

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Soltec’s global operations and work force of over 500 people blend experience with innovation. The company has manufacturing facilities in Brazil, Chile, China and Spain, as well as offices in Argentina, Denmark, India, Italy, Mexico, Peru and the United States. Highly dedicated to innovative research and product enhancement, Soltec offers the industry’s premier equipment.

Sol9 is a major EPC, efficiently maintaining and operating over 95 MW of solar capacity. Through leveraging strategic partnerships with leading module and component manufacturers, Sol9 has built the network and experience needed to optimize PV plant performance for investors worldwide. Sol9 provides bankable, fully-customized EPC solutions in collaboration with partners that are certified under the most rigorous international standards.

Soltec Tops List as Europe’s Fastest-Growing Solar Energy Company

Soltec ranks first place among renewable energy companies in the Financial Times 1000 list of Europe’s highest growth companies. With a staggering revenue growth rate of 778 percent between 2012 and 2015, Soltec earned 147th place on this prestigious list. The 2017 FT 1000 list compares revenue growth and compound annual growth rates from 2012 to 2015. Soltec ranked fifth of all 29 energy companies on the list, and first among the seven renewable energy companies. Soltec is the only tracking supplier among the list’s four solar companies.

In 2016, Soltec’s cost-effective PV tracker equipment and related services reached annual sales of more than 1 GW in the Americas and annual manufacturing capacity of 2.5 GW. Expected growth of annual shipments is close to 1 GW.

The FT 1000 recognizes the innovative companies that are a driving force behind Europe’s economy in the 21st century, generating high-wage jobs and sustaining competitiveness.

Source: Soltec