NEXTracker Completes Delivery of Trackers for 3.4 GW of Solar Portfolio

• NEXTracker has actually finished the distribution of its clever solar trackers for 174 Power Global's 3.4 gigawatts (GW) United States solar projects profile.

NEXTracker has actually revealed that it was picked by 174 Power Global, an associate of Hanwha Group, to provide its wise solar trackers throughout 174 Power Global's 3.4 gigawatts (GW) United States solar projects profile. The agreement was carried out in the 2nd fifty percent of 2019. The business arrangement notes among the biggest racking agreements in solar market background.

" NEXTracker has a tried and tested performance history for on-time distribution, adaptability and also the capability to range as well as fulfill consumer's needs," mentioned Henry Yun, CEO of 174 Power Global. "NEXTracker's dispersed design as well as excellent return gain innovation were essential to our choice. Having actually a guaranteed tracker supply as well as price financial savings assured with Safe Harbor as we remain to intend our project pipe is essential ahead of time our goal of developing a much more lasting future."

When the ITC stages down, services are looking to increase the advantage of the solar financial investment tax obligation credit rating (ITC) prior to the end of the year. The ITC went down from 30 percent in 2019 to 26 percent this year as well as will certainly decrease an added 4 percent factors in 2021 prior to being up to 10 percent in 2022, the company released in a declaration.

" 174 Power Global has actually established an excellent solar profile and also we are recognized that our ingenious, wise solar trackers were consisted of throughout its projects," claimed Dan Shugar, CEO of NEXTracker. "This news shows our capability to range and also provide our consumers solid design assistance, bankability and also on-time shipment in the context of liquid as well as difficult international supply problems."

In June 2019, we had actually reported that the company had actually introduced its most current market landmark, with 20 gigawatts (GW) of its clever solar trackers supplied as well as under energetic fulfilment around the world. The company was called the No. 1 provider of photovoltaic (PV) tracker systems around the world in 2018, a title it has actually held for 4 successive years, according to study and also working as a consultant companies IHS Markit and also Wood McKenzie Power and also Renewables.