Nextracker signs 1.5 GW tracker supply handle Silicon Ranch
- Nextracker will supply 1.5 GW of its solar trackers to US independent power producer (IPP) Silicon Ranch as part of a new agreement between the companies.
The deal, that includes an option to expand as Silicon Ranch's portfolio grows, will see the trackers deployed at the IPP's solar projects by the end of 2024.
An emphasis on safeguarding American-made trackers that feature US steel will enable Silicon Ranch to improve the carbon footprint of its supply chain while reducing logistics dangers, the companies stated.
Nextracker has responded to international supply disturbances by commissioning 2 United States production facilities in the last 2 months: one in Texas as well as one more in Arizona.
Silicon Ranch founder as well as CEO Reagan Farr said the tracker supply deal "enables us to decarbonise our supply chain as well as assistance added financial investments in American production".
The announcement follows Nextracker introduced in March a new terrain-following, single-axis tracker, the NX Horizon-XTR, which is created to expand the addressable market of solar projects on sites with sloped and uneven land.
The innovation yields a "much more structured means" to construct PV plants on diverse terrain, permitting Silicon Ranch "to provide premium solar projects as well as continue to be great stewards of the land at the same time", claimed Nick de Vries, Silicon Ranch SVP of technology and also property management.
Tennessee-based Silicon Ranch elevated US$ 775 million in new equity capital earlier this year to assist progress its project pipe as it aims to keep a technique of co-locating projects with regenerative agriculture.
The company has actually established a programme to deploy holistic land-use practices on PV plants in the US, with grazing animals, plants and also wildlife combining to enhance biodiversity and also sequester carbon in the soil.
With a portfolio of more than 4GW of solar as well as battery storage space acquired, unfinished or operating across the US as well as Canada, Silicon Ranch last month signed a deal to acquire 4GWdc of thin-film PV modules from First Solar.