Soltec lands deal for 420MW of solar PV projects in Chile as well as Colombia

Jan 27, 2022 10:13 AM ET
  • Spanish solar tracker maker Soltec has signed agreements to supply 420MW of its SF7 bifacial trackers to 2 projects in Chile and Colombia-- likely owned by Enel Green Power-- that are due to be finished this year.
Soltec lands deal for 420MW of solar PV projects in Chile as well as Colombia
Image: Soltec

Along with providing trackers, Soltec will additionally supply building services to the projects, which were both began last year, assist in the recruitment of a neighborhood labor force as well as will acquire materials from neighborhood organization, the firm claimed in a declaration.

While the project owner was not named explicitly, Soltec chief executive officer Raúl Morales claimed the firm's "continued partnership with Enel Green Power in calculated nations, is excellent news for us".

"Both Chile, where we have actually been benefiting many years, and Colombia, a market with a great renewable resource capacity where we just recently entered, are to become two essential nations in terms of power reconversion," he added.

The Spanish company has been energetic in securing legal rights to provide trackers to solar PV projects just recently. Earlier this month, Enel Green Power signed an arrangement with Soltec for 610MW of its SF7 bifacial trackers for usage in 2 PV plants in Peru as well as Colombia.

On the same day this was announced, Soltec, with its subsidiary Powertis, sold a regulating risk in 421MW of its solar PV projects in Italy to German investment firm Aquila Capital under a co-development contract that has exceeded 750MW, with Soltec having been given specific rights over the supply of solar trackers utilized in the projects.

And also, in October last year, Soltec penciled a framework agreement with renewables developer Acciona Energia to supply trackers over a three-year duration in an offer that Soltec claimed would "strengthen the strategic partnership" in between both firms.

Soltec said it was the third largest vendor of solar trackers in the world when launching its last monetary outcomes for Q3 2021, which revealed the business making a slim bottom line. It said this was mainly because of international disruptions "arising from adjustments in logistical problems around the world and also a scarcity of personnel in some nations".

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