Array Technologies

Array Technologies, one of the world's largest producers of ground-mounted systems utilized in solar power projects, has revealed that it has actually been awarded a contract for approximately 4 GW of trackers from Primoris Services Corporation, a leading supplier of specialized contracting services.

Eight of the globe's largest solar tracker service providers have currently approved items suitable with large-area PV modules featuring cell sizes of approximately 210mm.

Array Technologies has actually secured a contract to supply 1GW of its single-axis solar trackers to RP Construction Services (RPCS), a US-based supplier of design and installment services for PV projects.

Solar tracker supplier Array Technologies stated it defeated expectations throughout Q3 regardless of a slide in year-on-year earnings associated with moving purchase patterns.

Array Technologies has actually upsized its scheduled initial public offering and upgraded its pricing, disclosing the company plans to increase greater than US$ 1 billion in gross earnings.

Array Technologies, a rewarding solar-tracker business, is going public the old-fashioned way.

US-based solar tracker manufacturer Array Technologies is seeking to raise as much as US$ 100 million with an initial public offering (IPO).

New analysis predicts more than 150 GW of tracker capacity will be installed in the next five years – around a third of all ground mount projects up to 2024. Rapid growth in Europe, the Middle East and Africa; and the better cost structures possible from combining trackers and bifacial modules are singled out as key trends.