Soltec Signs Solar Trackers Supply Deal with Elecnor for 359 MW Project in Brazil

Spain-headquartered Soltec Power Holdings has signed a contract with Elecnor to supply solar trackers for a 359 MW project in Brazil. The contract covers the supply of bifacial trackers for a project that Elecnor will be developing in the Pirapora region in the state of Minas Gerais, Brazil.

March 27, 2021. By Manu Tayal

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Spain-headquartered Soltec Power Holdings has signed a contract with Elecnor to supply solar trackers for a 359 MW project in Brazil. The contract covers the supply of bifacial trackers for a project that Elecnor will be developing in the Pirapora region in the state of Minas Gerais, Brazil.

The project, which was already included in the company’s pipeline for 2021, is expected to increase the company’s operating indicators (operating backlog) at Soltec Industrial.

According to data at the end of December 2020, Soltec Industrial had a backlog of €190 million and a pipeline valued at €2,665 million.

Commenting on the development, Raúl Morales, CEO of Soltec Power Holdings, said, “we are very proud to be able to work with Elecnor on this project, reflecting Soltec's commitment to the Brazilian market while consolidating our leadership position in the photovoltaic sector of this country.”

The Brazilian market is strategic for Soltec Power Holdings, where it has a clear leadership position with a market share of 35.7 per cent and a track record of 2.2 GW in installed projects (out of a total track record of 8.4 GW for the company).

In March, the company announced two major milestones in the country i.e. firstly, a contract signed with Focus Energia to supply solar trackers for a project totalling 852 MW, corresponding to the first phase of what will be the largest solar photovoltaic project in Latin America, with bifacial trackers.

In addition, Soltec Power Holdings, through Powertis, recently announced the construction start at its first photovoltaic plants in Brazil, located in Pedranópolis (São Paulo) and Araxá (Minas Gerais), with a total capacity of 225 MW (112.5 MWp each).

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