Solar tracker manufacturer Soltec has signed a financing agreement with real assets investment advisory firm Incus Capital to fund its renewable asset management and exploitation business Soltec Asset Management.
Tracker manufacturer Ideematec has signed a tracker supply agreement with utility-scale developer Solar Proponent for some of its solar projects in Texas, the US.
PV mounting systems provider Polar Racking has acquired Axsus Solar, adding the Axsus Sol-X single-axis tracker to its product portfolio in the process.
Nextracker has unveiled a new terrain-following tracker designed to expand the addressable market of solar projects on sites with sloped and uneven land.
Spanish energy company Iberdrola is to provide technical and financial support to four projects that are focused on promoting the coexistence of solar plants with agriculture, livestock farming and horticulture.
Spanish tracker manufacturer Soltec saw its revenue and earnings tumble in the first quarter of the year, citing delays in PV project development due to higher raw material costs that have led to increased module prices.
Soltec recorded a €4.9 million (US$6 million) loss last year as the coronavirus pandemic caused projects delays and an increase in costs for the Spanish solar tracker manufacturer.
