Soltec signs a 359 MW supply contract with Elecnor in Brazil
The signing represents an increase in Soltec Industrial's operational indicators (operational backlog). The Brazilian market is a strategic one for Soltec Power Holdings, where it has a clear leadership position, with a market share of 35.7% in Brazil and a track record of 2.2 GW in installed projects (8.4 GW is the company's total track record).
Soltec Power Holdings has signed with Elecnor a contract to supply solar trackers for a 359MW project in Brazil.
This is a contract for the supply of bifacial trackers for a project to be developed by Elecnor in the Pirapora region in the state of Minas Gerais, Brazil.
The incorporation of this project, which was already included in the company's pipeline for 2021, increases Soltec's operational indicators (backlog). According to data at the end of December 2020, Soltec Industrial then had a backlog of €190 million and a pipeline valued at €2,665 million.
According to Raúl Morales, Chief Executive Officer of Soltec Power HoldingsWe are very proud to be able to work with Elecnor on this project. This is a reflection of Soltec's commitment to the Brazilian market, and also demonstrates our consolidation in the country as one of the leaders in the photovoltaic sector".
The Brazilian market is a strategic one for Soltec Power Holdings, where it has a clear leadership positionThe company has a market share of 35.7% in Brazil and a track record of 2.2 GW in installed projects (out of a total track record of 8.4 GW). In March, the company announced two major milestones in the country: firstly, the signing of a contract with Focus Energy for the supply of solar trackers for a project amounting to 852 MW, which corresponds 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 start of construction of 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).
About Soltec Power Holdings
Soltec Power Holdings is a leading company specialising in integrated solar PV solutions with a focus on solar tracking systems and a strong commitment to innovation.
Based in Murcia, Spain, the company started its career in 2004 and has a diversified geographic presence focused on Spain, North America and Latin America. It is present in 16 countries with more than 1,320 employees. Since its incorporation, Soltec has supplied trackers for projects with a total of 8.4 GW of installed capacity by the end of 2020. The company has been listed on the Spanish Continuous Market since 28 October 2020 under the ticker 'SOL'.