tracker

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Nextracker Posts Seventh Consecutive Quarter of Double-Digit Revenue Growth

US-based solar tracker firm Nextracker’s net profit climbed 193.9% year-over-year (YoY) to $115.39 million in the second quarter (Q2) of the financial year (FY) 2024-25...

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Gensol Enters US Market with Solar Trackers Subsidiary Scorpius

Energy solutions provider Gensol Engineering has entered the U.S. market with the launch of its Delaware-based subsidiary, Scorpius Trackers. The launch marks the...

August 28, 2024

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Tina Freese

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Solar
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Array Swings to $13.6 Million Profit in Q1 on Higher Solar Tracker Shipments

Utility-scale solar tracker company Array Technologies swung to a profit of $13.6 million for the first quarter (Q1) of the financial year (FY) 2023 from a loss of $37.5...

May 11, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Solar Tracker Provider FTC Solar’s Q1 Loss Narrows on Lower Cost of Services

U.S.-based solar tracker systems provider FTC Solar’s net loss narrowed to $11.8 million for the first quarter (Q1) of the financial year (FY) 2023 from $27.8 million...

May 11, 2023

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Gourav Mishra

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Markets & Policy

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Solar
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New Acquisition Helps Array Technologies Cut Q4 Net Loss to $17.3 Million

The net loss of Array Technologies, a provider of utility-scale solar tracker technology solutions, narrowed to $17.3 million in the fourth quarter (Q4) of the financial...

March 23, 2023

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Gourav Mishra

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Finance and M&A

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Solar

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Utility Scale
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Solar Tracking Systems Company FTC Solar’s Loss Reduces to $25.62 Million in Q2 2022

U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $30.7 million in the second quarter (Q2) of 2022, a year-over-year (YoY) drop of 39% compared...

August 10, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Solar Tracker Manufacturer Arctech’s Joint Venture in India Starts Trial Operations

Arctech, a solar tracking and building integrated photovoltaic (BIPV) solutions provider, announced its first joint venture Jash Energy — a 3 GW solar tracker factory in...

June 8, 2022

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Gourav Mishra

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Manufacturing

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Solar
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Solar Tracker Manufacturer Soltec’s Revenues Up by 354% YoY in Q4 2021

Soltec Power Holdings, in its recently announced financial results, recorded revenues of €159.6 million (~$177.4 million) in Q4 2021, a year-over-year (YoY) increase of...

March 4, 2022

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Arjun Joshi

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Markets & Policy

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Solar
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US Had a Pipeline of 160 GW for Solar Projects With Battery Storage at the End of 2020

According to a recently released report by Lawrence Berkeley National Laboratory (LBNL), the pipeline of solar capacity in the U.S. at the end of 2020 was around 460 GW....

October 8, 2021

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Harsh Shukla

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Other

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Renewable Energy
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NTPC Subsidiary Floats Tender for 30 MW of Solar Projects in Madhya Pradesh

NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC Limited, has issued a tender for 30 MW of grid-connected rooftop, ground-mounted, and elevated...

December 17, 2020

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Nithin Thomas

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Solar

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Tenders & Auctions

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