FREMONT, CA, May 4, 2015 – NEXTracker, Inc., designer and manufacturer of the world’s most advanced single axis PV trackers, today announced that it has substantially completed a 70MW shipment to Australia’s largest tracking solar installation. The 70MW solar project on the Moree Plains of New South Wales (NSW) is being installed by Elecnor, a global Engineering & Procurement Contractor (EPC) specializing in infrastructure and renewable energy. The project owner, Fotowatio Renewable Ventures (FRV), is a leading global operator specializing in the complete development and management of solar power assets. The $164 million project is funded by FRV, with $101 million funding support from the Australian Renewable Energy Agency (ARENA) and debt on commercial terms from the Clean Energy Finance Corporation (CEFC).
“NEXTracker’s technology is an excellent tracker solution for this challenging project,” said Pedro Fernandez, Elecnor project manager. “NEXTracker has developed a unique foundation solution that addresses the challenging soil conditions found at this project site in Australia. The company’s novel technology minimizes site grading and grounding requirements – and simplifies design, installation, and maintenance.”
“NEXTracker greatly appreciates the opportunity to serve Tier 1 global renewable energy customers Elecnor and FRV, and applauds FRV, ARENA and the CEFC’s vision for solar to play a growing role in achieving the Renewable Energy Target. We have expanded globally to meet the tremendous demand for tracking solutions,” said NEXTracker CEO Dan Shugar.
Global demand for solar trackers continues to expand rapidly as the market has transitioned to higher irradiance locations where trackers deliver outstanding increases in power production. NEXTracker’s technology is proven to be a cost-effective solution to maximize solar project returns. Advanced features address and overcome layout constraints, significantly reduce the number of foundations and use of steel, eliminate stress on the drive components by aligning modules with the axis of rotation, and simplify AC wiring requirements.
About NEXTracker, Inc.
NEXTracker offers a significant breakthrough in horizontal tracking, with lower costs, better performance and more flexibility for solar power plants of all sizes. These benefits increase solar project profits for developers, EPCs and system owners. Leveraging world-class design and installation expertise, NEXTracker has delivered trackers for dozens of projects, across multiple continents. Headquartered in Fremont, California, NEXTracker is one of the fastest growing clean technology companies.
ARENA was established by the Australian Government to make renewable energy technologies more affordable and increase the amount of renewable energy used in Australia. ARENA invests in renewable energy projects, supports research and development activities, boosts job creation and industry development, and increases knowledge about renewable energy. ARENA is currently supporting more than 200 projects and is actively seeking new projects to support.