STI Norland, manufacturer of single-axis solar trackers and fixed structures, has become the top supplier of equipment for PV projects in the entire Southern Hemisphere, according to a report published by the consultancy Wood Mackenzie. The company supplied 1,558 megawatts worth of its equipment for solar plants in 2019, thus exceeding the growth expected for last year. The increase was 84 per cent compared to 2018, when STI Norland supplied 846 megawatts of solar trackers. This means that the Spanish company has increased its global market share, becoming the sixth largest supplier of solar trackers.
"STI Norland's strategy seeks to increase both sales and the supply of solar trackers, already strengthened in 2019, to position ourselves within the top 3 players throughout 2020. The pillars on which we base this strategy are the reliability of our products, excellence in all phases of our value chain, and a firm commitment to helping our customers maximise the production of their PV plants," says Alberto Pérez Echeverría, STI Norland's CEO. “In addition, we were the world's largest supplier of dual-row solar trackers in 2019, a product we pioneered. STI Norland currently supplies the fifth generation of the dual-row tracker, which is highly optimized in line with our customers' needs."
Top supplier in Brazil
Noteworthy is the performance of the Brazilian subsidiary of the STI Norland Group, becoming the top supplier of the Latin American country with 39 per cent of the market share.
STI Norland Brasil's Director Javier Reclusa states that the company has its own manufacturing facilities in the country “which allows us to lower production costs and shorten delivery times. Also, it has helped us obtain the FINAME certification from the National Bank for Economic and Social Development, which allows our customers to access to financing under very favorable conditions.” (mfo)
