- PVH says it will build what will be the ‘world’s largest solar tracker factory’ with an undisclosed annual capacity
- It will be located in Spain’s Valencia for which the company has acquired more than 6 hectares of land
- The fab will exclusively manufacture solar structures and trackers, and expand the company’s global manufacturing capacity to 25 GW/year
Leading solar PV tracker manufacturer PV Hardware (PVH) from Spain’s Gransolar Group plans to build the ‘world’s largest solar tracker factory’ in Spain’s Valencia with an aim to expand its annual global manufacturing and supply capacity to 25 GW.
For this new fab, whose annual capacity it does not disclose, PVH has acquired more than 6 hectares of land in Valencia to exclusively manufacture solar structures and trackers.
Currently, the company has its activities spread across 7 different locations in the Valencian industrial area and in the coming months, it plans to expand with the construction of a tube factory for over $20 million investment.
The move to build the new fab is aimed at unifying the company’s activities to increase its annual manufacturing capacity, the management stated. At the same time, it points at the benefits of having in-house manufacturing in terms of control over the supply chain, shorter delivery times and cushion against price fluctuations in the market.
“By bringing all our activity together in the same logistics center, we will be able to increase our capacity and participate in more projects, as well as drive the development and improvement of our products, and at the same time offer better conditions and better service to our customers,” explained COO of PVH, Emilio García.
Apart from its Spanish fab, PVH commissioned its 8 GW factory in Jeddah, Saudi Arabia in November 2022, and plans to launch one more with 6 GW annual capacity in Texas, US (see 8 GW Solar Tracker Factory Launched In Saudi Arabia).
PVH does not specify the source of financing to build the new fab. Nonetheless, it seems like a good time to be in the solar tracker business as demand for more utility scale solar grows. US based Nextracker recently raised $638 million in its initial public offering (IPO), increasing its stakes after originally targeting up to $534.9 million (see Nextracker Raises $638 Million With IPO).
TaiyangNews held a combined Virtual Conference on Bifacial and Solar Trackers 2022 in July 2022, for which presentations are accessible. Following the event, we released our 2nd Market Survey on Solar Trackers 2022, which provides detailed information on stakeholders and products, including PVH, and is available for free download here.