North America Solar PV News Snippets
Heliene Bags ‘Largest Ever’ Community Solar Module Deal In US & More From FTC, Environment California, Google
Heliene and Nexamp announce the largest community solar module contract in the US; Study explores solar energy potential along Californian highways; FTC Solar’s new PV asset monitoring solution; Google launches Solar API to provide detailed rooftop.
FTC Solar Misses Q2/2023 Revenue Guidance
Project Delay Challenges Slow Down US Tracker Maker’s Growth Even As Project Backlog Swells
Solar tracker manufacturer FTC Solar in the US missed its Q2/2023 revenue guidance due to project delays on the part of developers that prefer to wait for clarity on the Inflation Reduction Act (IRA).
FTC Solar Added $235 Million To Project Backlog
FTC’s Q1/2023 Quarterly Revenues Jump 56% As Company Narrows Down Net Loss To -$11.76 Million
Solar tracker supplier FTC Solar, Inc exited Q1/2023 with the addition of $235 million to its project backlog that increased to $1.4 billion as GAAP revenues increased 56% QoQ due to higher product volume, but dropped 17.5% YoY to $40.9 million due t.
FTC’s Voyager+ Boosts Tracking Efficiency
Updated Voyager+ Tracker System With Improved Energy Yield And Minimal Maintenance From FTC Solar
FTC Solar has provided to our market survey solar trackers data for 2 products —Voyager & Voyager+—as against only the Voyager featured in the previous overview in 2021.
FTC Solar Reports Annual Decline In Q4/2022 Revenues
FTC Solar Blames Lower Demand For Solar In US For -$20 Million Net Loss; Expects Imported Module Availability To Determine US Market Improvement
US solar tracker systems provider FTC Solar, Inc achieved GAAP revenues of $26.2 million in Q4/2022, within the guided range but with an annual decline of 74.2% as it narrowed down its net loss to -$20.5 million attributing it to lower demand environ.
US Solar Tracker Maker Wants Locally Produced Steel
FTC Solar Ropes In Thailand’s Taihua New Energy To Produce Steel Components For Utility Scale Solar PV Projects In US
US solar tracker manufacturer FTC Solar, Inc has announced Alpha Steel LLC as a joint venture (JV) with its existing steel supplier Taihua New Energy of Thailand to build a steel fab in the US to ensure stable supply of locally manufactured steel for utility scale solar plants in the country.
FTC Solar’s Q3/2022 Revenues Drop, Reports Net Loss
UFLPA Related Module Supply Challenges Impact FTC Solar’s Q3/2022 Business; Management Expects Better Times Ahead
US solar tracker supplier FTC Solar has reported its executed contracts and awarded orders backlog as having grown to $961 million at the end of Q3/2022 with $203 million added within the quarter, however its annual revenues declined 69% due to lower demand environment in the US.
GPG Selects FTC Trackers For Australian Project
FTC To Supply Its Solar Tracker Technology To GPG ‘s Cunderdin Hybrid PV Project In Australia
Solar tracker systems, software, and engineering services provider FTC Solar announced that it will be supplying its Voyager solar tracker technology to Western-Australian-based 128 MW Cunderdin hybrid PV solar and energy storage project.
500 MW Solar Tracker Supply Deal For FTC Solar
FTC Solar Launches Lands Big Contract With Primoris Renewable Energy For New Tracker Product
US headquartered solar tracker systems supplier FTC Solar has launched a new 1P solar tracking system called Pioneer for which it has also landed a big contract with Primoris Renewable Energy placing a 500 MW order.
FTC Solar Announces Q2/2022 Financial Results
FTC Solar’s Q2/2022 Revenues Slid 38% QoQ With Lower Demand & Module Supply Challenges
US based solar tracker supplier FTC Solar has reported its Q2/2022 revenues of $30.7 million to have dropped 38% QoQ and 39% YoY, pulled down by lower demand in the US, module availability constraints and regulatory environment.
FTC Targets Small Scale Solar Installations
FTC Solar & AUI Join Hands To Expand Solar Tracker Technology In US Distributed Generation Market
US based solar tracker supplier FTC Solar has partnered with solar contracting company AUI Partners to provide solar tracking services for sites under 20 MW capacity, with an eye to utilize its proprietary Voyager+2P tracker for distributed generation segment.
FTC Solar Declares Q1/2022 Financial Results
US AD/CVD Investigation Impact: FTC Solar Withdraws 2022 Annual Guidance
FTC Solar is witnessing US project decisions and schedules being pushed out in time as a result of the AD/CVD investigation initiated by the US Department of Commerce (DOC) adding to current challenges in module procurement because of which it has now withdrawn annual guidance for 2022.
FTC Solar’s Q4/2021 Financial Results
US Solar Tracker Supplier To Acquire Chinese Supplier; Closes 2021 With 44% Annual Revenue Growth
US based solar tracker system company FTC Solar, Inc exceeded its Q4/2021 revenue guidance to register an annual growth of 130% with GAAP revenues of $101.7 million, and announced an agreement to acquire Chinese tracker supplier HX Tracker.
North America PV News Snippets
16.3 MW DC Rooftop Solar Portfolio Exchanges Hands In US & More From CIM, FTC
CIM commissions 250 MW Aquamarine Solar Project in California; FTC Solar bags contract for its largest project outside the US to date; Greenbacker has purchased 16.3 MW DC rooftop solar portfolio in Massachusetts CIM commissions 250 MW PV in Californ.
New CEO To Lead FTC Solar Of US
FTC Solar’s CEO Tony Etnyre To Move Out; To Be Replaced By Western Digital Corporation’s Sean Hunkler, An Ex-SunEdison Senior Executive
US based solar tracker systems and software services provider FTC Solar, Inc. has announced a CEO transition for the company with current incumbent Tony Etnyre stepping down, also as the member of the Board of Directors.
US Solar Tracker Supplier Eyeing $100 Million Through IPO
US Solar Tracker Company FTC Solar Planning To Raise $100 Million Through Initial Public Offering & Get Listed On Nasdaq As ‘FTCI’
After Array Technologies of the US and Soltec of Spain, another solar PV tracker provider and software solutions company FTC Solar has added its name to the list of solar tracker companies that seek to raise capital from the market, through the initial public offering (IPO) route.
