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Rise of Bifacial Lifts Profits for Tracker Companies

With the race on to double down on the price per Watt of solar power worldwide, through the use of bifacial and other high efficiency PV panel technologies, solar tracker manufacturers are set for a bumper year, according to IHS Markit. A research note published by the market research company stated worldwide shipments of trackers topped 20 GW for the first time last year, with the technology incorporated into more than a quarter of large-scale solar projects for the first time.

That added up to a rise of more than 40% in global tracker shipments, with Spanish companies PV Hardware and NClave, Chinese manufacturer Arctech Solar and Italian business Convert Italia joining NEXTracker, Array Technologies and Soltec in the gigawatt club for annual volumes.

With IHS predicting 74 GW of large-scale solar capacity additions worldwide this year, the research report pointed out the fastest growing tracker markets were in the Middle East and North Africa last year. The U.S. was again the world’s biggest tracker market, and the Americas accounted for more than half of global shipments, with Mexico bullish, but there were also significant rises in shipment volumes to Australia, Egypt and Spain.

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