Wednesday, 18 May 2016

NEXTracker receives FINAME certification for solar PV trackers in Brazil

 NX Horizon solar PV trackers

NEXTracker (Fremont, California, U.S.), a Flex company, on May 18th, 2016 announced that it has achieved FINAME accreditation in Brazil which will enable the Company to deliver its advanced solar PV trackers to Brazilian projects under attractive financing arrangements.
FINAME accreditation, granted by the Brazilian Development Bank (BNDES), indicates that a company has produced a product that is compliant with BNDES local content and local manufacturing processes criteria.
FINAME facilitates financing under special terms and conditions, enabling project developers to access local development bank credit lines.
With a growing Brazil presence, NEXTracker, co-located with Flex’s manufacturing center in Sorocaba, São Paulo – and supported by over 9,000 Brazilian Flex employees – is well positioned to supply its advanced NX Horizon trackers to solar developers and engineering, procurement and construction firms (EPCs) throughout Brazil.
Tracker materials produced locally include, besides key structural items, NEXTracker’s advanced self-powered controller, manufactured and tested at Flex.
“NEXTracker is thrilled to receive FINAME accreditation. Combined with our local sales and operations, this solidifies our ability to deliver significant volumes of our advanced solar trackers in Brazil,” said NEXTracker CEO Dan Shugar.
“Brazil represents a boundless new frontier for solar deployment. In addition to serving this important market, we’re delighted to be contributing to the Brazilian economy by adding new, high-quality solar jobs.”

Brazil aims at 7 GW of installed PV capacity by 2024
Brazil’s federal energy planning authority (EPE) recently doubled its forecast for installed photovoltaic capacity to 7 GW by 2024, owing to the country’s initial solar auction results.
BNDES’ FINAME accreditation encourages companies to service the region with local products, which creates more availability and scalability for parts inventory and technical support.   
source:http://www.solarserver.com

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