"NEXTracker's deep solar experience and technological market leadership are an ideal fit for new solar deployments in Brazil – a nation that has set very ambitious PV deployment targets," said Aris Polychronopoulos, General Manager of Biosar. "NX Horizon is not only FINAME-compliant, which is essential for Brazil solar market readiness – its advanced product features, quality and reliability maximize energy yield and reduce both installation and operating costs for our customers' projects. NEXTracker is the perfect partner, thanks to its local Brazil presence and the strong financial backing of its corporate parent, Flex."
The Pirapora 1 project is one of the largest solar projects in Brazil and one of the few utility-scale projects to meet the FINAME accreditation criteria of the Brazilian Development Bank (BNDES). BNDES streamlines financing for projects that incorporate products compliant with FINAME's local content and manufacturing requirements. Manufactured locally, NEXTracker NX Horizon™ is FINAME-compliant; its materials and components are manufactured and tested for quality assurance at a Flex facility in Brazil.
NEXTracker's Brazil presence, co-located at Flex's manufacturing center in Sorocaba, São Paulo – and supported by over 9,000 Brazilian employees – is now supplying its advanced solar trackers to developers and EPCs throughout the country. Once completed, the Pirapora 1 project will generate 391,263 MWh per year and contribute towards Brazil's goal of obtaining 23% of its energy from renewable sources by 2030.
In 2015, Brazil's federal energy planning authority (EPE) doubled its forecast for installed photovoltaic capacity to 7GW 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.
NEXTracker's balanced design, deployment, installation and commissioning support are ideal for distributed generation solar deployment worldwide. The company's trackers feature fewer foundations and assembly points, helping to mitigate geotechnical risk and accelerate project construction schedules. With over 5GW of tracker systems delivered worldwide to date, NEXTracker's PV system technology, paired with Biosar's success as leading EPC, will help accelerate solar deployment in Brazil – and around the world. Watch this VIDEO to view NX Horizon in action in South America.
NEXTracker, a Flex company, advances the power plant of the future with solar tracker innovations that increase performance and reduce costs for all size power plants. As the #1 single-axis tracker supplier worldwide with over 5GW of tracker shipments, NEXTracker is globally recognized for delivering the most advanced photovoltaic solutions for 100s of projects across five continents. Headquartered in the San Francisco Bay Area, the Company has offices in China, India, Latin America, and Australia. For more information, visit: NEXTracker.com and follow the Company on Twitter @NEXTracker.
Biosar, a global construction firm, offers integrated solutions for design, supply, construction and operation and maintenance of medium and large-scale PV systems. Biosar is a member of the largest construction group in Greece, Aktor, an international highly diversified company focused on Infrastructure, Building, Industrial, MEP, EPC and Concession Contracts, Facility and Project Management. Biosar has a total installed capacity of one Gigawatt as of 2016, making the Company one of the most successful international solar energy sector firms.
1 Canadian Solar and Flextronics partner on 360MW module factory in Brazil. PV Tech, June 2016.
2 Canadian Solar and EDF Partner on 191.5 MW Brazil Project
3- Brazil doubles 10-year solar forecast to 7GW by 2024
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nextracker-and-biosar-enter-into-master-services-agreement-msa-for-solar-projects-in-brazil-300358090.html