Array Technologies buys Spanish company STI Norland
The Spanish company is one of the main European manufacturers of solar trackers
The American company Array Technologies, which provides solutions and services for large-scale solar energy projects, has completed the acquisition of Soluciones Técnicas Integrales Norland, better known as STI Norland. The Spanish company is one of the main European manufacturers of solar trackers, and the purchase means that Array has become the largest solar tracker company in the world.
This transaction now means Array Technologies has manufacturing capacity and design and engineering resources in North America, Latin America and Europe. It is also the leader in the rapidly growing Brazilian solar market. STI Norland featured as the main supplier of trackers in Brazil, with a 70% market share, and in Latin America (35%) in the “Global solar PV market share 2021” report by the British consultancy Wood Mackenzie.
Brazilian market leader
STI Norland was founded in 1996 and has its headquarters in Pamplona. It has manufacturing plants in Spain and Brazil. Its dual-row tracking system adapts well to uneven land and regions with low winds and snow loads. 12 GW of trackers, either already manufactured or on its order book, make it one of the three main manufacturers in Spain and the leader in the Brazilian market.
Brad Forth, Chairman of Array Technologies, welcomes the transaction, “The integration of STI Norland into Array’s business positions us to accelerate our international expansion and address the growing demand for large-scale solar energy worldwide.”
Looking to the future, Forth explains that the purchase, “will allow us to continue to solidify our relationships with key international customers and create access to a lower cost, proven product. The closing of this transaction marks an exciting milestone in Array’s history and supports our mission to deliver value to our customers through innovation in everything we do”.
Javier Reclusa, for his part, the CEO of STI Norland, confirmed that “We are thrilled to officially join Array—a solar pioneer—as we focus on providing our customers with industry-leading technology and superior service.”
Regarding the contribution that STI will make to the American company, Reclusa explains, “Our complementary products and long-standing relationships will enable our combined company to bring a comprehensive offering to the global tracker market, one that provides the lowest lifetime cost of any tracker system and exceptional long-term performance. We look forward to realising our shared vision, to be the most outstanding and respected solar energy company.”
His counterpart at Array, Jim Fusaro, responded, “Apart from delivering a complementary product and a diversified supply chain, STI Norland brings a talented team of proven winners”. And he concluded, “The STI team shares our culture and values, and we are incredibly excited to realise the potential that our combined companies can bring to the solar industry during this pivotal moment of growth and innovation.”
Photo: STI Norland