Imagine sunflowers that mechanically turn toward sunlight - that's essentially what Soltec's solar trackers do, except they're powering entire cities. As the world's third-largest solar tracker manufacturer, this Spanish powerhouse has installed enough tracking systems to power 7.2 million homes globally. Their SF7 bifacial tracker - which sounds like a sci-fi robot name - actually boosts energy production by 15% compared to fixed-tilt system
Contact online >>
Imagine sunflowers that mechanically turn toward sunlight - that's essentially what Soltec's solar trackers do, except they're powering entire cities. As the world's third-largest solar tracker manufacturer, this Spanish powerhouse has installed enough tracking systems to power 7.2 million homes globally. Their SF7 bifacial tracker - which sounds like a sci-fi robot name - actually boosts energy production by 15% compared to fixed-tilt systems.
Founded in Murcia (Spain's sunniest region, naturally), Soltec's now got subsidiaries in 16 countries from Chile to Kenya. Their Shanghai office alone handles 40% of Asia-Pacific projects. Remember that 2.1 GW project in Brazil's Bahia state? That's 3,800 football fields of solar trackers dancing with the sun.
Despite Q4 2024 revenues hitting €328 million, supply chain headaches caused a 12% gross margin squeeze. The stock's been trading sideways around €1.60 - analysts whisper it's undervalued compared to competitors like Nextracker. But here's the kicker: their maintenance contracts provide recurring revenue streams that smooth out installation volatility.
Soltec's new play? Pairing trackers with flow battery systems that store excess energy like caffeinated squirrels. Early pilots in Arizona show 92% round-trip efficiency - enough to make Tesla's Powerwall blush. They're betting big on this $12B market opportunity through 2030.
The EU's Net-Zero Industry Act could be a double-edged sword - while boosting local manufacturing requirements, Soltec's Tunisian factory might face 14% import tariffs. But their new recyclable tracker model (87% reusable components) just earned them carbon credits worth €4.2 million annually. Pro tip: Watch how they navigate US Inflation Reduction Act subsidies - it's make-or-break for their Texas expansion plans.
Visit our Blog to read more articles
We are deeply committed to excellence in all our endeavors.
Since we maintain control over our products, our customers can be assured of nothing but the best quality at all times.