Nextracker to Supply 1.5GW of Solar Trackers for Brazil Projects

Nextracker Inc. (NASDAQ:NXT) is one of the best solar stocks to buy according to Wall Street analysts. On August 13, Nextracker announced that it has been selected by Casa dos Ventos to supply 1.5GW of advanced solar tracker systems for 4 new utility-scale solar and hybrid projects in Brazil.

This partnership marks Casa dos Ventos’s first large-scale venture into solar energy and is part of its strategy to develop hybrid power plants that combine solar and wind energy at shared grid connections to improve grid capacity.

Nextracker will supply its NX Horizon-XTR all-terrain solar trackers for 3 of the 4 projects: the 117MW Babilônia Sul in Morro do Chapéu, Bahia; the 226MW Babilônia Centro in Várzea Nova, Bahia; and the 540MW Seriemas in Mato Grosso do Sul. The NX Horizon-XTR system is designed to navigate challenging terrains, which can reduce the need for extensive land modifications and lower costs. The fourth project, the 680MW Rio Brilhante in Mato Grosso do Sul, will receive Nextracker’s standard NX Horizon solar tracker systems.

Nextracker Inc. (NASDAQ:NXT) provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the US and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.