FTC Solar Secures a 1GW Solar Tracker, Software Agreement with Levona Renewables

FTC Solar Inc. (NASDAQ:FTCI) is one of the best performing solar stocks to buy now. On August 26, FTC Solar announced a new agreement with Levona Renewables to supply trackers and software for a one-gigawatt portfolio of solar projects. Shipments are set to begin in early 2026. The partnership will use FTC Solar’s Pioneer 1P trackers and its SunPath software to optimize energy yield through terrain-based backtracking and diffuse light optimization.

The first project under this agreement is “CT Solar One,” which is a 140-megawatt utility-scale solar facility in Snyder, Texas. The project is being developed on 478 acres within a much larger 27,000-acre site. Construction for this initial phase is scheduled to begin in early 2026. Following this, two more projects, “CT Solar Two” and “CT Solar Three,” will add another 650 megawatts to the overall site development. The flagship development for Levona Renewables is this 1.6 GW site in Snyder, Texas.

Levona Renewables is a consulting and engineering firm with headquarters in Plano, Texas, and a branch in Brazil. According to Fernando Queiroz, Levona’s CEO, the FTC team has provided significant value by optimizing the site for location, layout, row efficiency, and energy yield, which has also helped to avoid civil costs.

FTC Solar Inc. (NASDAQ:FTCI) engages in the manufacture and service of solar tracker systems in the US, Asia, Europe, the Middle East, North Africa, South Africa, and Australia.

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