FTC Solar, Inc. (FTCI) Inks Multi-Year Solar Tracker Supply Agreement in South Africa

FTC Solar Inc. (NASDAQ:FTCI) is one of the best solar stocks to buy now. On February 24, FTC Solar Inc. (NASDAQ:FTCI) entered into a three-year supply agreement with Lubanzi Inala, a South African solar procurement company. The agreement is for the provision of solar tracker systems for multiple utility-scale projects across South Africa.

FTC Solar is to provide solar tracker systems, software, and engineering services for utility-scale PV projects. It will deliver a mix of 1P and 2P tracker technologies for a portfolio totaling approximately 840 megawatts.

“FTC Solar has built a strong set of innovative tracker solutions and is the right partner to support the needs of this diverse project portfolio,” commented Simphiwe Sithole, CEO of Lubanzi Inala. “We look forward to working closely with them as we provide best-in-class quality for our customers and advance the South African renewable energy industry.”

The Solar tracker agreement in South Africa comes on the heels of the company entering a deal to acquire a 55% stake in steel manufacturer Alpha Steel. With the acquisition, the company has gained access to produce steel components for utility-scale solar projects.

FTC Solar, Inc. (NASDAQ:FTCI) is a leading provider of advanced, high-performance solar tracker systems, software, and engineering services designed to optimize energy production and reduce installation costs for utility-scale, ground-mounted solar projects.

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