Cleantech manufacturer PV Hardware has announced it has increased its market share in Australia’s solar tracker market, taking second spot in the vendor list for 2021.
PV Hardware is a provider of innovative solar tracking solutions for the global solar energy market, including solar trackers, fixed structures and SCADA systems. With the number of grid-scale solar photovoltaic projects booming in Australia, PV Hardware is at the forefront of this growth, using Australian steel to manufacture its technology.
David Dixon from independent energy research and business intelligence company Rystad Energy analysed the solar tracker market in Australia, revealing Nextracker and PV Hardware accounted for 80 per cent of the nation’s solar tracking market in 2021.
PV Hardware supplied tracker technology to 1.1GW of projects during the 2020-2021 financial year, including three of seven large projects that reached financial close in Australia last year.
Its market share in Australia is now comparable to its share in Europe and Africa, at 29 per cent and 31 per cent, respectively.
“The market knows we are here to stay in Australia, and we will continue to make long-term alliances with new strategic EPC [engineering, procurement and construction], developers, installers and engineering firms, as well as contribute to a more sustainable business model, which will provide long-term opportunities for the Australian economy and workforce,” says Alejandro Cantos, who heads PV Hardware in Australia.
“We are very proud to be one of the leading cleantech suppliers to large-scale solar developments in Australia, and to have brought many innovations to the market.”
PV Hardware is the third-largest manufacturer of solar trackers in the world.
“PV Hardware’s growth in Australia would not have been possible without the confidence of major renewables companies Sojitz-Eneos, X-Elio Energy, Fotowatio Renewable Ventures, Amp Energy, Suntech and the Victorian Government,” says PV Hardware global COO Emilio Garcia.
“This confidence has enabled the company to accumulate 20GW of structures supplied worldwide. As proof of this, we have expanded up to 16GW of annual capacity at our fully owned factories.”