FTC Solar to Supply 840 MW of Trackers in South Africa

FTC Solar, Inc. has announced a significant expansion of its international footprint, securing a major three-year supply agreement in South Africa. The deal, made with the South African solar procurement company Lubanzi Inala, will see FTC Solar provide approximately 840 megawatts (MW) of its advanced solar tracker systems for a series of projects across the country.

This strategic partnership underscores the growing demand for utility-scale solar infrastructure in South Africa and positions FTC Solar as a key technology provider in the region’s renewable energy transition.

Details of the FTC Solar South Africa Supply Agreement

The comprehensive agreement outlines a multi-year collaboration, solidifying a substantial project pipeline for FTC Solar. The key components of the deal include:

• Capacity and Duration: The contract covers the supply of roughly 840 MW of solar trackers over a three-year term.
• Technology Mix: To optimize energy generation across different project sites and conditions, FTC Solar will supply a combination of its 1P (single-axis, portrait) and 2P (single-axis, landscape) tracker solutions. This flexibility allows developers to maximize efficiency and land use.
• Project Timeline: Deployment is scheduled to commence in mid-2026, with the first project under the agreement breaking ground at that time.
• Key Partners: The agreement was secured with Lubanzi Inala, working in collaboration with Green Axis Africa, to support their expanding portfolio of solar energy projects.

Yann Brandt, President and CEO of FTC Solar, expressed his enthusiasm for the partnership, stating, “We’re pleased to have been selected by Lubanzi and Green Axis Africa to support their efforts in bringing clean energy to South Africa.”

Market Impact and Strategic Significance for FTC Solar South Africa

This 840 MW deal represents a landmark achievement for FTC Solar, significantly enhancing its market presence in a key growth region for renewable energy. The news was met with positive investor sentiment, leading to a rise in FTC Solar’s (FTCI) stock price following the announcement.

For South Africa, this agreement is a crucial step forward in its efforts to diversify its energy mix and increase its renewable capacity. The implementation of high-efficiency solar trackers, which dynamically follow the sun’s path throughout the day, will maximize the energy output of these new solar farms, contributing substantial clean power to the national grid.

By securing this large-volume, multi-year contract, FTC Solar not only ensures a stable revenue stream but also demonstrates the global competitiveness and reliability of its tracker technology. The partnership with Lubanzi Inala is poised to play a pivotal role in advancing South Africa’s solar energy ambitions over the next several years.