ARRAY STI Norland is the only solar tracker manufacturer to make the FT1000 list
ARRAY STI Norland, manufacturer and supplier of solar trackers fixed-tilt structures for large-scale PV projects, has become one of the fastest-growing European companies, as published by the Financial Times in its annual FT1000 list.
Specifically, the tracker manufacturer has been ranked 9th among the companies in the solar sector. This position was achieved thanks to an impressive growth of 471.6 % in the period analyzed by the Financial Times, when ARRAY STI Norland evolved from a turnover of 18.3 million euros in 2016 to more than 100 million euros in 2019.
This growth has continued in 2020, closing the year with sales close to 200 million euros. Its main activity has been framed in Europe and Latin America. Within these, the Spanish and Brazilian markets stand out, respectively.
ARRAY STI Norland has always displayed a pioneering and innovative spirit as the basis of its success. In the words of the recently appointed General Director of the Spanish firm, Javier Coloma, on the future of renewable energies: “We must not rush to get low prices artificially, as this can lead to self-destruction. The regulator must change the laws of the game so that this does not happen. The industry is ready for this transition, regulation permitting.”
The FT1000 list has been compiled by the prestigious newspaper Financial Times, and recognizes innovative, fast-growing companies that are the driving force of the European economy in the 21st century, creating jobs and sustaining the continent’s competitiveness.
See the full list here.
About ARRAY STI Norland
ARRAY STI Norland is an international manufacturer of solar trackers and fixed structures for utility-scale PV projects. Established in 1996, it offers engineering, supply and installation services. ARRAY STI Norland developed the first dual-row solar tracker on the market, specially designed for uneven terrains and where the orography has significant changes in gradient.
In January 2022, ARRAY Technologies acquired STI Norland, strengthening supply chains and international expansion.
About ARRAY Technologies, Inc.
ARRAY Technologies (NASDAQ: ARRY) is a leading American company and global provider of utility-scale solar tracker technology. Engineered to withstand the harshest conditions on the planet, ARRAY’s high-quality solar trackers and sophisticated software maximize energy production, accelerating the adoption of cost-effective and sustainable energy. Founded and headquartered in the United States, ARRAY relies on its diversified global supply chain and customer-centric approach to deliver, commission and support solar energy developments around the world, lighting the way to a brighter, smarter future for clean energy. For more news and information on ARRAY, please visit arraytechinc.com.
Media Contact
Daniel Tapia
Head of Marketing (ARRAY STI Norland)