FTC Solar, Inc. announced on November 4, 2024, a supply agreement with Dunlieh Energy for over one gigawatt of solar projects. Under this agreement, FTC Solar will provide trackers for these projects, with deliveries expected to begin in 2025.
The initial project under this new agreement is the Situla Energy Project, a 500-megawatt utility-scale solar and battery facility located in Banner County, Nebraska. This significant project underscores the growing market interest in FTC Solar's tracker systems.
This agreement is a key development for FTC Solar, contributing to its expanding backlog and demonstrating continued traction for its solar tracker technology. Such large-scale commitments are instrumental in supporting the company's revenue growth and market penetration.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.