Arctech Expands European Presence with Major Solar Project
Arctech, a global leader in solar tracking and racking solutions, has forged a notable partnership that propels its growth within the competitive European solar market.
Details of the Agreement
The company has signed a pivotal supply agreement with NORINCO International, a branch of the China North Industries Corporation. This collaboration will see Arctech providing its renowned 1P single-axis solar tracking system, known as SkyLine II, for a substantial 125 MW solar project. This project marks a significant milestone for the company in the European market.
Significant Solar Potential in the Region
The project site is located near Stolac in a region known for its promising environmental conditions for solar energy, receiving an impressive average annual solar radiation of about 1,500 kWh/m2. As noted by renewable energy experts, this area holds a tremendous potential for utility-scale solar development, with projections suggesting that Bosnia and Herzegovina could reach a photovoltaic power generation capacity of up to 3 GW by 2030. Recent initiatives by the local government, particularly the Bosnia and Herzegovina Energy Framework Strategy 2035, further highlight the commitment to increasing the share of renewable energy in the national grid.
Arctech's Strategic European Operations
Arctech began its journey in Europe back in 2013, establishing a local office in Madrid, Spain, to support its regional interests. Over the years, the company has invested heavily in building a comprehensive infrastructure in Europe, including a service center, regional headquarters, and a research and development facility located in the heart of Madrid, complemented by a warehouse in Valencia. With a focus on addressing the unique needs of the European solar market, Arctech inaugurated its modern European headquarters in Madrid, reinforcing its commitment to sustainable energy solutions and local services.
Service Support and Lifecycle Management
With a locally-established service framework, Arctech now offers an all-encompassing service approach, which includes project design, service support, delivery assurance, and operational management. This robust service structure is designed to meet the varied local project needs effectively, ensuring a smoother transition towards renewable energy solutions across the region.
Partnership Confidence and Future Directions
This collaboration with NORINCO International underscores Arctech’s competitive edge in the solar industry, highlighting their capability to deliver innovative products, effective solutions, and an agile global supply chain. With an established track record of successfully executing numerous large-scale projects globally, Arctech has instilled faith in its partnership with NORINCO, paving the way for future projects that promise significant impact.
Frequently Asked Questions
What is the significance of Arctech's new solar project?
This project in Bosnia and Herzegovina reinforces Arctech's foothold in Europe, marking a strategic expansion into renewable energy.
Which solar technology will Arctech provide for this project?
Arctech will supply its innovative SkyLine II single-axis solar tracking system for the 125 MW solar project.
What are the renewable energy prospects in Bosnia and Herzegovina?
The country has a promising solar potential and aims for up to 3 GW of solar power generation by 2030.
How long has Arctech been operating in Europe?
Arctech has been involved in the European market since 2013, spearheading various initiatives to establish a significant presence.
What services does Arctech offer to support local projects?
Arctech provides solution design, service support, delivery assurance, and operational management services to ensure project success.
