Arctech's New FINAME Certification Promises Growth in LATAM
Arctech's Path to Growth with FINAME Certification
Arctech, a distinguished leader in solar tracking and smart structural solutions, has made significant strides in its expansion strategy within Latin America. By securing official approval under the FINAME program, managed by the national development bank, Arctech's Brazilian subsidiary is set to reinforce its strategic presence in the region.
Understanding FINAME Certification
The FINAME endorsement opens the door for financing Arctech's innovative 1P solar tracker under favorable terms in the Brazilian market. This crucial access is expected to foster the development of local projects, while simultaneously strengthening Arctech's supply chain and market reach in Latin America.
The Advantages of Advanced Solar Trackers
What sets Arctech's solar trackers apart is their advanced backtracking and control algorithms, which allow for deployment in challenging terrains while meeting complex structural specifications. This not only optimizes the design but also drastically reduces costs associated with installation.
Commitment to Latin America's Solar Future
With a long-standing commitment to providing efficient, tracker-centric solutions since entering the Latin American market, Arctech's FINAME certification presents an opportunity to further enhance its value proposition. This move facilitates more competitive financing options for solar project developers throughout Brazil, Mexico, Chile, Argentina, Peru, and Central America.
Strategic Insights from Leadership
According to Alejandro Silva Zamora, Director of LATAM South & Brazil, "Obtaining FINAME is a pivotal achievement in our expansion strategy. It not only reinforces our commitment to local industrial development but also creates exciting opportunities across the region." This sentiment reflects Arctech's dedication to tailor its solutions in line with local market demands.
Strengthening Local Supply Chains
One of the critical success factors in receiving FINAME certification is the commitment to a reliable local supply chain. By demonstrating its adaptability and technological leadership throughout Latin America, Arctech enhances its industrial localization efforts. This chapter of growth in Brazil signifies their ability to offer high-performance, reliable projects with the necessary technical support locally.
Arctech's Global Reach and Future Goals
As a global provider of smart solar solutions, Arctech has successfully delivered over 60 GW across more than 40 countries. The company's portfolio, which features advanced trackers, solar structures, and Building-Integrated Photovoltaics (BIPV) systems, positions it as a strategic partner in the energy transformation throughout Latin America.
Looking ahead, Arctech intends to vigorously pursue its expansion across the region while supporting governmental efforts to strengthen local supply chains and promote sustainable energy initiatives. With a dedicated team of over 60 professionals in Latin America, Arctech remains committed to driving innovation and efficiency in the renewable energy sector.
Frequently Asked Questions
What is FINAME certification?
FINAME certification, managed by the National Bank for Economic and Social Development (BNDES), allows companies to finance projects under competitive conditions in Brazil.
How does Arctech benefit from this certification?
This certification enables Arctech to provide its solar tracking solutions with better financing options, facilitating the development of solar projects in Brazil and the broader Latin American region.
What are the unique features of Arctech's solar trackers?
Arctech's solar trackers are equipped with smart backtracking and control algorithms, allowing adaptation to complex terrains and optimizing both design and installation costs.
Who is Alejandro Silva Zamora?
Alejandro Silva Zamora serves as the Director of LATAM South & Brazil, highlighting the importance of local industrial commitment and leading Arctech's expansion efforts in the region.
What are Arctech's future plans?
Arctech aims to enhance its presence in Latin America while supporting initiatives for sustainable energy and strengthening local supply chains through innovative solutions.
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