NEXTracker Meets Local-Content Rules For Brazilian Market

Posted by Joseph Bebon on May 19, 2016 No Comments
Categories : Products & Technology

NEXTracker, a Flex company, has achieved FINAME accreditation in Brazil for its solar trackers.

As the company explains, FINAME accreditation is granted by the Brazilian Development Bank (BNDES) and indicates that a company has produced a product that is compliant with BNDES local-content and local-manufacturing processes criteria. FINAME facilitates financing under special terms and conditions, enabling project developers to access local development bank credit lines.

NEXTracker, co-located with Flex’s manufacturing center in Sorocaba, São Paulo, says it is well positioned to supply its NX Horizon trackers to solar developers and engineering, procurement and construction firms throughout Brazil. Besides key structural items, tracker materials produced locally include NEXTracker’s self-powered controller.

“NEXTracker is thrilled to receive FINAME accreditation. Combined with our local sales and operations, this solidifies our ability to deliver significant volumes of our advanced solar trackers in Brazil,” says NEXTracker CEO Dan Shugar. “Brazil represents a boundless new frontier for solar deployment. In addition to serving this important market, we’re delighted to be contributing to the Brazilian economy by adding new, high-quality solar jobs.”

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