FTC Solar Says Selected By European Renewables Developer Five-E To Supply At Least 300 Megawatts Of Its Solar Tracker Technology For Multiple Project Sites In Italy And Spain; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
FTC Solar has been selected by European renewables developer Five-E to supply at least 300 megawatts of its solar tracker technology for multiple project sites in Italy and Spain. The delivery of these projects is expected to begin in late 2023 and be completed by the end of 2025. No financial terms were disclosed.
August 09, 2023 | 10:32 am
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FTC Solar's partnership with Five-E for the supply of solar tracker technology could potentially boost FTCI's revenues and market presence in Europe. However, the financial impact is uncertain as no terms were disclosed.
The partnership with Five-E is a positive development for FTC Solar as it expands its market presence in Europe. The supply of at least 300MW of solar tracker technology could potentially increase FTCI's revenues. However, the financial impact is uncertain as no terms were disclosed. The delivery timeline suggests a long-term commitment, which could provide stability for FTCI.
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