-

European Renewable Energy Developer IbVogt Chooses Nextracker’s Terrain-Following Solar Tracker

Ability to adapt to uneven terrain and go light on land is crucial to Europe’s demand for solar power to meet growing energy needs

MADRID--(BUSINESS WIRE)--Nextracker Inc. (NASDAQ: NXT) secured a new deal in Europe for its terrain-following solar tracker NX Horizon-XTR™ (XTR), demonstrating demand for tracking technology that enables solar developers to build on land with complex topography and unique environmental constraints. The German international solar developer, IbVogt, chose Nextracker’s XTR for the 150 MW Garnacha solar power plant in Spain. The project is backed by a 12-year power purchase agreement (PPA) with Google and is expected to begin production October of 2023. Leading the global market in solar trackers and optimization software, Nextracker’s advanced technology systems allow solar panels to follow the sun’s movement and maximize energy output.

“Due to the local zero grading requirements on our project, we needed a solar tracker solution that would have minimal environmental impact and allow us to secure local permits,“ stated Patrick Zenker, Global Procurement Director of IbVogt. ” With a 10-gigawatt track record, NX Horizon-XTR gave us peace of mind and low risk."

“With gas price volatility, European leaders are looking for the lowest cost, most reliable form of energy, and that is utility scale solar power,” said Dan Shugar, Founder and CEO of Nextracker. “Europe’s exceptional environmental stewardship, unique cultural sites and challenging topography provide the perfect conditions for our terrain-following trackers that maximize energy output with a light-on-land footprint.”

Nextracker’s NX Horizon-XTR™ allows rows of solar panels to adjust to uneven terrain, following the natural curvature of the earth. Its terrain-following capabilities enable developers to work on challenging sites that would otherwise be infeasible. It also cuts costs by limiting grading work and associated delays, simplifying the permitting process, and reducing the need for soil-related maintenance.

Solar projects using NX Horizon-XTR have a lighter impact on the environment as they leave more soil intact, benefitting the local ecology and reducing risk of soil erosion. The projects also require less steel for extended pilings, lowering a project’s overall carbon footprint.

The Garnacha project expands Nextracker’s multi-gigawatt portfolio in Europe. The company has offices in Seville and Madrid, with dedicated employees working with customers across the continent with deep expertise to support the life cycle of every project.

“The Nextracker European team has achieved an important milestone of reaching over 3 GW of projects with major solar developers, utilities and European EPC companies for projects in Europe as well as Brazil, USA, Canada and Africa,” said Arturo Herrero, Nextracker SVP Europe.

Nextracker, a leading solar tracking company with 70 GW shipped globally to five continents, has deployed their terrain-following NX-Horizon XTR on close to 10 GW of utility-scale solar globally. Nextracker’s solar trackers increase energy production by 20-30% more than fixed-tilt applications that do not track the sun.

About Nextracker

Nextracker is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. Our products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. With more than 70 gigawatts shipped worldwide, Nextracker offers solar tracker technologies that optimize and increase energy production while reducing costs for significant plant ROI. For more information, please visit Nextracker.

Stay in touch with us: Twitter LinkedIn Instagram Facebook

Contacts

Nextracker Contact
Kristan Kirsh
Vice President, Global Marketing
KKirsh@nextracker.com

Nextracker Inc.

NASDAQ:NXT
Details
Headquarters: Fremont, California
CEO: Dan Shugar
Employees: 2000
Organization: PUB


Contacts

Nextracker Contact
Kristan Kirsh
Vice President, Global Marketing
KKirsh@nextracker.com

Social Media Profiles
More News From Nextracker Inc.

Nextpower Awarded U.S. Patent for NX PowerMerge Solar Trunk Bus Technology, Expands NX PowerMerge Backlog to Over 2 GW

FREMONT, Calif.--(BUSINESS WIRE)--Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today announced that the U.S. Patent and Trademark Office has issued U.S. patent number 12,712,292, which covers its NX PowerMerge™ electrical balance of systems (eBOS) solution. This patent expands Nextpower’s intellectual property in a critical layer of utility-scale solar power plants. The company also announced a significant project award from BUILD Renewables increasing Nextp...

Nextpower Completes Acquisition of Power Conversion Assets, Accelerates U.S. Manufacturing Ramp

FREMONT, Calif.--(BUSINESS WIRE)--Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today announced the completion of its previously announced acquisition of complementary assets of Zigor Corporation’s power conversion business and its U.S.-based subsidiary, Apex Power. This acquisition expands Nextpower’s power technology platform, including UL-certified central inverters for utility-scale solar and energy storage projects in the United States and IEC certified...

Nextpower Reports Q1 Fiscal Year 2027 Financial Results

FREMONT, Calif.--(BUSINESS WIRE)--Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today announced financial results for the first quarter for fiscal year 2027, ended July 3, 2026. Financial Summary (In millions, except per share)   Q1 FY27 Q4 FY26 Q1 FY26 Revenue $935 $881 $864 GAAP Gross Profit $336 $297 $282 GAAP Gross Margin 35.9 % 33.8 % 32.6 % GAAP Net Income $165 $151 $157 GAAP Net Income Margin 17.7 % 17.1 % 18.2 % GAAP Diluted EPS $1.07 $0.97 $1.04    ...
Back to Newsroom