Wedoany.com Report on Feb 25th, U.S. solar tracker manufacturer FTC Solar recently signed a three-year supply agreement with South African procurement company Lubanzi Inala to provide tracker systems for multiple large-scale PV projects in South Africa. Lubanzi Inala is part of the Green Axis Africa engineering, procurement, and construction alliance, and this collaboration aims to support the construction of local utility-scale solar power plants.

According to the agreement, FTC Solar will provide 1P and 2P tracker technologies for a portfolio of PV projects totaling approximately 840MW. The first project is expected to commence in mid-2026, marking the official implementation of the three-year cooperation framework.

FTC Solar CEO Yann Brandt stated, "We are delighted to be selected by Lubanzi and Green Axis Africa to support their portfolio of 1P and 2P solar projects in South Africa."

Founded in 2017, FTC Solar specializes in providing trackers, software, and engineering services for large-scale PV power plants. The company has been expanding rapidly, acquiring the remaining 55% stake in steel manufacturer Alpha Steel for approximately $2.7 million last year.

Financially, FTC Solar announced its Q3 2025 results, with revenue reaching $26 million, a 156.8% increase year-over-year and a 30.2% increase compared to the previous quarter.

Additionally, in August 2025, FTC Solar signed a 1GW solar tracker and software supply agreement with engineering company Levona Renewables. Shipments are scheduled to begin in early 2026, with the first project being the 140MW CT Solar One plant in Snyder, Texas, expected to commence operations in 2028.