CONVERT ANNOUNCES THE ACQUISITION OF CONTRACT TO SUPPLY 22OMW OF ITS TRACKER SOLUTION

The convert tracker solutions will be installed in the plants of Sao Pedro and Juazeiro (Brazil), expected to begin construction in the last quarter of 2017.

Convert, a 35 year-old Italian company active in the energy sector, now ranked fourth in the world rankings of trackers (IHS Markit), announces the recent acquisition of contracts to supply 220 MW (around 35M/USD) of its TRJ Tracking solution (a technological component that allows PV panels to move according to the sun's position.)

The convert tracker solutions will be installed in the plants of Sao Pedro and Juazeiro (Brazil), expected to begin construction in the last quarter of 2017. Both projects have been led by the capable hands of Atlas Renewable Energy, a new name to the industry formed earlier this year by an experienced, well-known team that was backed by Actis, one of the leading energy sector investor in emerging markets.
The well experienced management teams of Atlas and Convert, including Convert do Brasil Energia Renovavel ltda, have developed a deep respective understanding of how to tailor TRJ solutions in order to achieve industry leading high performance standards; easy to install, and cost-effective to maintain.
Convert Italia Group, with a portfolio of signed agreements of around 800 MW for the next year, is permanently devoted to improving its technical solutions with local support specifically in Brazil (as well as in Argentina), where a fully local version of TRJ is already being produced in Belo Horizonte by Convert do Brasil.

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