Em meio a pandemia o grupo espanhol STI Norland prevê R$ 1 bilhão de faturamento no Brasil

Amid The Pandemic, Spanish Group STI Norland Forecasts R$ 1 Billion In Revenue In Brazil

Written by Flavia Marinho

Published on 22/06/2020 at 17:48

Em meio a pandemia o grupo espanhol STI Norland prevê R$ 1 bilhão de faturamento no Brasil

Seja o primeiro a reagir!

STI Norland Works in the Manufacturing and Supply of Trackers, Which Are Devices Used in Solar Photovoltaic Power Generation Plants

Despite the coronavirus pandemic, the Spanish group STI Norland, which ended 2019 with a 39% market share in Brazil, is optimistic about its business in Brazil this year. Industry Confidence in Brazil Rises After Easing of Quarantine Measures

Also Read

STI Norland manufactures and supplies trackers, which are devices used in solar photovoltaic power generation plants to alter the position of panels throughout the day, following the sun’s path.

ARTICLE CONTINUES BELOW

See also

With a record of R$ 700 million in new orders in the first quarter, the company is optimistic and expects to finish the year with revenue of R$ 1 billion.

“To our surprise, all our clients continued to bet on the solar sector, even with the depreciation of the real,” said Javier Reclusa, CEO of STI Norland.

The executive adds, “I believe that starting in July, the solar market will be reactivated more than we expected. And this will be due to the improvement in the exchange rate and the resumption of commerce. For August and September, we imagine that everything will return to relative normalcy.”

According to data from Wood Mackenzie, STI Norland ended 2029 with a 39% market share in Brazil, making it the largest tracker company in Brazil. For the executive, the results were made possible, above all, by gaining the clients’ trust.

To the company’s surprise, all its clients continued to invest in the solar energy sector, despite the economic crisis caused by the pandemic, which depreciated the real against the dollar and the euro.

“All clients continued to place orders and we had a record number of orders in the first quarter, totaling over R$ 700 million, in both distributed and centralized generation. Some projects were postponed, but they are now being pre-activated again in the second half,” said Javier.

The expectation is that starting in July, the solar energy market will be reactivated beyond expectations. And this will be due to the improvement in the exchange rate and the resumption of commerce. By August and September, everything should return to relative normalcy.

Currently in Brazil, STI Norland has 60 employees at its headquarters in São Paulo, where all administrative, commercial, and financial operations are conducted.

The company’s factory is located in Camaçari (BA), where part of the component manufacturing takes place. The company has a distribution logistics center for both Brazil and abroad.

The location of the factory is strategic due to the port, as the company imports part of the material, and it is also the epicenter of most solar projects in Brazil.

With projects running at full steam, STI Norland expects to end 2020 with revenue of R$ 1 billion here in Brazil and multiply last year’s revenue by four. For next year, the expectation is to grow even more with the projects that are coming and those that are under negotiation.

Currently, the company is involved in about 40 projects. In terms of larger projects, the company is working on the Pereira Barreto project by EDP; as well as a 465 MW project from the Pátria group; in addition, the company is handling all projects from Canadian Solar here in Brazil.

-by petronoticias

Amid The Pandemic, Spanish Group STI Norland Forecasts R$ 1 Billion In Revenue In Brazil

STI Norland Works in the Manufacturing and Supply of Trackers, Which Are Devices Used in Solar Photovoltaic Power Generation Plants

Also Read

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

In the asteroid belt, an “impossible comet” is releasing water vapor where it shouldn’t exist, and the James Webb telescope has revealed that primordial ice has survived for billions of years in a region that could rewrite the origin of water on Earth.

Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Oil at the center of global disputes and historical transformations

Amid The Pandemic, Spanish Group STI Norland Forecasts R$ 1 Billion In Revenue In Brazil

STI Norland Works in the Manufacturing and Supply of Trackers, Which Are Devices Used in Solar Photovoltaic Power Generation Plants

Also Read

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Every time a river flows into the sea, an amount of energy equivalent to a 120-meter waterfall is silently wasted, but Japan has just inaugurated the world’s first power plant that captures this waste and transforms it into electricity 24 hours a day without sun, wind, or fuel.

Silicon Valley bets on a 100-hour battery that uses carbon and oxygen to store renewable energy for days and could turn a little-known chemical system into an alternative to critical metal batteries to tackle prolonged blackouts.

Canadian engineers want to compress air in underground caverns and build plants of up to 500 MW that function as giant lungs to store renewable energy for hours and stabilize entire electrical grids.

British engineers cool air until it turns into liquid, store energy for weeks, and create an “invisible battery” capable of sustaining the power grid when the wind stops and the sun disappears.

In the asteroid belt, an “impossible comet” is releasing water vapor where it shouldn’t exist, and the James Webb telescope has revealed that primordial ice has survived for billions of years in a region that could rewrite the origin of water on Earth.

Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Oil at the center of global disputes and historical transformations