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MTR Solar Will Invest R$ 50 Million in Product and Solution Development for Large Power Plant Projects
MTR Solar, a market leader in the distribution of equipment for mini-generation plants, will invest over R$ 50 million in product and solution development for large power plant projects. The company will also make additional investments to become the largest provider of solutions for large power plants in Latin America.
For the first half of 2023, the opening of offices in Chile and Colombia is planned, with the company already having an office in Mexico, staffed with sector specialists and selling equipment.
Billion-Dollar Revenue Projected by the CEO of MTR Solar
Thiago Rios, CEO of MTR Solar, states that: “The solar energy market has grown significantly in recent years, and particularly, GD MTR is investing in a research and development center so that the solution for structures increasingly aligns with the realities of projects in Brazil. One of the major launches in 2023 will be a new automation concept for the 100% national tracker, which will ensure greater stock availability and an increase in efficiency in the energy generation of photovoltaic plants. With all these actions and investments, our revenue projections for the 2022/23 biennium are approximately R$ 1.5 billion.”
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200% Growth Makes MTR Set Ambitions for Its Solar Equipment
In 2022, MTR invested in two joint ventures, resulting in the dedication of all production from the factories to the projects of the company, for the manufacture of fixed structures, trackers, and medium voltage skids, both with factories located in Juiz de Fora/MG. With a 200% growth in 2022, the company’s goal for 2023 is to generate business that reaches 1.5GW in solar equipment.
The company’s specialty is offering 90% of the equipment necessary for the construction of photovoltaic plants, using its expertise in the market to work with the best and most effective equipment available and having renowned sales consultants who provide consulting to recommend the equipment that best suits the client’s project.
To meet the demand for solar products and equipment that is expected to grow even more in 2023 and the coming years, MTR Solar has formed a partnership with Tamura. The partnership will allow for the supply of approximately 300 dry transformers for use in the solar energy area, which will meet the needs of the first quarter of this year. The deal involving an investment of R$ 30 million has the capacity to generate almost 300MW.
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