Nancy Pfund, a partner at DBL Investors and a board member at NEXTracker, tells GTM, “As we’ve seen over the past year or two, solar hardware is having an investment moment. Any companies that drive down costs and/or increase performance (think Zep and Silevo) are in a position to be attractive as the industry grows and industry players look for ways to increase system profitability. NEXTracker fits squarely in this space, as tracking systems can boost the economics of ground-mount solar farms in a significant way”
Pfund added, “Everyone knows that the global PV industry is growing fast, but many people don’t know that utility-scale systems are growing fastest, and that trackers are one of the fastest-growing PV applications, with 17 percent of global PV installed on trackers in 2013, projected to grow to 27 percent for 2017. In fact, NEXTracker is one of the fastest-growing companies in our portfolio.”
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