CHANGZHOU, China, January 13, 2025 /PRNewswire/ — Arctech, a leading global provider of solar tracking and design, announced that it has signed a supply agreement with NORINCO Internationalpart of China North Industries Corporation. Under this agreement, Arctech will supply its 1P single-axis SkyLine II solar tracking device for a 125 MW solar power project near Stolac, Bosnia and Herzegovina (BiH), which marks an important step for Arctech in the European solar market.
Bosnia and Herzegovinasitting on Southeast Europereceives an annual average of solar radiation of about 1,500 kWh/m2, which provides a great opportunity for the development of efficient solar projects. According to me International Renewable Energy Agency (IRENA), the country aims to have a photovoltaic power generation capacity of up to 3 GW by 2030. In recent years, the local government has developed a comprehensive strategic plan, the Bosnia and Herzegovina Energy Framework A clear Strategy 2035. provisions for the share of renewable energy in the country’s energy production model.
Arctech started its local operations in Europe since 2013 by establishing a local office in Madrid, Spain. To better integrate into the European community, Arctech has established a service center, regional headquarters, and R&D center in. Madrid, Spainas well as a warehouse in Valencia, Spain. To November 2024the company inaugurated its new European headquarters in Madrid. Currently, Arctech has established a comprehensive local service system that covers the entire lifecycle of solar projects, providing solution design, service support, delivery assurance, and O&M services to meet the needs of local project and contribute to the energy transition in the region.
Regarding this partnership, NORINCO International stressed that Arctech not only offers diverse and innovative products and technology but also boasts world-leading service and supply chain management. In addition, Arctech has an extensive track record of experience in many major GW-level projects around the world, adding confidence to this partnership.
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