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NX Horizon-XTRThe industry’s most advancedall-terrain solar tracker 100 GWshippedworldwide* 15 GWNX Horizon-XTRcumulative** Executive Summary Solar trackers have evolved as crucial componentsof utility-scale solar applications, addressing theinherent inefficiencies of fixed installations. Thegrowing importance of solar trackers is furtheremphasized by their compatibility with bifacialmodules, which have become mainstream in utility-scale applications. This combination is bringingincreasingly synergistic benefits to power production. emerging markets in Asia-Pacific and Brazil. Beyond the core function of maximizing energycapture, today's trackers are embracing cutting-edge technologies, with AI-powered controllersand sophisticated algorithms optimizing trackingperformance. The major emphasis is on maximizingsunlight absorption by positioning the modules at anoptimal angle and avoiding shading to get the bestout of the shading situation. One tracker suppliereven offers a smart shading function for half-cellmodules, where the module is intentionally shaded atthe bottom to optimize the inclination angle for betteryield. The next step is optimizing panel positioningin diffused light conditions, such as cloudy days. Thenew-generation algorithms are also smart enough todifferentiate between a passing cloud and a cloudyday. The transformation taking place in the solar trackerlandscape is a dynamic one. With this 3rd edition ofthe TaiyangNews Market Survey on Solar Trackers,we extend our coverage to provide a comprehensiveoverview of important developments in thetracker segment, from noteworthy technologicalimprovements to emerging trends and a detailedproduct showcase. This survey edition features 26products from 14 companies, including most marketleaders in the segment. Solar projects increasingly encounter complex terrainas flat land becomes less easy to access and moreexpensive in mature markets. Traditional trackerdesigns require costly land grading or increasedpier length to function on uneven ground, both ofwhich raise project costs and environmental impacts.The best and the most popular solution is adaptingtrackers to the terrain, minimizing the need forextensive grading and sparking significant interest inthe industry. In the bifurcation of trackers, single-axis trackershave become synonymous with the term 'trackers' inthe field, while dual-axis trackers are also coveredmore deeply in this edition. Trackers were in highdemand during times of high module prices, asthey help realize the target power of a project withfewer modules compared to fixed-tilt mounting.However, these sun-tracking systems are still findinga business case in the current market conditionsof rock-bottom prices for modules and inverters.Projects may now have sufficient budgets to includetrackers, as they ultimately increase energy yield,which every project owner is looking for. The tracker segment is also exploring exciting newapplications. Integration with agrivoltaics – the co-location of solar panels and agriculture – is creatinga win-win for land use. Trackers are also handy tomitigate noon peaks effectively by adjusting themodules’ optimal position. In the end, everythingboils down to costs in PV; thus, we have alsoprovided a few price points for different trackers. Inaddition to summarizing these key developments,the survey also lists key specifications of products(in tables) and corresponding detailed productdescriptions. The tracker segment is enjoying a ‘pull’ effect alsoon the demand side. Investors and developersare now more informed about the feasibility andeffectiveness of trackers, and larger developers arepushing for trackers in more and more markets. Asa result, trackers are now deployed even in regionshistorically known to favor fixed systems. The globaltracker market has seen accelerated growth over thelast 2 years, especially in the US, Europe, and a few Enjoy reading our Market Survey on Solar Trackers 2024 Shravan K. ChunduriHead of Technology, TaiyangNewsshravan.chunduri@taiyangnews.info+91 996 327 0005Hyderabad, India Michael SchmelaManaging Director, TaiyangNewsmichael.schmela@taiyangnews.info+49 173 15 70 999Duesseldorf, Germany Contents © TaiyangNews 2024All rights reserved.Market Survey on Solar Trackers 2024ISBN 978-3-949046-25-4 The text, photos and graphs in this report are copyrighted (cover photocredit: Nextracker ). TaiyangNews does not guarantee reliability, accuracy orcompleteness of this report's content. TaiyangNews does not accept responsibilityor liability for any errors in this work. Publisher:TaiyangNews UG (haftungsbeschraenkt)An der Golzheimer Heide 2340468 Duesseldorf, Germanywww.taiyangnews.info Come and discover ourupgradedVanguard 1Pversion at Intersolar! Find out all the details at our booth! Solar Trackers 2024 |TaiyangNews 5 1. Introduction Forget what’s on the label; the performance of PVmodules often differs from the nominal power theyboast in Standard Test Condit