Solar Pile International PV foundations cater best to softer and more expansive soil conditions. Image: Nextracker.
PV tracker manufacturer Nextracker has acquired US-based solar PV foundations supplier Solar Pile International (SPI) for US$48 million.
The acquisition was unveiled during Nextracker’s financial results for the period covering April to June 2024 (Q1 FY25 for the company). This is the second acquisition in just over a month for the tracker manufacturer, which expanded its solar foundation business in June when it acquired US-based solar foundation company Ojjo for US$120 million.
(The above content is reproduced from pv-tech，By Jonathan Touriño Jacobo）
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