CHANGZHOU, China, January 13, 2025 /PRNewswire/ — Arctech, a leading global supplier of solar tracking and racking solutions, announced that it has signed a supply agreement with NORINCO Internationalpart China North Industries Corporation. Under this contract, Arctech will supply its signature 1P single-axis SkyLine II solar tracking system for a 125 MW solar project located near Stolac, Bosnia and Herzegovina (BiH), marking a significant milestone for Arctech on the European solar market.
Bosnia and Herzegovinawhich is located in Southeast Europereceives an average annual solar radiation of approximately 1,500 kWh/m2, offering considerable potential for the development of utility-scale solar projects. According to International Renewable Energy Agency (IRENA), the country is projected to have a photovoltaic energy production potential of up to 3 GW by 2030. In recent years, the local government has launched a comprehensive set of policies, with the Framework Energy Strategy of Bosnia and Herzegovina to 2035 clearly setting targets for the share of renewable energy in the national combination of electricity production.
Arctech started its local operations in Europe already in 2013 with the establishment of a local office in Madrid, Spain. In order to better integrate into the European community, Arctech has since established a service center, regional headquarters and a research and development center in Madrid, Spainalong with the warehouse in Valencia, Spain. IN November 2024the company inaugurated its brand new European headquarters in Madrid. Currently, Arctech has developed a comprehensive local service system that covers the entire life cycle of solar projects, providing solution design, service support, delivery assurance and O&M services to effectively meet the needs of local projects and contribute to the energy transition of the region.
As for this collaboration, NORINCO International emphasized that Arctech not only offers differentiated and innovative products and technologies, but also boasts a globally leading service and supply chain system. Moreover, Arctech has extensive experience in a number of large GW-scale projects around the world, which instills confidence in this partnership.
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