Ftc Solar, Inc.NASDAQ: FTCI

FTC Solar secures supply deal with South Africa-based Lubanzi Inala

· Issued by Ftc Solar, Inc.

US-based solar technology provider FTC Solar Inc (NASDAQ:FTCI) has secured a three-year supply agreement with Lubanzi Inala, a South African solar procurement company within the Green Axis Africa EPC consortium, to deliver solar tracking systems for projects totalling approximately 840MW.

The agreement covers the supply of single-axis tracking systems across a portfolio of utility-scale solar projects in South Africa, using a combination of 1P and 2P tracker configurations.

“We’re pleased to have been selected by Lubanzi and Green Axis Africa to support their portfolio of 1P and 2P solar projects across South Africa,” FTC Solar CEO Yann Brandt said.

“With a broad portfolio of the fastest and easiest to install trackers in the marketplace, as well as exceptional software and service, we look forward to helping Lubanzi optimise each individual project site,” he added.

Lubanzi Inala CEO Simphiwe Sithole said the partnership would support delivery of a diversified pipeline of solar projects.

“FTC Solar has built a strong set of innovative tracker solutions and is the right partner to support the needs of this diverse project portfolio,” Sithole said.

The first project under the agreement is expected to begin in mid-2026, with deliveries phased over the three-year term.

Demand has grown for solar tracking systems in South Africa, where developers are accelerating deployment of utility-scale renewables to address persistent power shortages (load shedding) and improve generation efficiency.

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