PVHardware Secures Crucial Financial Backing for Solar Tracker Manufacturing Expansion

In the realm of renewable energies, financial support from banks and financial institutions emerges as a critical factor for the success of large-scale projects necessitating substantial investments. PVHardware (PVH), a prominent solar tracker manufacturer, underscores the pivotal role of economic backing in its expansion plans, particularly with the impending commencement of production at its new facility in Houston.

Emilio Garcia, PVH’s COO, emphasizes the significance of financial support in the company’s journey toward establishing its presence in the solar tracker manufacturing sector. Garcia affirms, “Financial support is essential to initiate operations in our new Houston factory. It provides us with the resources to invest in cutting-edge technology, streamline production processes, and deliver high-quality solar tracking solutions to our customers. We possess a robust structure and top-notch engineering capability, bolstered by bankability.”

Beyond banking support, securing backing from tax equity providers proves equally crucial, particularly in the initial phases of project production. Notably, PVH has garnered support from major tax equity providers like Bank of America and JP Morgan, highlighting their confidence in PVH’s vision and expertise.

This collaboration extends beyond financial transactions, symbolizing a partnership grounded in mutual trust and a shared vision of sustainable energy solutions. PVH’s global reputation as a tracker manufacturer and its proven track record of success over almost a decade have fostered common ground with financial institutions, who not only provide financial resources but also offer expertise and guidance.

PVH’s strong financial position, consistent business plans, and commitment to innovation and sustainability underscore its track record of success in the U.S. since its inception in 2011. This support serves as a catalyst for the company’s growth and innovation, consolidating its future strategy in the United States as it aims to become a leading player in photovoltaic energy development, paving the way for a greener and more sustainable future.