ImpactAlpha, March 31 — The global solar energy market is expected to reach $223.3 billion by 2026, up from $52.5 billion in 2018.
Austin-based FTC Solar launched in 2017 develops trackers to increase solar energy production by optimizing the orientation of panels for solar project developers and asset owners in the U.S., Asia, the Middle East, North Africa and Africa.
Regulatory support and project auctions are creating “competitive pricing and favorable climate conditions for solar energy” in Latin America, the company says.
FTC is looking to raise up to $100 million in an IPO to buy back shares from employees and stakeholders, and for working capital, according to a regulatory filing.
