TrinaTracker, part of Trina Solar, has secured a Machinery and Equipment Financing (FINAME) code for its Vanguard 1P single-axis trackers from the Brazilian National Social Development Bank (BNDES).
The FINAME program by BNDES supports companies buying Brazilian-made machinery with lower interest rates. To get the FINAME code, companies must meet certain criteria, including using local manufacturing and labor for components.
A crucial factor for FINAME is a localized supply chain. TrinaTracker recently opened its first solar tracker factory in Salvador, Bahia, Brazil, boosting its global production capacity to 10 GW.
Apart from the factory, TrinaTracker ensures robust local support in Brazil, including training, technical assistance, and a stocked inventory for quick replacements during plant operation and maintenance.
TrinaTracker’s Vanguard 1P series, featuring AI tech and intelligent algorithms, adapts to different light and terrain conditions, optimizing power generation.
Marcus Fabrino, Head of TrinaTracker in Latin America and the Caribbean, says these trackers can boost power generation by up to 8%.