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STATEMENT: GameChange Solar opens a solar tracker factory in Brazil

(Information sent by the signatory company).

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STATEMENT: GameChange Solar opens a solar tracker factory in Brazil

(Information sent by the signatory company)

The Brazilian Development Bank (BNDES) grants FINAME certificate to the company's solar trackers for meeting local content requirements in Brazil

NORWALK, Conn., Jan. 23, 2024 /PRNewswire/ -- GameChange Solar (GCS), a leading global provider of advanced, cost-effective solar tracking solutions for ground-mounted photovoltaic (PV) plants, announced the opening of a new factory , exclusive training, service and technical support center for its Genius Tracker™ solar trackers in Feira de Santana, Bahia, Brazil.

The Brazil factory, located in Feira de Santana, Bahia, went into operation in November 2023. It has the capacity to produce 2.5 GW of trackers and can be expanded to meet additional demand. In addition to serving the local market, the Brazilian factory will be able to supply Genius Tracker units to other Latin American countries.

Additionally, the Brazilian Development Bank (BNDES) has granted FINAME certification for its GameChange Solar Genius Tracker trackers, assuring industry customers that the trackers meet Brazil's national content and manufacturing process requirements.

"The opening of our new factory in Brazil demonstrates GameChange Solar's commitment to the Brazilian solar economy," said Vikas Bansal, International President of GameChange Solar. "As a global leader and provider of solar tracker technology, we are delighted to be operational, FINAME compliant and offering high quality solar jobs in one of the fastest growing solar markets in the world. We are open for business and will begin fulfill orders immediately."

Ion Acosta, COO and head of Brazil at GameChange Solar, added: "Having the factory and service center in addition to our commercial headquarters in São Paulo is a great step for us in Brazil. We will be able to offer unparalleled service to our customers with the ability to provide manufacturing, training, service and support in the country."

According to recent forecasts from Absolar, Brazil's solar energy association, new investments in Brazil's solar PV industry could exceed 38.9 billion reais ($7.8 billion) in 2024, with developers expected to install more than 9 .3 GW of solar capacity this year.

About GameChange Solar

GameChange is a leading global provider of solar tracker solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. We have delivered over 26 GW of solar trackers and fixed tilt systems that combine rapid installation, cost-effective quality and unbeatable value through superior engineering, innovative design and high-volume manufacturing. Our products allow power plant solar panels to track the sun's movement across the sky and optimize plant performance while protecting the plant from harmful weather conditions.

Additionally, GameChange Solar, through its subsidiary GeniusBOS, is expanding a product portfolio for the broader balance of solar panel system needs.

For more information, visit GameChange Solar.

Contact:Lisa AndrewsDirector of MarketingGameChange Solarlisa.andrews@gamechangesolar.com

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