Shoals Technologies expands into South American market with Alcones solar project

2025-07-08 20:51

Shoals Technologies (NASDAQ:SHLS) announced on Tuesday the execution of a contract with CJR Renewables to deliver its Big Lead Assembly (BLA) for the 110 MW Alcones project in the Marchigüe, Región del Libertador Bernardo O´Higgins, Chile.
CJR Renewables, a leading Engineering, Procurement, and Construction firm, has installed 1.6 GW of solar across the globe. The 110 MW Alcones project will be the first built with BLA in Chile, enabling the acceleration of installation and enhancing long-term system reliability.
The partnership also supports Shoals' strategic expansion into attractive new markets, like South America.
Once operational, the Alcones project will generate enough electricity to power over 86,000 households, while avoiding more than 62,000 tons of CO₂ emissions annually.
Shoals Technologies (NASDAQ:SHLS) shares were down more than 6% in premarket trading.

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