Soltec sells 813MW of trackers in Q1, driving record revenues
- Admin
- Jun 18, 2024
- 1 min read
Spanish solar tracker manufacturer Soltec reported 58% year-on-year revenue growth in the first quarter of 2024, reaching €121 million. EBITDA increased to €11 million, and net profits reached €1.3 million. The company's tracker pipeline value increased from €10.9 billion to €16.8 billion. Soltec aims for 50% revenue growth in the US under the new leadership of CEO Alma Miller. They also closed a deal with 12 financial institutions to support their industrial division.
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