Soltec sells 813MW of trackers in Q1, driving record revenues
- Admin
- Jun 18, 2024
- 1 min read
Soltec, a Spanish solar tracker manufacturer, reported a record revenue of €121 million in Q1 2024, a 58% year-on-year growth. The company's EBITDA increased to €11 million, and net profits reached €1.3 million. Soltec has a significant portfolio across multiple countries including the US. Alma Miller is appointed as the new CEO of Soltec Trackers Inc. Soltec is targeting a 50% revenue growth in the US market. The company has also launched a new floating tracker concept to improve energy production from floating PV modules.
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