Soltec sells 813MW of trackers in Q1, driving record revenues
- Admin
- Jun 18, 2024
- 1 min read
Spanish solar tracker manufacturer Soltec has published its financial results for the first quarter of 2024, posting revenues of €121 million, a 58% year-on-year growth. EBITDA reached €11 million, while net profits reached €1.3 million. The company has seen significant growth in its tracker deliveries and has a substantial tracker pipeline. Soltec has focused on the US market, appointing Alma Miller as the new CEO of Soltec Trackers Inc, aiming for 50% revenue growth. Soltec has operating assets and projects in various countries and has secured financing for its developments. Additionally, Soltec launched a new floating tracker concept to improve energy production of floating PV modules.
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