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Soltec’s Profit Surges to €13.1 Million in 2022 on Strong Demand for Solar Trackers

The company delivered a record 3.8 GW of trackers in 2022

March 3, 2023

/ Arjun Joshi
/ Other, Renewable Energy
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Solar tracker maker Soltec Power Holdings recorded a net profit of €13.1 million ($14 million) in financial year (FY) 2022, a year-over-year (YoY) increase of 1191% compared to the net loss of €1.2 million (~$1.3 million) in FY21.

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Arjun Joshi

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