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Home » News » Solar » Soltec Reports Slower H1 2023 Financial Results Amid Expansion Plans
Finance

Soltec Reports Slower H1 2023 Financial Results Amid Expansion Plans

By Michelle AdkinsOctober 1, 20232 Mins Read
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Credit: Soltec
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Spanish solar tracker manufacturer Soltec has unveiled its financial results for the first half of the year, revealing revenues of €184.5 million. However, the company also reported earnings before interest, taxation, depreciation, and amortization (EBITDA) of -€10.2 million and a net loss of €14.4 million. Soltec attributed some of its financial challenges to "low volumes

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EBITDA Inflation Reduction Act Photovoltaic Renewable energy Soltec Spain United States
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