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Soltec Power Holdings Gains Momentum as Q2 Losses Drop by 50%

The company’s revenues stood at €107.8 million, a YoY increase of 40%

September 28, 2023

/ Gautamee Hazarika
/ Markets & Policy, Solar
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Solar tracker manufacturer Soltec Power Holdings recorded a net loss of €4.8 million (~$5.05 million) during the second quarter (Q2) 2023, a year-over-year (YoY) improvement of 50% from a net loss of €9.6 million (~$10.1 million).

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Gautamee Hazarika

More articles from Gautamee Hazarika.
Financial ResultsInflation Reduction ActRenewable EnergySolar TrackerSoltec
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