Solarpack registered a net profit of $5.7 mn in the first half of 2020

Spanish solar company Solarpack Corporacion Tecnologica SA arrived at a net profit of €4.8 million ($5.7 million) in the first half (H1) of 2020, compared to €626,000 recorded a year earlier. Earnings before interest, taxes, depreciation and amortisation (EBITDA) jumped by 226% year-on-year to €31.9 million, while operating revenues surged by 191% to €78.8 millions. Solarpack had stakes in 545 MW of solar parks located across Spain, Peru, Chile and India.

Source: Renewables Now