Gransolar Group closed 2022 with a net profit of 44 million euros, 94% higher than the previous year. Revenues received by the Group amounted to 991 million euros, 84% more than the previous year (537 million euros) and 191% higher than the revenues obtained in 2020 (340 million euros).

Along the same lines, EBITDA reached 81 million euros, 101% above the figure obtained in 2021.

In one year, Gransolar doubled its income and revenues

The company doubled all figures in 2022, a year in which it has maintained its international expansion strategy. At the end of 2022, Gransolar Group had a portfolio of almost 300 projects developed around the world. Of particular relevance is the Group’s presence in Europe, the Middle East and Australia.

By business units, the highest growth was achieved by PV Hardware (PVH), a world leader in the manufacture and supply of solar trackers and their components, with an 89% increase in turnover. PVH leads the sector globally through innovation and in-house manufacturing of all its products at its factories in Valencia (Spain) and Jeddah (Saudi Arabia), and at the production center it is about to inaugurate in Houston (USA).

Control over the whole value chain in photovoltaic energy

The company’s capacity to offer solutions throughout the entire value chain of a PV plant, collecting the interactions, knowledge and synergies between the different areas, has made Gransolar Group a world leader in its sector, with presence in 28 countries and almost 300 projects supplied worldwide, totaling 25 GW.

Domingo Vegas, President of the company, emphasized: “we are really satisfied with the results obtained in 2022, which are due to the work and talent of our more than 1,500 employees around the world. On the other hand, our strategy is to continue growing, for which we already have a portfolio of around 2,200 million euros in 2023 and 2024”.