Elettronica Santerno grows its revenue by 50% in 2013

Italian inverter producer Elettronica Santerno SpA, a subsidiary of industrial group Carraro SpA, said its revenue increased by 49.8 percent year on year in 2013. Revenue climbed from €49.7 million ($69.3 million) in 2012 to €74.4 million last year. According to the company, the growth of its turnover for 2013 came from its solar business abroad. The company has recently signed three agreements to provide inverters for large-scale solar projects in the US, South Africa and Thailand for a capacity of 81 MW, 265 MW and 126 MW, respectively.

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