21 May 2021

Soltec Industrial signs 142-MW contract with Endesa for three projects in Extremadura (Spain)

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  • Soltec Industrial confirms good business evolution and further increases operating backlog with this new project for supply of solar trackers and construction
  • Project completion is scheduled for 2021 and bifacial trackers will be
  • This project is expected to create over 900 jobs in the region and to further expand the use of renewable energies, thus preventing the emission of 284,000 metric tons of CO2
  • The plants are located in the Region of Extremadura (Spain), between Almendralejo and Merida

Soltec Power Holdings announces a new contract with Endesa for supply of equipment and construction services for three photovoltaic plants in the Region of Extremadura (Spain), with a 142-MW installed capacity.

Veracruz, Puerta Palmas and El Doblón are located between the municipalities of Almendralejo and Mérida, and will have an installed capacity of c.50-MW each.

Within the framework of this project, Soltec will supply Endesa with the SF7 bifacial tracker, a 2-in-portrait tracker, specifically designed by Soltec to maximize the production of bifacial modules.

For the construction of these plants, Soltec Power Holdings will provide employment and qualified training to more than 450 people in the region, promoting the hiring of local labor, as established in the company’s Sustainability Plan.

This new agreement allows Soltec to continue increasing its backlog, which was at a record high in the first quarter of the year and has further grown in the second quarter.

Furthermore, the agreement reached with Endesa implies the execution of a project to be scheduled this year. According to data from March 31, 2021, Soltec Industrial had a backlog of €306 million and a pipeline of €2,667 million.

According to Raul Morales, CEO at Soltec Power Holdings:

“This contract consolidates our good relationship with Endesa, which we consider a key partner. The fact that this project will be developed in Spain is important for Soltec and makes us happy because in addition to being one of our strategic target markets, it allows us to foster the use of clean energies in our country.

This project in Extremadura will contribute to the development of local communities through both a social action program and a specific employment and training program. In Soltec, we believe that the economic and social development of local communities is paramount within the framework of energy transition.”

About Soltec Power Holdings

Soltec Power Holdings is a leading company specialized in integrated photovoltaic solar energy solutions, focusing on solar tracking systems and strongly committed to innovation.

Soltec Power Holdings, with headquarters in Murcia (Spain), was created in 2004 and operates in a variety of world areas, with a strong presence in Spain, North America and Latin America. It currently operates in 16 countries and employs over 1,207 people. Ever since its creation and until the first quarter of 2021, Soltec has supplied solar trackers for projects amounting to 8.6 GW of installed capacity. The company is listed on Spain’s Stock Exchange since October 28, 2020 under the ticker ‘SOL’.

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