Soltec moves forward with its action plan to regain viability and return to growth

• Mariano Berges, the company’s CEO, highlighted at the General Meeting the strategic plan, which includes the entry of a new investor, a focus on its core business and more than 40 initiatives to optimize management.
• The company will focus its activity on the solar tracker division following a 2024 with sales of €300 million in this segment.
• It will also divest from non-strategic lines, such as EPC and asset management.

Molina del Segura (Murcia), July 22, 2025. Soltec held its General Shareholders’ Meeting this Tuesday, at which it approved the 2024 accounts and ratified the appointment of new directors. In his address, the company’s CEO, Mariano Berges, highlighted the strategic plan aimed at strengthening the company’s market position and moving toward a more efficient, sustainable operating model.

The new roadmap includes measures aimed at consolidating the company’s competitive position in the solar tracker segment, its core business, which generated revenue of approximately €300 million and delivered 3.7 GW in 2024. This business line stands out for its high technological level, international presence and sustainable margins.

As part of the new approach, the company will continue divesting from non-strategic lines, such as the construction (EPC) and asset management divisions, as well as selling stakes in projects and companies. These actions have already helped improve liquidity and reduce part of the debt.

In addition, more than 40 internal initiatives are being implemented, focused on process improvement, financial control, treasury management and operational efficiency. Measures adopted include separating company ownership from operational management, as well as bringing in a specialized management team and independent directors.

At the same time, Soltec is progressing with a debt restructuring process with banks, suppliers and creditors, including an average reduction of 50% and new deferred payment schedules.

On the financial reinforcement front, the company has received an investment proposal from a new strategic partner, which envisages a €30 million capital injection, a further €15 million in liquidity, and the provision of guarantees to reactivate commercial activity. This transaction will result in an 80% dilution for current shareholders, but is considered essential to ensuring the company’s continuity.

During his address, Soltec’s CEO, Mariano Berges, stated: “We have designed a realistic, forward-looking solution that will allow Soltec to regain its solidity. With a renewed team and the support of a new strategic partner, we are ready to face the challenges ahead and build a stronger company.”

With more than two decades of track record and over 20 GW supplied, Soltec remains committed to innovation through technological solutions such as the Agrisun agrivoltaic system and the Flotus floating tracker, with which it aims to continue leading the evolution of the solar sector globally.