Soltec moves forward with its strategic plan by selling its stake in the joint venture with TotalEnergies

• Soltec sells its stake in the joint venture with TotalEnergies to Darwin Gestión Global — an entity linked to Pino Investments — for a fixed value of €18.6 million, plus a contingent variable price.
• Part of the proceeds will go toward reducing the financial debt with Pino Investments, with an amortization of €17.7 million.
• The company has also completed another divestment transaction worth approximately €2 million.
• Both transactions are part of Soltec’s new strategic plan, focused on less capital-intensive businesses.

Murcia, July 11, 2025. Soltec continues taking firm steps in executing its new strategic plan, closing two key transactions aimed at streamlining its structure and strengthening its financial position. On one hand, Soltec Asset Management, S.L.U. (“SAM”), a subsidiary of the group, completed the sale of its stake in the joint venture with TotalEnergies to Darwin Gestión Global, S.L.U., an entity linked to Pino Investments. This transaction generated fixed proceeds of €18.6 million, to which an additional variable component tied to the start-up of projects still under development will be added.

The stake sold by Soltec corresponds to Project Orchard, a portfolio of 11 solar plants located in the Murcia region, with a total capacity of 381 MWp, at various stages of development. The overall investment associated with this portfolio amounts to €296 million. The project was co-developed and jointly controlled by Soltec (35%) and TotalEnergies (65%).

With the proceeds obtained, Soltec amortized €17.7 million of its debt with Pino Investments, representing a significant reduction in financial debt. This means the company’s debt is reduced from €95.1 million as of today to €77.3 million.

In addition, Soltec carried out a second divestment transaction, selling several companies belonging to its subsidiary Soltec Development to Aquila Capital, including several energy projects under development in Italy. The transaction value amounts to approximately €2 million.

These decisions are part of the strategic plan the company has been implementing for months, focused on strengthening its core activity: solar tracker supply.

“These transactions are fully aligned with our new strategic plan. They allow us to free up resources, generate liquidity and focus on activities with lower operational complexity and lower capital intensity, thereby reinforcing Soltec’s core business. We are building a more efficient, more solid company, ready for the future,” said Mariano Berges, CEO of Soltec.