23 April 2025
Soltec will supply innovative solar trackers to a photovoltaic plant in Brazil that will prevent over 89,000 tons of CO2 emissions
- Soltec has obtained a three-month extension, extending the deadline until June 26, 2025.
- The company has demonstrated that there are solid foundations for a plan that ensures its viability.
- The company has received several non-binding offers from potential investors to facilitate the debt restructuring process.
Madrid, March 27, 2025. The Commercial Court No. 2 of Murcia has granted Soltec, a company specializing in photovoltaic energy solutions, a three-month extension for the debt restructuring of its subsidiary, Soltec Energías Renovables (SER). This will allow the company to continue negotiations with its creditors until June 26, 2025. The company has demonstrated solid foundations to ensure its viability through its strategic plan, as well as the willingness of all involved parties to work towards a solution that enables its continued implementation.
Following this announcement, the company will continue exploring various alternatives. The goal of this process is to reach an agreement with creditors that ensures the company’s operational continuity. Soltec seeks a financial restructuring that strengthens its long-term stability. So far, the company has made progress in its restructuring process and has received several non-binding offers from potential investors.
This extension will allow the company to focus on executing its strategic plan and securing new investors. To achieve this, Soltec remains in discussions with potential partners and has also concentrated on its core business—solar trackers—which offer high margins and strong cash generation capacity, while discontinuing lower-value activities or those with higher resource consumption.
Soltec is following a clear roadmap to address the company’s current challenges. Through its progressive implementation, Soltec aims to reinforce its financial structure, improve liquidity, and manage its financial and operational commitments more efficiently, ensuring a sustainable long-term model.
