26 September 2024
Soltec begins negotiations with financial entities to reach a debt restructuring plan for its subsidiary Soltec Energías Renovables
- It is the second solar plant to which Soltec supplies solar trackers in Romania.
- The supply will be carried out in 2023 to MYTILINEOS, a Greek industrial and energy multinational company, with a consolidated turnover of €6.3 billion and EBITDA of €823 million.
- The construction of this project will prevent the emission of 196,170 tons of CO2 into the atmosphere.
Soltec, a vertically integrated company dedicated to photovoltaic projects with solar trackers, has signed an agreement with MYTILINEOS to supply 130 MW of its SF7 tracker in a project in Romania. The project will be fully supplied in 2023. The solar plant is located in the county of Giurgiu, in southern Romania.
This project will feature Soltec’s SF7 trackers with a 2-in-portrait configuration. This allows for a reduction in construction time thanks to its ease of assembly and reduced number of parts. The SF7 has 54% fewer piles compared to its main competitors and 58% fewer parts, allowing for faster installation.
The solar project will have a total of 3,083 SF7 trackers and 227,240 modules. In addition, the plant will prevent the emission of 196,170 tons of CO2 into the atmosphere, contributing to the reduction of environmental impact and pollution in the area. The 130 MW of this plant is equivalent to the energy needed to power almost 22,000 households.
“We are very proud to work again with MYTILINEOS, which highlights their trust in Soltec and our product. With this project, we reach nearly 900 MW supplied to MYTILINEOS globally with the common goal of decarbonizing the economy and contributing to creating a cleaner world while helping to combat the energy crisis in Europe. We hope that this second project in Romania will be one of many on which we will work together in Europe”, said Raúl Morales, CEO of Soltec.
The solar plnat will be Soltec’s second in Romania and the largest one worked on to date in the territory. The supply of solar trackers is expected to take place during the second half of 2023.
The project will be commissioned for PPC Group.
