12 December 2025
Soltec begins the implementation of its restructuring plan, which will culminate in a capital increase securing the entry of DVC Partners as the new majority investor
- Soltec sells its stake in the joint venture with TotalEnergies to Darwin Gestión Global – entity linked to Pino Investments – for a fixed amount of €18.6 million, plus a contingent variable price.
- Part of the proceeds will be used to reduce financial debt with Pino Investments, including a €17.7 million repayment.
- The company has also completed a second divestment worth approximately €2 million.
- Both transactions are part of Soltec’s new strategic plan, focused on capital-light business models.
Murcia, July 11, 2025 – Soltec continues to make steady progress in the execution of its new strategic plan with the closing of two key transactions aimed at simplifying its structure and strengthening its financial position.
On one hand, Soltec Asset Management, S.L.U. (“SAM”), a subsidiary of the group, has 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. The deal has generated a fixed income of €18.6 million, with an additional variable component contingent upon the future commissioning of the projects currently under development.
The divested stake corresponds to the Orchard Project, a portfolio of 11 solar plants located in the Region of Murcia, with a total capacity of 381 MWp in various stages of development. The overall investment linked to this portfolio amounts to €296 million. The project was co-developed and jointly managed by Soltec (35%) and TotalEnergies (65%).
Proceeds from the transaction have been used to repay €17.7 million of Soltec’s debt with Pino Investments, significantly reducing the group’s financial leverage. This means that the company’s debt has been reduced from €95.1 million as of today to €77.3 million.
In addition, Soltec has carried out a second divestment through the sale of several companies owned by its subsidiary Soltec Development to Aquila Capital, including various energy projects under development in Italy. The transaction amounts to approximately €2 million.
These decisions are part of the company’s strategic plan, which has been underway for several months, with a clear focus on strengthening its core business: the supply of solar trackers.
“These operations 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 capital intensity, thereby reinforcing the core of Soltec’s business. We are building a more efficient, stronger company that is ready for the future,” said Mariano Berges, CEO of Soltec.
