Soltec has filed a request with Murcia Commercial Court No. 2 for approval of its restructuring plan. In this way, the company has managed to ensure the viability of its business in the short and medium term. Among other measures, it has agreed to reduce its debt from approximately €385 million to €255 million.
An essential element in reaching the agreement has been the entry of a new investor, DVC Partners, who will take out a €30 million loan with Soltec that will be repaid in shares representing 80% of the capital. To this end, the company will carry out a simultaneous capital reduction and increase.
In addition, Soltec has managed to secure the necessary liquidity to be able to comply with its business plan. On the one hand, the new investor will provide it with financing amounting to €15 million. For their part, creditors have granted it a new line of guarantees worth €12 million.
Following the agreement on the restructuring plan, Soltec will focus on consolidating its competitive position in the solar tracker segment, its core business, which in 2024 generated revenues of approximately €300 million and delivered 3.7 GW. This line of business stands out for its high level of technology, international presence, and sustainable margins.
In addition, the company will continue with the process of divesting non-strategic lines such as the construction (EPC) and asset management divisions, as well as the sale of stakes in projects and companies that have already contributed to improving liquidity and reducing part of the debt.
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