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Soltec
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Short description

Manufacturer of concentrating photovoltaic (CPV) modules as well as sun tracking hardware, and provider of project development services

Founded in 2004
Founded in

Company type Public Public (SOL)
Company type

Industry Group energy & power

Sector solar

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Spain Murcia, Spain
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Traction
  • 1 M&A items
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Date Company
01/28/2015

Enel Green Power Enel Green Power

Soltec will supply 80 MW of solar trackers to Enel Green Power's Pampa Norte PV project in Chile's Antofagasta province.

Confirmed by Enel Green Power

Partnerships
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Date Partner Type
12/01/2012
JinkoSolar Holding JinkoSolar Holding
JinkoSolar Holding in partnership with Soltec provided 804 kW of highly efficient solar panels to the largest rooftop PV solar installation located on a desalination plant in Murcia, Spain. The desalination plant is operated by the Spanish state-owned water company called Acuamed.
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Confirmed by JinkoSolar Holding
Project Development
Investment Rounds
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IPO INFORMATION

Date

10/28/2020

IPO status

Listed

IPO Type

IPO

Amount

$176M

Initial shares

Ticker symbol

SOL

Exchange listed

Prospectus URL

Prospectus

Source URL

Source

Description

According to an intent to file a document, the company is looking to raise gross proceeds of up to €150 million (US$176.7 million), which it will use to capitalize on the expected growth of the global solar industry in the coming years. Soltec intends to list on the Spanish Stock Exchanges of Madrid, Barcelona, Bilbao, and Valencia and is aiming to entice qualified shareholders from across the globe, as well as employees, to participate in the offering.

Date Investors Type Amount
02/13/2012 Investec Investec (1)
Post-money valuation of
Soltec has secured investment for its planned 50MW concentrated solar power (CSP) plant in South Africa.
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