Madrid, 11 years (European Press)
Soltec has completed the sale of a 400 MW project under development in the state of Mato Grosso do Sul (Brazil) to Casa dos Vientos, one of the major renewable energy entities in the South American country, the group said, for which the amount of the transaction has not been determined.
At the end of 2023, Soltec, through its Energy Division, had 13 GW of projects under development worldwide, of which 6.4 GW are located in Brazil, in various stages of development.
The company’s CEO, Raul Morales, CEO of Soltec, confirmed that this agreement “contributes to the evaluation of the portfolio of development projects” that the group owns at the global level.
“Brazil is a strategic market for Soltec, where we have an important position and proven track record, and the quality of the agreement reached highlights our operational capabilities in the country,” he said.
The company dedicated to photovoltaic projects has already carried out several asset rotations so far this year. Thus, in January, it sold 100% of its portfolio of PV projects in Denmark, which were in the initial development stage, to the CIP Fund – Energy Transition Fund I (CI ETF I), and also completed the transfer of ownership of Aquila Capital to Aquila Capital. 49% of a project in Catania (Italy) with an installed capacity of 52 MW has reached the “ready for construction” stage.
At the beginning of this April, the manufacturer of solar tracking devices began redoing its annual accounts for the year 2023, in relation to the results that it reported to the market at the end of February, due to a dispute with its auditor, Ernst & Young, regarding the criteria for temporarily recognizing income to stop registration in the year for a total of 192 €1 million for the supply of solar trackers, together with corresponding costs of €144 million.
With this new formula for its accounts, the Group recognized €395 million in consolidated income, adjusted gross operating results (Ebitda) of €10.4 million at the consolidated level and net losses of €23.4 million, compared to a profit of €11.7 million in that year. It was reported at the end of February.
