Create an asset management division

MADRID, 19 May. (EUROPA PRESS) -

Soltec Power Holdings expects to achieve consolidated revenues of between 780 and 840 million euros in 2025 and a gross operating profit (Ebitda) in the range of 100-120 million euros, according to the 2022-2025 strategic plan announced this Thursday by the group.

Likewise, the company, which currently has more than 11.6 gigawatts (GW) of projects under development, expects to reach between 25 and 30 GW in 2025, distributed in a balanced way with a presence of 55% of the portfolio in Europe .

In addition, the renewables group announced its intention to take a further step in its integration strategy with the intention of gradually becoming an industrial IPP through its new business division, Soltec Asset Management - its asset management division -, which is added to the company's other two lines of activity: the industrial division and the business development division.

This asset management division will maintain around 1,020 megawatts (MW) in operation in 2025, generating revenues between 30 and 40 million euros.

Through this division, Soltec indicated that it expects to obtain an additional income stream from the sale of energy "which provides recurrence, solidity and stability, as well as mitigating existing risks in the value chain thanks to geographic and business".

In addition, in its strategic plan, the company expects the supply of solar trackers to reach cumulative volumes of between 26 and 30 GW in 2025, with revenues of between 750 and 800 million euros, and an Ebitda of between 45 and 50 millions of euros.