The acquisition was financed from Soltech's own funds. The founders of Sud Renovables will retain a 0.3 percent stake in the company. A new option agreement has also been signed, paving the way for Soltech Energy to achieve full ownership in future.
Sud Renovables commissions Balearic Islands’ largest floating solar plant
Sud Renovables specialises in large-scale rooftop PV systems, solar facades, car park canopies, solar parks and floating arrays on rainwater collection ponds. Founded in 2005, the company is well established in Catalonia. (hcn)
