Soltec inks €100 million deal with Incus Capital to finance asset management arm

Facebook
Twitter
LinkedIn
Reddit
Email
The agreement is worth €100 million and able to help Soltec add value to and speed up the growth of Soltec Asset Management. Image: Soltec

Solar tracker manufacturer Soltec has signed a financing agreement with real assets investment advisory firm Incus Capital to fund its renewable asset management and exploitation business Soltec Asset Management.

The agreement, worth €100 million (US$108.7 million), can help Soltec add value to and speed up the growth of Soltec Asset Management, a business arm dedicated to the investment, exploitation, and management of renewable energy assets.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Moreover, the agreement also guarantees the construction and operation of some projects in the project development portfolio, mainly in Spain, Italy and Brazil.

“This deal allows us to vertically integrate and to begin to enhance the real value of our renewable business while providing us with the necessary funds to continue with our ambitious roadmap for the coming years,” said Raúl Morales, CEO of Soltec.

Soltec Asset Management was established in 2022 as part of the vertical integration strategy included in its 2022-2025 Strategic Plan since Soltec hoped to become an independent power producer (IPP) gradually.

Through this new business arm, Soltec expects to obtain an additional revenue stream from the sale of energy that provides recurrence, strength and stability to the company, adding that it will also allow it to “stand apart from its competitors and maximise the value of projects”.

The new division can also help mitigate existing risks in the value chain thanks to geographic and business diversification, according to Soltec.

Currently, Soltec has two other business divisions, including the industrial division and the project development division.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

June 9, 2025
Sonnedix has signed a power purchase agreement (PPA) with Renfe to supply 420GWh of renewable energy annually for its commercial operations.
June 6, 2025
Eternal Sun has acquired German solar simulator provider Wavelabs, which has resulted in the formation of a new subsidy, Wavelabs Eternal Sun.
June 5, 2025
Investment in clean energy and grids will reach US$2.2 trillion in 2025, double the expected investment into fossil fuels this year, according to data from the International Energy Agency (IEA).
June 4, 2025
Independent power producer (IPP) Enlight Renewable Energy is expanding its Gecama Wind Project in Castilla La Mancha, Spain, by integrating solar PV and battery energy storage systems.
June 4, 2025
Tariffs on US imports will increase the cost of US solar PV and energy storage technologies and slow the rate of project development, according to analysis from Wood Mackenzie.
June 3, 2025
A joint venture featuring global oil major bp will begin construction on a 240MW solar PV project in Azerbaijan.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece