After 16 years in the sector, they have become the third largest company globally, supplying 9.2% of the world’s solar trackers. Their presence is especially strong in the Americas, where 72% of the devices they have sold since their beginnings are installed. This is followed by Europe, with 25%, the Middle East, Africa and, lastly, Asia-Pacific. This powerful expansion has led them to become a benchmark in the sector with more than 35 international patents.
Soltec has currently two lines of business: Soltec Er, focused on production, distribution and installation of the trackers, and Powertis, focused on the development of photovoltaic projects. The business model of the Murcia-based company aroused a lot of interest among investors. So much so that its IPO, initially scheduled for Thursday, October 29, was brought forward one day. Another factor that also positively influenced the appeal of the operation is the inactivity of the market itself, as two years have passed since the last IPO – curiously also led by a solar energy company, Solarpack.