Soltec signs agreement with Endesa to install a solar tracker factory in Teruel


• The photo voltaic tracker manufacturing heart, which might be based mostly within the warehouses and services of the previous thermal energy plant, will outcome within the creation of about 40 everlasting jobs. • Raúl Morales: “We’re proud that Endesa selected us as their industrial companion for this initiative, as a result of it’ll additionally permit us to supply photo voltaic tracker suppliers to the Andorra venture”

Murcia, November 28, 2022.- Soltec has signed a strategic settlement with Enel Inexperienced Energy España, title of the renewable vitality subsidiary of Endesa, for the creation of a photo voltaic tracker manufacturing heart within the area of Aragon. The middle, which might be based mostly on the warehouses and services of the previous thermal energy plant, will outcome within the creation of about 40 everlasting jobs in Teruel, thus favoring financial improvement and employment within the space.

“We’re proud that Endesa selected us as their industrial companion for this initiative, as a result of it’ll permit us to produce photo voltaic tracker suppliers to the venture in Andorra”, stated Morales, who added that “throughout the present macroeconomic and geopolitical context, it’s extra mandatory than ever to seek out manufacturing facilities throughout the European Union. The event of our manufacturing heart close to the venture websites is a choice that’s consistent with our round financial system technique and socio-economic excellence”.

Soltec has 18 years of expertise and a track-record of greater than 14 GW within the provide of photo voltaic trackers worldwide. In line with Fernando Sánchez, Soltec’s Strategic Accounts VP, “this places us in a great place to develop this new manufacturing heart in addition to our personal initiatives. This settlement is the results of a few years of working with of Endesa, considered one of our key companions since we began working collectively in 2014. At the moment, that collaboration has reached eight international locations and is value 4 GW of initiatives”. Extra particularly, for the Mudéjar de Andorra venture (Teruel), the 2 corporations have been working collectively for the previous two years.

Endesa’s full plan features a social program for the creation of 6,500 jobs through the implementation section, and 370 direct jobs for the operation section, as confirmed by the corporate’s representatives. “Our companion and we’re totally dedicated to the event of native communities. Due to this fact, we’re very completely happy to take part on this massive sustainable energy era venture, which is not going to solely favor the expansion of the area, however will even be the most important venture of its sort in Europe and one of many largest worldwide”, stated the CEO of Soltec.

About Soltec
Soltec Energy Holdings (ticker: ‘SOL’) is an organization strongly dedicated to innovation and sustainability specializing in vertically built-in options for the photovoltaic photo voltaic vitality business. This firm, based mostly in Murcia (Spain), was based in 2004 and at the moment operates in 16 international locations, with a powerful presence in Spain, North America and Latin America. The corporate has been listed on the Inventory Trade of Spain since 2020.
Soltec’s exercise is organized round three fundamental enterprise areas: i) the photovoltaic venture improvement division, identified for its robust environmental, social and good governance dedication; ii) Soltec, industrial division and third producer of photo voltaic trackers worldwide, offering shoppers with extra building providers to make sure a complete and built-in worth proposition. iii) Soltec Asset Administration, a 3rd enterprise division that permits Soltec to handle portfolio belongings with the intention of maximizing mid- and long-term returns.



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