Solutions30 Expands Solar Footprint with SO-TEC Stake Increase
Solutions30 Strengthens Its Position in Renewable Energy
Solutions30, a leader in multi-technical field services across various sectors, has announced a significant increase in its shareholding in SO-TEC, a French company focused on photovoltaic power plant infrastructure. Initially holding a 10% stake, Solutions30 has now grown its investment to 60% of SO-TEC's capital, with plans to acquire complete ownership in the near future.
A Strategic Move in the Energy Market
This strategic acquisition is crucial for Solutions30, as it looks to solidify its position within the energy services sector, particularly amid rising demand for renewable energy solutions. The company has ambitious goals, aiming to triple its energy-related revenue in France by the year 2026.
SO-TEC's Expertise and Market Impact
SO-TEC, based near Montpellier, employs around 100 staff members and generates over €20 million in annual revenue. Starting in the second quarter of 2025, this revenue will be fully integrated into Solutions30’s overall financials. SO-TEC specializes in developing and installing infrastructure for both rooftop and ground-mounted solar power facilities, along with solar canopies, enhancing the diversified skills Solutions30 brings to the table.
Synergistic Growth Through Increased Investment
The deeper investment into SO-TEC illustrates Solutions30’s commitment to harnessing synergies between the two firms. Over the last year, they have successfully contracted and partially completed projects amounting to several dozen MWp in solar capacity, translating into millions of euros in revenue. Solutions30 is now one of the rare French EPC providers capable of managing the entire solar power plant value chain independently.
The Future of SO-TEC Under Solutions30
Despite this significant stake increase, SO-TEC will continue to operate under its name. It will benefit from Solutions30’s extensive industrial, commercial, and organizational frameworks to accelerate its growth and respond effectively to the surging market demand. The partnership is poised to enhance SO-TEC's operational capabilities and market reach.
Voices from Leadership
Amaury BOILOT, Secretary General of Solutions30, emphasizes that this move aligns with their strategic growth plan, highlighting that partnerships are vital for supporting significant projects, especially in the renewable energy sector. The installation of large-scale solar plants and innovative photovoltaic canopies is seen as crucial for energy diversification, particularly as the French renewable energy laws evolve.
Martial MESNIER, the founder of SO-TEC, remarked on the partnership's transformative potential. He believes that the close collaboration will facilitate significant advancements in the company’s structure and development strategies, positioning SO-TEC for expanded success.
About Solutions30 SE and SO-TEC
Solutions30 aims to democratize technology and make groundbreaking advancements accessible to everyone, empowering both individuals and businesses alike, particularly in digital transformation and energy transition areas. With an impressive workforce of over 16,000 technicians, the company has accomplished more than 65 million interventions since its founding, alongside overseeing over 500 renewable energy initiatives with a combined output exceeding 1800 MWp. Operating in 10 countries including France, Solutions30 has secured its place as a leader in the European market.
SO-TEC specializes in creating structure designs for solar energy installations. With a team of skilled professionals, it plays a key role in supporting energy transition efforts across the country.
Contact Information
Individual Shareholders:
actionnaires@solutions30.com - Tel: +33 1 86 86 00 63
Analysts/Investors:
investor.relations@solutions30.com
Press Contact:
Charlotte Le Barbier - Tel: +33 6 78 37 27 60 - clebarbier@image7.fr
Frequently Asked Questions
What is the significance of Solutions30 acquiring SO-TEC?
This acquisition strengthens Solutions30's position in renewable energy, supporting its goal of increasing its energy services revenue significantly over the next few years.
How will the merger benefit SO-TEC?
SO-TEC will retain its identity while benefiting from Solutions30's broader resources and market reach, positioning it for future growth.
What role does SO-TEC play in the renewable energy sector?
SO-TEC is specialized in designing and constructing photovoltaic power plant infrastructure, crucial for the energy transition.
How does Solutions30 view partnerships?
Solutions30 sees partnerships as essential for expanding capabilities and supporting complex, large-scale projects in the energy sector.
What is Solutions30's broader vision?
Solutions30 aims to make technological advancements accessible and to tackle the challenges of digital transformation and energy transition in Europe.
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