Solutions30 becomes majority shareholder of SO-TEC and strengthens its position in the photovoltaic market in France

Core Insights - Solutions30 has increased its stake in SO-TEC from 10% to 60% and plans to acquire 100% in the coming years, enhancing its position in the renewable energy sector [1][2][4] - The transaction is part of Solutions30's strategy to triple its energy-related revenue in France from 2023 to 2026, capitalizing on strong trends in the renewable energy market [2][4] - SO-TEC, employing nearly 100 people and generating over €20 million in annual revenue, specializes in designing and constructing photovoltaic power plants, which aligns with Solutions30's expertise [3][10] Company Strategy - The increased investment in SO-TEC reflects Solutions30's commitment to supporting the growing demand for comprehensive project management in the renewable energy sector, from design to maintenance [4][6] - Solutions30 aims to leverage synergies with SO-TEC to enhance its capabilities in managing large-scale solar projects and photovoltaic canopies, particularly in light of the French renewable energy law [6][7] Market Position - Solutions30 positions itself as one of the few French EPC providers capable of covering the entire solar power plant value chain with its own resources, having contracted several dozen MWp in the past year [4][6] - The partnership with SO-TEC is expected to accelerate development and meet increasing market demand while allowing SO-TEC to maintain its identity and operational independence [5][10]