Solarpack confirms its intention to publicize a PAHO | Businesses

The solar PV producer has confirmed its intention to make an offer to subscribe for its common shares to qualified investors in Spain and abroad. The company announced a capital increase of about 100 million euros. The Company intends to request the listing of its shares on the Spanish stock exchanges and its inclusion in the stock exchange interconnection system (continuous market).

Solarpack explains that the funds obtained will be invested mainly in the execution of the contract portfolio of projects totaling 510 MW, the acquisition of 13 MW of operating badets in Spain and the development of its additional portfolio of projects totaling 2.9 GW worldwide.

Headquarters at Getxo Solarpack began operations in 2005 and today enjoys broad international diversification, with a presence in Europe, North America, Latin America, Asia and Africa. The company employs 127 people in 10 countries and held stakes in the capital of 11 advanced solar photovoltaic projects located in Spain, Peru, Chile and India, with a total capacity of 39,000 people. approximately 252 MW (of which 128 MW).

"Solarpack has experienced very strong, diversified and profitable growth since its inception in 2005. In addition to its current operating badets, the Company has accumulated in recent years an attractive portfolio of projects contracted for a total of 510 MW will be built in the coming months in Spain, Chile and India ", explains Pablo Burgos, CEO of Solarpack, in the note sent to the CNMV . ] Beyond 2019, Solarpack intends to continue to increase the number of its operating badets
thus materializing its portfolio of additional projects. "The offering will be fundamental to the growth of the company's operating badets and will incorporate new shareholders with a fully primary capital increase," the company adds.