The proceeds should allow Solaria to make better-than-expected progress in the execution of its
photovoltaic projects in Spain and to continue broadening its portfolio of projects under development.
Solaria has successfully completed a €96.8mn accelerated bookbuild . The operation
consists of the issuance of €89mn in new shares with exclusion of preemptive rights and
the sale of €7.8mn in treasury stock.
The bookbuild broadens Solaria’s shareholder base with the inclusion of new international
qualified investors, who may be broken down as follows: 43% from the UK, 37% from
USA, 15% from Spain and 5% from France.
The proceeds from the operation should allow the company to make better-than-expected
progress in its development and execution of projects projected in a plan presented on 14
June that targets the construction of 200MW in 2018, 450MW in 2019 and 650MW in
2020. In addition, the operation should allow further growth of the company’s portfolio of
projects under development, which, at this time, consist of over 1,300MW in Spain and
1,000MW abroad.
Furthermore, the operation (which is the first equity raising transaction in the Spanish
renewable sector since 2007) consolidates Solaria’s position as a leading reference in the
photovoltaics sector. This technology is considered to be the most efficient insofar as
costs, flexibility and availability of sunlight, which implies extraordinary potential for
development in countries such as Spain and Portugal.
