– The European credit rating agency makes an “excellent assessment of the company’s business profile”, driven by a positive sector rating, competitive advantages and the scope of the group’s management.
April 8, 2025
The European credit rating agency, EthiFinance Ratings, has maintained Solaria’s rating at “BBB+”.
The report made public by the agency has highlighted that “the rating continues to be favored by an excellent business profile, which is reinforced both by a positive rating of the utility sector to which it belongs (high yields, controlled volatility, high entry barriers and favorable growth prospects), as well as by the competitive advantages and the scope of the group’s management”. This demonstrates the financial strength of the company, a benchmark in the development and generation of photovoltaic solar energy, which has an operating and construction capacity of 3.1 GW.
“Debt management remains key” states the report, as the company continues to invest significantly. “The use of Project Finance, which reached 79% of total debt in 2024, favors the financial structure as it is an instrument that provides long-term maturities and ‘non-recourse’ for the partner.” In addition, “Equity continued to improve with the support of the results for the year,” said the credit agency
EthiFinance Ratings also states that “the stability associated with highly profitable results and a very favorable outlook for demand in the sector are elements that drive the rating”. In addition, the existence of significant barriers to entry into the sector (capital and experience needs) at this point in its maturity is also valued.
“Maintaining this rating is the result of a job well done. EthiFinance Ratings remains confident in Solaria’s strategy and growth in the coming years due to our geographic and technological diversification,” said Darío López, CEO of Solaria.
