Solutions30 Expands Photovoltaic Operations with So-Tec Investment

On May 16, 2024, Solutions30 announced its acquisition of a 10% stake in So-Tec, marking a strategic expansion to enhance its service offerings in the renewable energy sector. So-Tec, noted for its specialty in constructing photovoltaic power plants, is based near Montpellier, France, and boasts nearly 100 employees with annual sales exceeding 20 million euros. The partnership is set to evolve, with Solutions30 planning to secure a majority stake and full ownership within the next five years.

The collaboration between Solutions30 and So-Tec is expected to yield a comprehensive 'Made in France' service for the French market, integrating structural and electrical work packages for photovoltaic projects from design to construction. This alliance will shorten design times, optimize purchasing, and enhance control over the construction processes. By 2024, Solutions30 aims to double its photovoltaic sector sales to 40 million euros, despite So-Tec's contributions reflecting in the group’s sales only from 2025.

Amaury Boilot, CEO of Solutions30 France, emphasized the synergy between the two companies' expertise, poised to address significant upcoming projects with major French energy firms. The partnership aligns with Solutions30's ambition to dominate the rapidly growing photovoltaic market in France.