Nov. 19, 2021


Raúl Morales

Spain

Raúl Morales

Co-founder & CEO, Soltec Trackers

Soltec has become one of the leading companies in the field of PV solar energy and a relevant player in the energy transition, with a presence on five continents.

BIO

Raúl Morales is Co-founder & CEO of Soltec Energías Renovables. He has led Soltec for 16 years at the highest level as a manufacturer and supplier of single axis solar trackers equipment. Morales combines his passion for renewable energy with a strong commitment to boost operational productivity by drawing inspiration from a culture of innovation and attracting talent.


Soltec, founded over 16 years ago, has become the world's third solar tracker producer and the leader in many markets. How would you describe the evolution of the company and its key achievements?

Soltec was founded in 2004 as a small company developing PV projects and performing work as an EPC firm. At that time, Soltec was involved in solar energy projects mainly in the region of Murcia. Our company was founded under a strong commitment to innovation and technology, some values that, today, are the ones that best define us. Over the years, and always trying to identify the needs demanded by our market and our clients, we began to develop different types of solar trackers, our main product. In 2007, we launched our first double-axis solar tracker, and in 2012, we presented the first tracker for large-scale projects to the market. In 2013, and given the legal barriers in Spain for the development of PV solar energy projects in that period, we started our international expansion, a complex challenge but one that has given us the necessary strength and experience to make Soltec the company we are today. In 2016, Soltec developed several large and relevant projects in Brazil, Peru, and Mexico, positioning us as a major player on this continent, where today, especially in Brazil, we are the leaders. In 2017, we continued to expand in Australia and India, while pursuing projects in Europe and Latin America. It was in 2019 when we consolidated our great position as specialists in bifacial technology and created Soltec Innovations, a division of our company dedicated exclusively to research on innovation and technology. In this last stage, Soltec Power Holdings was born, the business group that is currently listed on the Spanish Stock Exchange and which is a fully integrated renewable energy firm that operates in the different stages of a PV project. Today, after more than 16 years of history, Soltec employs more than 1,300 professionals all over the world, making us a great moment of full growth and continuous development in the most relevant markets for our sector.

Soltec became the first company to float on the Spanish stock exchange in the last two years. What does this great milestone mean for Soltec?

It has been a great success for the company, and we are extremely pleased to have reached this milestone. We made this decision because we needed financing to be able to continue growing and to carry out our business plan. An IPO was the best way to achieve this, and we worked hard for it. The pandemic delayed our initial plans but even so, our business model convinced our investors, and we were able to achieve this milestone even during a difficult time. The global consensus on the relevance of this sector for the development and growth of economies has also provided a boost to the achievement of this transaction. From now on, we will continue to work with all our efforts to continue positioning ourselves as one of the leading companies in the field of PV solar energy and as a relevant player in the energy transition.

Soltec reduced emissions by 39.31% in 2017-2019 compared to the previous three-year period, granting it the Reduzco seal from the Ministry of Ecological Transition. What initiatives did you take into action?

It is an honor to receive the REDUZCO seal, a recognition of Soltec's commitment in the fight against climate change that inspires us to continue working day by day to raise the company's quality standards and to reach the goal of zero-carbon emissions through the use of renewable energies. We have reduced by 39.31% the average emission intensity of the activities carried out at our facilities in Molina de Segura, Murcia, in 2017-2019 compared to the three-year period 2016-2018.

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