Soltech Energy completed the acquisition of a 65% stake in Sud Energies Renovables for $18m.

Soltech Energy, a comprehensive supplier that develops, sells and installs solar energy solutions for both companies and private individuals, completed the acquisition of a 65% stake in Sud Energies Renovables, a provider of engineering services focusing on renewable energies, for $18m. "Now our international expansion continues by entering the Spanish solar energy market, which feels great. Sud Renovables is a well-run and market-leading solar energy company with good profitability and solid experience of large-scale and innovative solar energy solutions. This is the starting point for establishing the Soltech model in a new market that also has Europe's best conditions for solar energy, and we would like to warmly welcome Sud Renovables to the Group," Stefan Ölander, Soltech Energy CEO.