Soto Solar is a Madrid-based developer and investor in subsidy-free, large-scale ground-mounted solar PV projects. The company was founded by Dutch firms Stecc and Hartenlust Group and began operations in late 2018. It has built a pipeline of solar PV projects in excess of 500 megawatts through local partnerships and is exploring adjacent opportunities in energy storage. Soto Solar plans to use new capital to expand its team and pursue an ambition to reach a total installed solar PV capacity of 2 gigawatts over the next five years. The company emphasizes developing high-quality, large-scale renewable generation capacity to capitalize on Spain’s attractive subsidy-free opportunities. Recent financing strengthened its balance sheet by bringing in long-term private capital to support deployment and growth.

Total raised

$110M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2019