☀️Analysis of #Solaria – European leader in renewable energy trading at 5-year lows🇪🇸

• After increasing its installed capacity x20 in 5 years, they have gone 5 Qs without adding capacity (1658 MW, which they aim to double in 2025, with subsequent expansion into the 🇬🇧,🇩🇪and 🇮🇹and a significant pivot to Wind Energy in 2026-2028)

• €200MM EBITDA with a market cap of €1Bn and net debt of €1Bn (high proportion of project finance)

• Significant exposure to spot prices to capitalize on high electricity prices and new infrastructure and Data Center divisions to pioneer in the sector

• Detailed breakdown of all assets, explanation of their business lines, debt and project finance details, analysis of their economics, and main risks.

💎Valuation of the pipeline and the company separately, applying our proprietary assessment of their business plan execution.

🎯Full analysis & downloadable spreadsheet in bio