Latest news with #Solaria
Business Wire
a day ago
- Business
- Business Wire
Stonepeak Acquires Interest in Solaria's Generia Land
NEW YORK & MADRID--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Solaria Energía y Medio Ambiente ('Solaria')(BME: SLR), one of Spain's leading renewable independent power producers, today announced that Stonepeak has completed the acquisition of an interest in Solaria's land platform dedicated to renewables, Generia Land, S.L. ('Generia' or 'the Company'). Together, Stonepeak and Solaria will have joint ownership and governance of Generia. Established in 2022, Generia is dedicated to sourcing, acquiring, and leasing land in Europe to renewable energy projects, including solar, wind, and battery storage. The Company has a multi-tenant strategy, sourcing and acquiring land for projects being developed by both Solaria and third-party developers. Generia currently has thousands of hectares of land, primarily in Spain and Italy, and will acquire additional land with Stonepeak's investment. This land will support more than 4 GW of supported renewable energy projects. Stonepeak intends to continue to invest behind Generia's strong near-term pipeline of growth opportunities, which is supported by Solaria's broader goals of developing 18GW of capacity for multiple technologies by 2030. Anthony Borreca, Senior Managing Director and Co-Head of Energy at Stonepeak, said, 'The European energy market is in the midst of an incredible transformation, with renewable generation capacity expected to more than double between 2020 and 2030, and securing land is undoubtedly an essential role in this transition. We view land aggregation as an attractive and downside-protected segment of the value chain, given its propensity for long-term, inflation-linked revenues, with limited power price exposure.' He continued, 'Generia's robust pipeline, coupled with Solaria's established presence in Europe, make it a perfect fit for our newly established independent land aggregation platform, which will look to construct a diversified portfolio of grid-connected sites for critical renewable energy infrastructure across Europe. We look forward to scaling Generia and playing a meaningful role in the development of European renewables over the coming decades.' Arturo Díaz-Tejeiro Larrañaga, Chief Executive Officer of Solaria, added, 'It is a great honor to partner with a top-tier investor like Stonepeak to build one of Europe's leading renewable land platforms. The region offers significant growth potential for these types of investments, supported by strong governmental support for renewable energy and the energy transition. We are confident that Generia will play a key role in securing the land needed to meet the ambitious renewables targets set across Europe.' Terms of the transaction were not disclosed, and the transaction has already closed. Simpson Thacher & Bartlett LLP and Watson, Farley & Williams served as legal counsel to Stonepeak. White & Case LLP served as legal counsel and Alantra and Kutxabank Investment served as financial advisor to Solaria. About Stonepeak Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit About Solaria Solaria is a leading company in infrastructure, power generation and data centres in Europe. Since its foundation in 2002, it has specialized in renewable energies. Its business model has evolved from the manufacture of photovoltaic cells and panels to the development and management of generation plants. Solaria has a long history on the Spanish stock exchange, where it has been listed since 2007, culminating in 2020 with its entry into the selective Ibex 35. In 2021 Solaria joined the United Nations Global Compact as a Signatory Partner, given the company's firm commitment to sustainability, in line with the Sustainable Development Goals (SDGs) and the 2030 Agenda. In recent years, Solaria has made great efforts to integrate sustainability as a fundamental pillar of its growth strategy. Since 2019, the company has reduced its carbon footprint by 92% and, among other milestones, has set the goal of zero emissions by 2030, through initiatives aimed at energy efficiency. For more information, please visit
Tatler Asia
24-06-2025
- Science
- Tatler Asia
Les Cabinotiers Solaria Ultra Grand Complication: the mechanical symphony of the universe
Dialogue between man and celestial body The sun, the moon, the Earth, the twelve constellations, named and unnamed celestial bodies alike. There came a moment in history when people ceased to be mystified by the heavens. They began to understand its movements through reason, through mathematics, and eventually, through miniature mechanisms that could be held in the hand. They turned to their astrolabes and quietly gathered the universe onto their wrists. For Vacheron Constantin, renowned as the world's oldest watchmaker in continuous operation, the pursuit extends far beyond the measurement of time. It becomes a mesmerising exchange between human curiosity and celestial choreography. Above Les Cabinotiers Solaria Ultra Grand Complication, a creation where poetry meets mechanics For millennia, civilisations have relied on the interplay between the sun, moon and Earth to define the earliest systems of time—the lunar calendar, the solar calendar, the perpetual calendar. In Eastern folklore, Hou Yi is said to have shot down nine suns, leaving only one to illuminate the world. Chang'e, the moon goddess, drifts above after a celestial pursuit. Though told as myth, such tales laid the foundation for timekeeping traditions. Even now, with footprints on the moon, we continue to trace constellations shaped like lions, scorpions and urns. Swiss watchmakers, rather than aiming arrows at the sun, seek to capture its passage through a different medium—one built from balance wheels and oscillations. It is at this meeting point where poetry finds form in precision that the Les Cabinotiers Solaria Ultra Grand Complication was born. Solaria: astronomy written in gears Unveiled at Watches and Wonders Geneva 2025, the Les Cabinotiers Solaria Ultra Grand Complication is an achievement without precedent. With 41 integrated functions, including a suite of five astronomical complications appearing together for the first time (solar position, altitude, zenith, declination, and the timing of celestial rise), Solaria becomes not only the most technically complex wristwatch in the maison's history, but also a profound testament to the refinement of centuries of celestial study, now rendered in a compact 36 mm form. Above With 41 integrated functions—including a set of five astronomical complications appearing together for the first time—the Solaria is the most sophisticated wristwatch in the brand's history Above With 41 integrated functions, including a set of five astronomical complications appearing together for the first time, the Solaria is the most sophisticated wristwatch in the brand's history One particular highlight is the 'celestial rising time' function, an unprecedented invention that employs a split-second chronograph mechanism to measure, with remarkable precision, the moment a constellation or star appears at a specific observation point. Above For more than two centuries, Vacheron Constantin has pursued the art of astronomical watchmaking It seems almost implausible that such complexity resides within a watch no larger than some jewellery timepieces. And yet, the Solaria is entirely in keeping with a storied tradition. For over two centuries, Vacheron Constantin has pursued the art of astronomical watchmaking. In 1829, it received its first commission for a moonphase watch. By 1901, it had created a pocket watch combining a minute repeater, perpetual calendar and moonphase display. Then, in 1929, a pocket watch crafted for King Fouad I of Egypt was fitted with a split-seconds function and a Grande Sonnerie minute repeater, a high point of horological artistry. Above Before the revolution in watchmaking: a classic pocket watch The 21st century brought its own celestial milestones: the Tour de l'Île (2005), with 16 astronomical complications; the Celestia Astronomical Grand Complication 3600 (2017), featuring 23; the Planetaria (2021), showcasing 19; and most recently, The Berkley Grand Complication (2024), the world's first wristwatch capable of calculating a perpetual lunar calendar accurate to the year 2200. Each of these timepieces reflects a distinct interpretation of the cosmos where time transcends minutes and hours to become a sequence of movements, subtle and unending, like a quiet symphony played beneath the stars. Astronomical clocks from the perspective of the world's oldest maker 'Admittedly, astronomical complications are not of daily practical use,' Vacheron Constantin concedes. But, they add, practicality is not the only ambition. These creations are meant to inspire a connection to the sky above, and to the quiet wonder that still stirs within us when we look up. Timepieces like the Solaria do not mimic the clean-cut logic of modern smart devices. They unfold more like epic poetry, full of preludes, transitions and resonances. Here, time is not merely kept, but felt. Each mechanism reaches back into something primal: the awe of the infinite. Above Each mechanism reaches back into something primal: the awe of the infinite This sentiment emerges in an old letter, dated 24 February 1853, from Count Hyppolite Salino to the maison. In it, he wrote: '[…] I want to use this watch for astronomical purposes, and it must be a true timekeeper, made to the closest possible standard of perfection to that which is usual in your workshops.' In those lines lives a dream not simply to observe the stars through a telescope, but to carry their rhythm, second by second, on the wrist. Somewhere, in the still of night, the ticking continues, retelling the story of humanity's dialogue with the heavens. And among collectors, there remain those who genuinely long to touch the stars. In Vietnam, Vacheron Constantin is officially distributed by Tam Son International Company. NOW READ 'Green seal' on the dial: When watch brands join hands for the environment Watches and Wonders 2025: Vacheron Constantin bridges past and present with the new Traditionnelle watches Watching time pass on your wrist: the 'hobby' of Vietnamese watch collectors
Yahoo
04-06-2025
- Business
- Yahoo
Solaria Energia y Medio Ambiente SA (XMAD:SLR) Q1 2025 Earnings Call Highlights: Record Profit ...
Release Date: June 03, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Solaria Energia y Medio Ambiente SA (XMAD:SLR) reported a significant increase in net profits, exceeding 100% growth. The company is constructing over 1.4 gigawatts of solar capacity, with plans to add approximately 2 gigawatts more during the year. Solaria is expanding into battery storage and wind energy, with a portfolio of over 20 gigawatt-hours of battery capacity in Europe. The company is actively developing its data center business, with 1.2 gigawatts of consumption points for data centers in Iberia. Solaria has secured a new financing agreement with Sabadel Bank for 175 megawatts linked to data centers, indicating strong financial backing for its expansion plans. The company experienced an 8.4% decrease in electricity output, attributed to lower radiation levels rather than curtailments. There is uncertainty regarding the impact of potential blackouts in Spain on renewable energy deployment. Solaria's merchant revenue exposure is expected to decrease from 25% to 20% by the end of the year, which may impact revenue stability. The company is undertaking a share buyback program, which could strain financial resources if not managed carefully. There are concerns about the regulatory environment for battery installations, although recent changes have been favorable. Warning! GuruFocus has detected 6 Warning Signs with XMAD:SLR. Q: Can you provide more details regarding the terms of the share buyback plan and its timeline? A: There are no limitations on time or quantity until 10% of shares are acquired. The buyback will be conducted daily without a specific end date. (Jose Arturo Diaz-Tejeiro Larranaga, CEO) Q: How will the share buyback plan be funded, and will it affect future Spanish solar capacity additions? A: The buyback is funded through a specific credit line and is not linked to our Spanish solar capacity or operations. (Jose Arturo Diaz-Tejeiro Larranaga, CEO) Q: Is there any impact from the recent blackout in Spain on renewable energy deployment? A: There is no significant impact from the blackout on our renewable energy deployment. The renewable energy mix in May was strong, and we expect this trend to continue. (Jose Arturo Diaz-Tejeiro Larranaga, CEO) Q: Are you considering reaching 20% merchant revenue by the end of the year? A: Achieving 20% merchant revenue by year-end sounds reasonable. We are negotiating numerous PPAs, which could change our merchant exposure significantly. (Jose Arturo Diaz-Tejeiro Larranaga, CEO) Q: Can you elaborate on the EBITA guidance and the expected evolution of energy revenue? A: We aim to surprise with our EBITA guidance of 245-255 million euros. The first half results will be exceptional, and we may update our guidance for 2025, 2026, and 2027. (Jose Arturo Diaz-Tejeiro Larranaga, CEO) Q: What changes in battery regulation have prompted you to accelerate battery installations? A: Technical and regulatory changes have made it easier to install batteries. The current power price situation also supports battery installations, and we are participating in the Spanish government's subsidy program. (Jose Arturo Diaz-Tejeiro Larranaga, CEO) Q: When do you expect to start the share buyback, and how will it be financed alongside solar investments? A: The buyback will start tomorrow, funded by a specific credit line, separate from our operational investments. (Jose Arturo Diaz-Tejeiro Larranaga, CEO) Q: Can you provide details on the battery strategy, including potential partnerships and business models? A: We are exploring joint ventures with energy groups and funds interested in our battery operations. We are developing both standalone and self-consumption battery projects. (Jose Arturo Diaz-Tejeiro Larranaga, CEO) Q: What is your view on the fair value of Solaria's stock given current projects and market conditions? A: While I have a value in mind, I believe the current stock price does not reflect the company's true value. We are pursuing a share buyback as we see it as a valuable investment. (Jose Arturo Diaz-Tejeiro Larranaga, CEO) Q: What are the key assumptions for the 5-year payback period for battery investments? A: The payback period includes capacity payments and ancillary services but not significant subsidies. We are participating in the Spanish government's subsidy program, which could improve payback. (Jose Arturo Diaz-Tejeiro Larranaga, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Solaria secures $106m for 175MW Spanish renewable energy project
European renewable energy developer Solaria has signed an agreement in principle with Spanish financial services company Banco Sabadell for the long-term financing of its 175MW Oliva solar project in the province of Guadalajara, Spain. The financing, reaching up to €93.5m ($106.2m), is contingent upon successful due diligence and final approval from the bank's risk committee. The funds will bolster the development of the Oliva solar project, showcasing Solaria's dedication to sustainable digitalisation and energy transition. The project is closely associated with the construction of a data centre, designed to be self-sufficient in energy with a guaranteed 70MW capacity. Solaria CEO Darío López stated: 'We are very pleased to announce this agreement, which reflects Banco Sabadell's reiterated confidence in our company. This financial operation represents a firm step towards the fulfilment of our goals and, consequently, towards the promotion of the energy transition, an essential aspect for the progress of society'. The Oliva solar project, consisting of five photovoltaic plants, will provide 100% renewable energy, sufficient to power 84,000 households annually. The plants, named Oliva solar 1 (50MW), 2 (50MW), 3 (25MW), 4 (25MW) and 5 (25MW), will be located in the Usanos district of Guadalajara and connected to the Daganzo substation. Solaria obtained the necessary administrative construction authorisation for the project in May 2024. Oliva is the company's second solar project in Guadalajara, adding to the existing 626MW Cifuentes-Trillo project in the region. The project will create 700 jobs during its construction phase and will prioritise local employment. In January 2024, Solaria obtained administrative construction authorisation for its 595MW Garoña photovoltaic project in Spain. "Solaria secures $106m for 175MW Spanish renewable energy project" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
South China Morning Post
11-04-2025
- Business
- South China Morning Post
The key trends at Watches and Wonders 2025: form, fit and function rule, with new concepts from Rolex and Vacheron Constantin, cool wearability from A. Lange & Söhne and Panerai, and bold new colours
When more than 60 brands showcased new releases at Watches and Wonders this year , innovation and bold design leap to mind as the main stand-outs. Some brands focused on new mechanics under the bonnet, some chose to focus on increasing durability and function, while others concentrated on rethinking aesthetics in terms of colour use and watch size. Montblanc 1858 Geosphere 0 Oxygen Mount Vinson. Photo: Handout Vacheron Constantin veered heavily in one direction as it released Les Cabinotiers Solaria, breaking the record for most complications in a single wristwatch at 41. 'Usually for these grand complication [pieces],' Vacheron Constantin heritage and style director Christian Selmoni told us in a round-table chat, 'you'll see that there is engraving or gem setting to emphasise the complexity of the watch and the value of the timepiece. [To contrast with that] we wanted to do a very simple design […] because if you look at the dial, which is technical, we wanted to have this readability and the case is almost brutal. We wanted to anchor this timepiece in modernity, which is something I think unexpected but that people will appreciate, [especially] since we are already breaking with tradition.' Advertisement While Selmoni refers to the Solaria specifically, the desire to develop bold and exciting yet relevant and wearable pieces is a key undercurrent in all the disparate and wonderful ways brands approached their releases this year. New movements, new borders A view of the Calibre L122.2 in the A. Lange & Söhne Minute Repeater Perpetual. Photo: Handout Vacheron Constantin and Bulgari are certainly not the only names pushing boundaries in 2025, and nor was Rolex the only brand that debuted a stunning new movement . Grand Seiko made waves as it released Spring Drive UFA (meaning Ultra-Fine Accuracy) with the new 9RB2 calibre inside. It combines quartz oscillation with traditional mechanical powering to achieve an accuracy of plus/minus 20 seconds a year. A. Lange & Söhne introduced two new movements with wearability in mind. The Minute Repeater Perpetual contains the new L122.2 calibre and combines big date, perpetual calendar and minute repeater complications in a case thickness of just 12.1mm. Meanwhile, the brand released the smallest version of the 1815 yet with a 34mm case courtesy of the calibre L152.1 allowing for a smaller watch, which also has a whopping 72 hours of power reserve. Panerai Luminor Perpetual Calendar GMT Platinumtech. Photo: Handout Movements aren't the only spaces for upgrades – brands also focused on functionality. Panerai's Luminor Perpetual Calendar GMT Platinumtech allows you to set the perpetual calendar using the crown only, with no need to fiddle with separate pushers or correctors. Complicated yet functional
