Soltec, a Spain-based manufacturer of solar tracking systems, has submitted a restructuring plan to Murcia Commercial Court No. 2. The plan is aimed at reducing Soltec’s total debt from approximately €385 million (~$442.75 million) to €255 million (~$293.25 million). As per Soltec, DVC Partners will provide a €30 million (~$34.5 million) loan that will be acquiring 80% ownership through a capital reduction and simultaneous capital increase. Soltec has secured €15 million (~$17.25 million) in liquidity required to implement its operational and financial restructuring plan. Soltec has also received creditor approval for a €12 million (~$13.8 million) guarantee line to support ongoing commitments. Soltec has confirmed it will divest non-strategic segments such as EPC, asset management, and project and company stakes. Soltec has stated it will focus on its solar tracker segment, which delivered 3.7 GW and earned €300 million (~$345 million) in 2024. Recently, Soltec signed a 41 MW tracker supply contract with Polimix Energia for a solar project in Brazil.