Soto Solar

About Soto Solar

Soto Solar, operating under the brand Ekhi, is a Spanish company established in 2019 by Iñigo Segura and Jon Macías. The venture originated from the founders' extensive experience in the energy sector, with Segura having held management positions at notable energy companies and Macías bringing a background as a serial entrepreneur and founder of the renewable energy marketplace, hazteunop. Ekhi focuses on providing comprehensive self-consumption solar energy solutions tailored for the industrial sector.

The company's core business revolves around facilitating the transition to solar energy for industrial clients without requiring them to make an initial investment. Ekhi manages the entire process, which includes a preliminary technical study, the engineering and design of the photovoltaic installation, securing all necessary permits, and overseeing the construction and commissioning of the solar plant. Following installation, Ekhi remains responsible for the operation and maintenance of the facility, ensuring its optimal performance throughout its lifespan.

Ekhi's business model is structured around a long-term Power Purchase Agreement (PPA), typically lasting between 15 and 20 years. Through this model, industrial clients purchase the solar energy produced on their rooftops at a predetermined, stable price that is significantly lower than conventional grid electricity rates. This arrangement provides clients with immediate savings on their energy bills and protects them from the volatility of the wholesale electricity market. At the conclusion of the PPA contract, the client gains full ownership of the solar installation.

The company has secured significant financial backing to support its growth. In 2022, Soto Solar received a €40 million financing package from the international fund Fiera Infrastructure, which was subsequently increased to €80 million in 2024 to accelerate the development of new projects. Ekhi serves a diverse range of industrial clients across Spain and Portugal, with projects for companies such as Onnera Contract, Uvesco, and MRA.