IPO application with the SEC” width=”645″ height=”430″/>
According to a group specialized in the development of solar energy projects, in fact, the objective of the IPO is to provide liquidity to the Chinese subsidiary to accelerate its development plans in the Asian giant.
Maspv China is valued at $250 million (around €233 million) and plans to invest $500 million (€466 million) in China over the next five years to reach 1,000 megawatts (MW) of self-consumption.
“Two years ago we decided to list on the Nasdaq stock market, a courageous and risky decision, but one which we are convinced will bear fruit for the group, not only in China but in other markets”, underlined Ángel Luis Serrano. president of the Maspv Group.
“China is the largest market in the world for the development of solar energy projects and Maspv wants to have a relevant presence,” he added.
This IPO process in the United States is led by Serrano himself, together with the board of directors of the Spanish company, plus, on the Asian side, Yan Le, CEO of Maspv China, and Tetsuro Uragami, owner of the Japanese company Solar 1 Stop, which purchased 5% of Maspv in May this year.
KPMG is acting as legal advisor to the Spanish energy company’s board of directors, although Maspv has also received advice from American firm Hunter Taubman Fischer & Li’s, which specializes in IPOs, and American investment bank EF Hutton.
Maspv is a global player in the photovoltaic sector, specializing in the management, development and operation of solar energy projects for self-consumption and large energy parks. The company has installed more than 500 MW, with projects in Spain, China, Japan, Panama, Mexico, Chile, Costa Rica, Dominican Republic and Colombia.
The company is currently focused on China, which has become the world’s largest market for solar energy projects and the one that will grow the most in the coming years, with the country expected to reach 1,300 gigawatts (GW) in 2050.
Maspv has been present in China for more than a decade. In this market it operates as an IPP (Independent energy producer).
Interview between Time.news Editor and Ángel Luis Serrano, President of Maspv Group
Editor: Welcome, Ángel Luis Serrano, and thank you for joining us today. Exciting news coming from Maspv with your recent IPO application to the SEC and plans to list on Nasdaq. Can you share what motivated this strategic move for your company?
Serrano: Thank you for having me. The decision to list on Nasdaq was indeed a bold step for us two years ago. We recognized the potential of the American markets and the need for innovative financing to accelerate our growth. By going public, we aim to provide liquidity for our operations in China and enhance our development plans in this significant market for solar energy.
Editor: Speaking of China, you’ve mentioned that it is the largest market for solar energy. What specific opportunities does this market present for Maspv, and how do you plan to capitalize on them?
Serrano: China’s solar energy market is unparalleled in terms of scale and growth potential. With a valuation of $250 million for Maspv China and our ambitious plan to invest $500 million over the next five years, we aim to develop up to 1,000 megawatts of self-consumption capacity. This not only supports our presence in China but also demonstrates our commitment to contributing to the country’s sustainability goals.
Editor: That’s impressive. Can you elaborate on the operational aspect? How will these investments translate into actual projects on the ground?
Serrano: Certainly. Our strategy includes a mix of strategic partnerships and direct investments. We will be focusing on developing solar farms and integrating renewable energy solutions into various sectors. By mobilizing this investment efficiently, we plan to expedite project approvals, construction, and commissioning.
Editor: You’ve mentioned that you’re looking to raise funds through an initial public offering by listing around 10%-20% of the share capital of Maspv China. What would you say to potential investors about investing in your IPO?
Serrano: Investing in Maspv represents an opportunity to be part of the global transition toward renewable energy. Our track record, backed by a strong management team and our innovative approach, positions us well for sustainable growth. We believe the demand for solar solutions will only increase, and we’re excited to lead in that space.
Editor: As the president of a rapidly growing solar company, what risks do you see in the current market, especially with global economic uncertainties?
Serrano: The energy sector always presents its challenges. Regulatory changes, competition, and supply chain disruptions can be concerning. However, we see these as manageable risks. Our robust planning and diversified project portfolio help mitigate these uncertainties, and our commitment to innovation allows us to adapt quickly.
Editor: That sounds reassuring. Before we conclude, can you share your vision for Maspv over the next decade and how you see the solar industry evolving?
Serrano: My vision for Maspv over the next decade is to be at the forefront of the renewable energy revolution. We aspire to not only lead in solar energy projects but also pioneer technological advancements that make solar more accessible. The industry is evolving rapidly; we expect to see significant innovations in efficiency and storage, which can further democratize energy access worldwide.
Editor: Thank you, Ángel. Your insights are invaluable, and we wish Maspv great success in its endeavors!
Serrano: Thank you for your time. We appreciate the platform to share our journey and vision!