Rising high over Spain鈥檚 Basque Country coast, the sun sparked an enlightening conversation among friends enjoying an afternoon lunch together in 2005. 鈥淗ow can we turn solar energy from a niche, experimental concept into a reliable power source to create a sustainable future for everyone?鈥� they questioned.
This discussion led to more significant development than anyone at that table imagined: one of Spain鈥檚 first pure solar photovoltaic, or PV, developers and independent power producers. Seventeen years later, that company 鈥� Solarpack Corporaci贸n Tecnol贸gica, S.A.U. (Solarpack) 鈥� has risen as a leading producer of renewable energy in Spain. And now, it鈥檚 undergoing a hypergrowth phase that includes rapid expansion in countries across Africa, Asia, Europe, Latin America, and North America.
鈥淪olarpack doesn鈥檛 just want to grow. We鈥檙e also committed to building awareness across new regions with different perspectives and understanding of renewable energy. This requires a technological foundation that provides the stability and flexibility to deliver offerings that are part of a global solution for net-zero carbon emissions by 2050,鈥� says Borja Guerrero Echarte, chief digital officer of SolarPack.
Transitioning the Startup Mindset to a Scaleup Mentality
Following its IPO in December 2021, the company came under the ownership of EQT AB, a prominent Swedish investment organization. The voluntary takeover has since raised the bar for environmental, social, and governance (ESG) standards while facilitating Solarpack鈥檚 journey toward operational excellence, market leadership, and sustainable growth.
Receiving the latest expertise, proven best practices, and innovative technological resources from EQT, Solarpack became empowered to flourish sustainably. In 2022, the company initiated an organizational review addressing significant growth challenges and developing a new strategy rooted in advancing the transition to clean, affordable energy and creating shared value with a positive impact.
鈥淒uring the IT capabilities assessment, we realized the company鈥檚 tendency to customize systems, use homegrown applications, and allow ad hoc implementations left its cybersecurity vulnerable and operations unable to adapt quickly,鈥� explains Echarte. 鈥淭he technologies we choose must not only keep up with Solarpack鈥檚 growth but also help the business become a global company.鈥�
Working with a combination of experts and solutions from 麻豆原创 empowered Echarte and his team to rethink Solarpack鈥檚 digital landscape. For example, locally developed technologies 鈥� including spreadsheets, databases, and other isolated applications 鈥� were replaced with a single, unified platform of standardized solutions and value-added customizations. This approach provided the stability the company needed to fast-track its expansion into new regions, such as Germany and the United States.
According to Echarte, this opportunity to stabilize the IT architecture and tailor applications in ways that give a significant advantage over competitors is accelerating Solarpack鈥檚 transition from a fast-growing scaleup to a multinational company. 鈥淥ur business systems can address each country鈥檚 unique taxonomy when capturing data, consolidating the information, and complying with various tax requirements 鈥� all at the same time,鈥� he states.
Echarte adds that this scaleup engagement enables his team to elevate the user experience. Solarpack鈥檚 workforce is better equipped with the right tools, streamlined processes, and easier access to business information. And this is leading to higher productivity, faster outcomes, and more meaningful contributions to business results.
Part of an Ambitious Plan for Our Planet
What began as an idea over lunch has grown into one of Spain鈥檚 leading producers of renewable energy. Now with a renewed focus on ESG standards and continuous technology advancement and innovation, Solarpack is on a hypergrowth trajectory that currently includes expanding its presence in the United States.
鈥淥ur transformation from a hypergrowth scaleup to a multinational energy provider facilitated a strategic shift in IT capabilities,鈥� concludes Echarte. 鈥淪tabilizing our operations and tailoring business systems to meet unique requirements has empowered us to accelerate the realization of an ambitious plan for our planet 鈥� a more sustainable, environmentally friendly future for everyone.鈥�
Learn how the聽 program聽can help prepare your company for exponential growth through Series B to the pre-IPO and post-IPO stages, or visit the scaleups team at and register for a one-on-one discussion.
Fran Querol is an account executive for 麻豆原创 Cloud ERP at 麻豆原创.