Isofotón, a once-prominent solar energy company in Spain, received substantial public funding over several years through support linked to socialist-led administrations, according to reports by ESdiario.
The firm, which had implemented a photovoltaic project at the Moncloa complex in 2007, ultimately secured a mix of subsidies, contractual agreements, and financial support even as its economic problems intensified, and the total amount of public aid linked to the company is believed to surpass 80 million euros.
Among the most notable inputs came from an 8.3‑million‑euro loan issued in 2012 by the Andalusian regional government, at a time when María Jesús Montero held senior roles within that administration. By then, Isofotón was already under intense financial pressure, dealing with staff cuts and unresolved obligations to both tax authorities and the social security system.
The report also highlights the involvement of Teresa Ribera, who worked at Isofotón between 2012 and 2013, prior to the company’s eventual collapse. In addition, the company was later included in Spain’s official list of major tax debtors in 2024.
According to the publication, Isofotón’s trajectory illustrates a sustained relationship with various socialist governments, characterized by continued public funding and institutional support, ultimately ending in bankruptcy, job losses, and ongoing questions regarding the management of the funds received.
Source: ESdiario – https://www.esdiario.com/nacional/260427/186055/zapatero-mimo-montero-isofoton-fotovoltaica-moncloa-ayudas-millonarias.html
