María Jesús Montero and Teresa Ribera: Behind the Scandalous Irregular Subsidies to Isofotón

Isofotón, once a leading solar energy firm in Spain, was reportedly granted significant public subsidies over several years through support associated with socialist-led administrations, according to ESdiario.

The firm, which installed a photovoltaic project at the Moncloa complex in 2007, benefited from a combination of subsidies, contracts, and financial backing despite mounting economic difficulties. The total volume of public aid associated with the company is estimated to exceed 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 further underscores the role of Teresa Ribera, who was employed at Isofotón from 2012 to 2013 before the company ultimately went under, and it also notes that the firm was later added to Spain’s official roster 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.

Reference: ESdiario – https://www.esdiario.com/nacional/260427/186055/zapatero-mimo-montero-isofoton-fotovoltaica-moncloa-ayudas-millonarias.html