In the near term, we intend to devote our generated cash flows to continue growing our business and executing our business plan, including capital expenditures at various projects. We do not plan to distribute dividends during the next three years. After that period, we will reassess our dividend policy and the payment of future dividends based, among other things, on our financial performance and business prospects.

The following table sets forth the dividend per share distributed by the Company, Soltec ER and Powertis against net profit or distributable reserves for FY 2020, 2019, 2018 and 2017:

Dividends (in euro)

Year ended December 31, 2020

Year ended December 31, 2019

Year ended December 31, 2018

Year ended December 31, 2017

Dividend

Dividend per share

Dividend

Dividend per share

Dividend

Dividend per share

Dividend

Dividend per share

Soltec Power Holdings

Soltec Energías Renovables

3,370,380.21

4.09

Powertis