Soltec Power Holdings
Soltec Power Holdings, a leading player in the renewable energy sector, is headquartered in Murcia, Spain, with significant operations across Europe, Latin America, and the United States. Founded in 2004, the company has established itself as a pioneer in solar tracking technology, specialising in the design, manufacturing, and installation of solar photovoltaic (PV) systems. Soltec's innovative products, particularly its single-axis solar trackers, enhance energy efficiency and maximise solar power generation, setting them apart in a competitive market. With a commitment to sustainability and technological advancement, Soltec has achieved notable milestones, including substantial project deployments worldwide. As a key contributor to the global transition towards renewable energy, Soltec Power Holdings continues to solidify its position as a trusted partner in the solar industry.
DitchCarbon Score
How does Soltec Power Holdings's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Supply industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Soltec Power Holdings's score of 30 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Soltec Power Holdings's reported carbon emissions
In 2023, Soltec Power Holdings reported total carbon emissions of approximately 586,000 tonnes CO2e. This figure includes about 5,809,960 tonnes CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and around 80,480 tonnes CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions, which encompass all other indirect emissions, amounted to approximately 532,906 tonnes CO2e. Over the years, Soltec has demonstrated a commitment to reducing its carbon footprint. In 2022, the company achieved a total emission reduction to about 1,620,000 tonnes CO2e, down from approximately 2,136,000 tonnes CO2e in 2019. This reflects a significant decrease in emissions, particularly in Scope 1, which dropped from about 2,107,000 tonnes CO2e in 2019 to 6,382,000 tonnes CO2e in 2022. Despite these reductions, there are currently no publicly stated reduction targets or initiatives under frameworks such as the Science Based Targets Initiative (SBTi) or the Carbon Disclosure Project (CDP). Soltec's ongoing efforts to address climate change and reduce emissions are crucial in the context of the renewable energy sector, where companies are increasingly held accountable for their environmental impact.
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Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,107,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 29,000 | 00 | 00 | 00 | 00,000 |
| Scope 3 | 1,931,561,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Soltec Power Holdings is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
