Soltec Power Holdings
Soltec Power Holdings, a leading player in the renewable energy sector, is headquartered in Spain (ES) and operates extensively across Europe and Latin America. Founded in 2004, the company has established itself as a pioneer in solar tracking technology, specialising in the design, manufacturing, and installation of solar trackers for photovoltaic plants. With a commitment to innovation, Soltec's flagship product, the Soltec SF7, stands out for its advanced single-axis tracking system, optimising energy production while minimising land use. The company has achieved significant milestones, including a robust market presence and numerous successful projects, solidifying its position as a trusted partner in the transition to sustainable energy. Soltec Power Holdings continues to drive advancements in solar technology, contributing to a greener future.
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 from Other Sources 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 41 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Soltec Power Holdings's reported carbon emissions
In 2024, Soltec Power Holdings reported total carbon emissions of approximately 38,380,000 kg CO2e for Scope 1, 80,000 kg CO2e for Scope 2, and a significant 71,994,000 kg CO2e for Scope 3 emissions. This brings their total Scope 1 and 2 emissions to about 39,180,000 kg CO2e. In comparison, the 2023 emissions data showed higher figures, with Scope 1 emissions at approximately 5,809,000 kg CO2e, Scope 2 at 80,000 kg CO2e, and Scope 3 emissions reaching around 532,906,000 kg CO2e, resulting in a total of about 5,889,000 kg CO2e for Scope 1 and 2 combined. Soltec has set ambitious climate commitments, aiming for a 42% absolute reduction in Scope 1 and 2 emissions by 2030, based on their 2023 carbon footprint data. This target aligns with the Science Based Targets initiative (SBTi) criteria to limit global warming to below 1.5ºC. Furthermore, the company is committed to progressively reducing its direct greenhouse gas emissions, with a long-term goal of achieving emission neutrality by 2050 for both Scope 1 and Scope 2 emissions. The emissions data for Soltec Power Holdings is cascaded from its parent company, Soltec Power Holdings, S.A., reflecting the company's commitment to transparency and accountability in its climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,107,000 | - | - | - | 0,000,000 | 0,000,000 |
| Scope 2 | 29,000 | - | - | - | 00,000 | 00,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
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 participating in any of the initiatives that 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.
