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 25 is higher than 65% 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 significant carbon emissions, with a total of approximately 532,905,630 kg CO2e. This figure includes 5,808,960 kg CO2e from Scope 1 emissions and 80,480 kg CO2e from Scope 2 emissions. Notably, the company also disclosed Scope 3 emissions, which accounted for the majority of their carbon footprint. Over the previous years, Soltec has shown a trend of decreasing total emissions, with 1,620,000 kg CO2e in 2022, down from 1,825,000 kg CO2e in 2021, and 2,030,000 kg CO2e in 2020. The company’s Scope 1 emissions peaked at 6,382,000 kg CO2e in 2022, while Scope 2 emissions remained relatively low across the years. Despite these reductions, Soltec has not established specific reduction targets or climate pledges, indicating a potential area for improvement in their climate strategy. The absence of documented reduction initiatives suggests that while emissions have decreased, a structured approach to further reductions may be necessary to align with industry standards and expectations for climate action.
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| 2019 | 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 | - | 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.
