Soltec Power Holdings Sustainability Profile
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 64% 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 the total emissions from Scope 1 and 2 to about 39,180,000 kg CO2e. In comparison, the 2023 emissions were higher, with Scope 1 at 5,809,000 kg CO2e, Scope 2 at 80,000 kg CO2e, and Scope 3 at 532,906,000 kg CO2e, resulting in a total of approximately 5,889,000 kg CO2e for Scope 1 and 2. Soltec has set ambitious climate commitments, aiming for a 42% absolute reduction in emissions for both Scope 1 and 2 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. The company is also committed to becoming emission-neutral in the long term, with a target year set for 2050. 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 |
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Soltec Power Holdings's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Soltec Power Holdings has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
