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 30 is higher than 73% 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 2023, Soltec Power Holdings reported total carbon emissions of approximately 538,000,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 5,809,960 kg CO2e, while Scope 2 emissions were around 80,480 kg CO2e. The majority of emissions stemmed from Scope 3, amounting to approximately 532,905,630 kg CO2e. Comparatively, in 2022, the company recorded total emissions of about 293,000,000 kg CO2e, with Scope 1 emissions at approximately 6,382,000 kg CO2e and Scope 2 emissions at a negligible 10 kg CO2e. The Scope 3 emissions for that year were around 286,729,000 kg CO2e. Soltec is committed to long-term climate action, aiming to achieve net-zero emissions by 2050. This commitment includes progressively reducing direct greenhouse gas emissions from its operations, specifically targeting both Scope 1 and Scope 2 emissions. The company is currently on track to meet its two-year reduction goals, although it faces challenges in achieving its five-year targets. Overall, Soltec Power Holdings is actively working towards reducing its carbon footprint and enhancing its sustainability practices in alignment with industry standards.
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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 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.
