Solarcentury was the UK's largest solar company.[1] Solarcentury was founded in 1998 by former oil geologist Jeremy Leggett, and had an annual turnover of £168 million in 2015–16.[1]
| Founded | 1998 |
|---|---|
| Headquarters | UK |
Key people | Jeremy Leggett (founder) |
| Revenue | £168 million |
| Website | https://www.statkraft.co.uk |
The company were in partnership with Panama-based private equity firm ECOSolar, and had acquired the 400MW Divisa Project in Panama.[2]
Solarcentury gave a 5% share of profits to SolarAid, a charity founded by Solarcentury in 2006, that supplies mini home-solar installations in Africa on a pay as you go basis.[3]
Solarcentury was integrated with Statkraft in November 2020[4]
History
editIn May 2017, the company announced that it was shifting its focus from the UK, where 85% of its business is, and pursuing £3 billion of projects in Latin America and Europe.[1]
In 2019 Solarcentury announced an eightfold increase in annual profits to £14.4 million, largely due to constructing and operating unsubsidised solar farms in southern Europe, Latin America and Africa.[3]
In November 2020, the Norwegian renewables company Statkraft announced it had acquired Solarcentury, taking full control of the company.[4]
References
edit- ^ a b c Adam Vaughan (1 January 1970). "UK's biggest solar company takes shine to global projects with deals worth £3bn | Business". The Guardian. Retrieved 29 May 2017.
- ^ Liam Stoker Editor, Solar Power Portal (11 April 2017). "Solarcentury bolsters Latin America business with 400MW pipeline purchase". Solar Power Portal. Retrieved 29 May 2017.
{{cite web}}:|author=has generic name (help) - ^ a b Ambrose, Jillian (25 July 2019). "UK solar power pioneer Solarcentury profit grows 860% in a year". The Guardian. Retrieved 25 July 2019.
- ^ a b Barbaglia, Pamela (2 November 2020). "Norwegian utility Statkraft makes $151 million swoop on Solarcentury". Reuters. Archived from the original on 2 November 2020. Retrieved 2 November 2020.
External links
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