Solarcentury

Solarcentury is 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]

Solarcentury
Founded1998
Headquarters
UK
Key people
Jeremy Leggett (founder)
Revenue£168 million
Websitehttp://www.solarcentury.com/uk/

The company is in partnership with Panama-based private equity firm ECOSolar, and have acquired the 400MW Divisa Project in Panama.[2]

Solarcentury gives 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]

History

In 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 eight fold 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
  1. 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.
  2. 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.
  3. Ambrose, Jillian (25 July 2019). "UK solar power pioneer Solarcentury profit grows 860% in a year". The Guardian. Retrieved 25 July 2019.
  4. Barbaglia, Pamela (2 November 2020). "Norwegian utility Statkraft makes $151 million swoop on Solarcentury". Reuters. Retrieved 2 November 2020.

Official website


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