Solarcentury
Solar energy company
From Wikipedia, the free encyclopedia
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 bought by Statkraft in November 2020 for £118 million.[4]
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 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]
