Founded | 1998 |
---|---|
Headquarters | UK |
Key people | Jeremy Leggett (founder) |
Revenue | £168 million |
Website | https://www.statkraft.co.uk |
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]
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]
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]
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