What Skarta Energy does

Skarta Energy Oy is a Finnish renewable energy developer and independent power producer headquartered in Espoo, specializing in industrial-scale solar photovoltaic projects complemented by battery energy storage systems (BESS). Founded in 2021-2022 and owned by CapMan Infra, the company has rapidly scaled to become Finland's largest industrial solar power producer, anchored by the Utajärvi Isosuo solar park (106.8 MWp with 20 MW/40 MWh BESS, approximately 97 GWh annual output) and the Callio solar park (13 MWp floating installation on a former mine tailings pond) prior to its March 2026 divestiture. Its technology stack combines utility-scale PV deployment on challenging terrain (peat bogs, decommissioned mining sites), BESS integration for grid stability, and the proprietary Near Energy (Vierivoima) concept offering municipalities a turnkey local energy solution combining solar, storage, and future hydrogen.

The business model operates across three revenue streams: own-portfolio electricity sales from operating solar parks, full project development and sale of permitted projects to strategic buyers (e.g., Solarigo Systems for Callio, Suur-Savon Sähkö subsidiary for Ohrasuo), and emerging long-term Power Purchase Agreement (PPA) services for corporate and municipal customers. GTM is direct B2B and B2G enterprise field sales targeting three primary verticals: municipalities seeking carbon neutrality and energy self-sufficiency, industrial companies seeking cost-effective renewable supply, and landowners with underutilized land for lease. Skarta pursues a deliberate portfolio focus on projects exceeding 50 MWp in Finland's highest solar radiation zones, backed by EUR 54 million of project financing and EUR 29.6 million in EU/Ministry grants, and supported by certifications including ISO 9001/14001/45001, SBTi-approved targets, and GRESB 5-star status (97/100 points).

Name

Skarta Energy

Legal name

Skarta Energy Oy

Website

https://skartaenergy.fi

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Skarta Energy is a Finnish independent power producer and renewable energy developer, owned by CapMan Infra, specializing in industrial-scale solar PV parks with battery storage serving municipalities, industrial companies, and landowners across Finland.

Ownership category

akta.pro rank

Product category

Solar Power Generation

NAICS

Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)

akta.pro secondary industries

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Performance Optimization & Analytics (Monitoring, Forecasting, Aerial Thermography, IV Curves) (EUACAGAI)

Keywords

• Industrial solar power
• Renewable energy development
• Utility-scale photovoltaics
• Battery energy storage
• Power purchase agreements

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Others

Revenue model

1. Solar park development and electricity sales: Skarta Energy develops and builds industrial-scale solar power parks. The company generates revenue by selling electricity produced from its own solar parks, by developing projects for sale to strategic buyers (such as selling Callio to Solarigo Systems and Ohrasuo to Suur-Savon Sähkö), and potentially through long-term Power Purchase Agreements (PPAs) with customers.
2. Project development and sales: Development of solar projects from initial surveying through permitting to construction-ready status, then selling fully licensed projects to buyers like Suur-Savon Sähkö. Skarta develops projects both for its own portfolio and for sale.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Skarta Energy develops and builds industrial-scale solar power parks in Finland, complemented by battery energy storage systems (BESS) for grid stability. The company generates revenue by selling electricity from its own solar parks, developing fully-licensed projects for divestment to strategic buyers, and offering long-term Power Purchase Agreements (PPAs) to municipalities, industrial companies, and landowners. Projects typically exceed 50 MWp and are sited in Finland's highest solar radiation areas, including challenging terrain such as peat bogs and former mining tailings ponds.

Product overview

Skarta Energy is a Finnish renewable energy developer and producer specializing in industrial-scale solar power projects complemented by energy storage solutions. The company's portfolio includes large utility-scale solar parks (core product), battery energy storage systems (BESS) as add-on modules, the Near Energy® localized energy solution concept, and long-term PPA services. Key projects include the Utajärvi Isosuo Solar Park (Finland's largest at 106.8 MWp with 20 MW/40 MWh battery) and the Callio Solar Park (Finland's first mining-area solar installation at 13 MWp).

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial-Scale Solar Power Projects

Quantifiable outcome

• Utajärvi solar park produces ~97 GWh annually, equivalent to ~13,000 Finnish households' consumption
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, major and supporting.

• NSC EnergyOpti OycoreStrategic or Co-development Partner · 12 February 2026Strategic partnership covering operation, multi-market optimisation, and electricity trading of Skarta Energy's renewable energy portfolio. Includes Utajärvi hybrid power plant (Finland's largest industrial solar) and Pälkäne solar assets. NSC EnergyOpti manages all market-related activities including solar and battery optimisation, trading across multiple electricity markets. Operational cooperation began 1 May 2026.
• Järvi-Suomen Aurinko Oy (Suur-Savon Sähkö subsidiary)majorChannel Partner/ Reseller/ Distributor · 8 October 2025Purchased Ohrasuo solar project (8.8 MWp) in Savonlinna from Skarta Energy. Project developed with full permits and construction-ready status.
• Finnish Energy (Energiateollisuus ry)supportingOthers · 22 February 2023Skarta Energy joined as member in February 2023. Industry advocacy organization for Finnish energy sector. Membership supports dialogue with sector and stakeholders, particularly important during energy market upheaval.
• Solarigo Systems OycoreStrategic or Co-development PartnerJoint development partner for Callio solar park at Pyhäsalmi mine. Skarta held 70% and Solarigo 30% ownership of Callio-Hitura Solarpark Oy. Ownership fully transferred to Solarigo in March 2026. Solarigo continues developing battery storage and operates the solar park.
• NYAB Finland OymajorImplementation/ SI/ Consulting PartnerEngineering, procurement, and construction (EPC) contractor for Utajärvi solar park and battery storage. Responsible for construction of the 102.5 MWp solar park and 20 MW/40 MWh battery storage facility on challenging peat bog terrain.
• Business Tornio OymajorStrategic or Co-development PartnerPartnership with Tornio-based development company to prepare feasibility plan for approximately 100-hectare solar farm (~80 MWp, ~60 MEUR investment). Business Tornio acts as active network builder between operators, utilizing regional expertise.
• Pyhäjärven kaupunkimajorStrategic or Co-development PartnerCity of Pyhäjärvi is partner in Callio solar park project and developing the broader Callio industrial and circular economy area utilizing former mining infrastructure.
• Suomen uusiutuvat (Renewables Finland)supportingOthersMember of Renewables Finland association for renewable energy sector development.
• Solar Power EuropesupportingOthersEuropean solar industry association membership for global renewable energy sector involvement.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Solarigo Systems: Finnish solar IPP and developer that purchased Skarta's Callio solar park (March 2026). Directly comparable business model developing industrial-scale solar parks in Finland, often on challenging land including former industrial sites.
• Ilmatar Energy: One of Finland's largest independent renewable energy developers (owned by Ardian). Directly comparable in developing and owning utility-scale wind and solar assets across Finland with focus on industrial-scale projects.
• OX2: Nordic (Sweden-listed) renewable energy developer with significant solar and wind pipeline across the Nordics. Closely comparable in scale, geographic footprint, and project-development/ownership business model.
• Alight: Stockholm-based solar developer and IPP focused on the Nordics, with on-site PPA-based solar for commercial and industrial customers. Closely comparable industrial-scale solar and PPA-focused business model.
• Better Energy: Danish solar developer developing and operating utility-scale solar parks across Northern Europe. Comparable in being a dedicated industrial-scale solar developer with project sale and ownership channels.
• Nordic Solar: Danish-based solar developer/operator with portfolio of utility-scale solar parks across Denmark and other Nordic countries. Closely comparable business model focused on industrial-scale ground-mounted solar.
• Auris Energia: Finnish renewable energy producer where Skarta's former CEO Mika Paloranta served for eight years. Comparable Finnish focus on renewable generation and direct sale of electricity to customers.

Broad incumbents

• European Energy: Danish renewable energy developer with significant utility-scale solar and wind portfolio across Europe. Larger and more diversified but operates in overlapping Nordic geographies with similar development-to-ownership model.
• Fortum: Nordic utility with significant renewable and conventional generation in Finland. Mika Paloranta (Skarta's former CEO) previously held senior roles at Fortum, indicating industry overlap. Larger incumbent competing for renewable contracts and PPA customers.

Others

• CapMan Infra (Portfolio): Parent and primary capital partner; infrastructure-focused PE platform with multiple renewable energy portfolio companies across the Nordics. Relevant for understanding comparable pipeline valuations and exits.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/skarta-energy

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Skarta Energy