Altano Energy

What Altano Energy does

Altano Energy, S.L.U. is a Madrid-headquartered institutional renewables platform founded in June 2021 and backed by Pioneer Point Partners, an independent sustainable infrastructure investment manager that has deployed over €1.2 billion of equity across European infrastructure. The company acquires, develops, finances, constructs, and operates utility-scale renewable energy assets in the Iberian Peninsula and broader Southern European market, with a 1.5 GW portfolio spanning solar PV (60 MW operational, 72 MW under construction), onshore wind (63 MW under construction including the 40.5 MW Dama de Baza project), mini-hydropower (119 MW operational, including assets acquired via the 2023 112 MW portfolio deal), and battery energy storage. Active energy management and hybridization across technologies are positioned as the primary value-creation levers, supported by long-term PPAs with utility off-takers such as Engie España.

The business model blends ownership and operation of renewable assets (generation revenue from wholesale markets and contracted PPAs) with in-house asset management services that oversee third-party O&M contractors across the solar, wind, and storage fleet. Altano accesses institutional capital at the project level through non-recourse debt from Santander CIB (~€90M), Banco Sabadell (€38M), and ING (€81M), alongside equity from Pioneer Point Partners and a €60M growth round in August 2025 co-led with M&G Investments. Revenue streams are described as a mix of contracted PPA income and merchant exposure, with pricing negotiated privately per transaction rather than disclosed publicly.

The company is led by CEO Miguel Sánchez-Praena Ferrer (€5B+ transactional experience at Acciona, SunEdison, Ventient) and COO Íñigo Sánchez-Junco Ayala (16+ years at Iberdrola, SunEdison, Canadian Solar), supported by a technical, legal, finance, and development bench drawn from Repsol Renovables, EDF, Fotowatio, KPMG, Octopus Energy Generation, and other renewable platforms. The platform is ESG-aligned with EU Taxonomy, OECD Guidelines, UN Guiding Principles, ILO conventions, CSRD, and GDPR, and benefits from EU NextGenerationEU subsidies channeled via IDAE for hydro repowering projects. Subsidiary Altano Hidro S.A. operates the hydro modernization program branded as "Repotenciaci\u00f3n Circular."

Name

Altano Energy

Legal name

Altano Energy, S.L.U.

Website

https://altanoenergy.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Altano Energy is a Madrid-based institutional renewables platform that develops, finances, and operates utility-scale solar, wind, hydro, and storage assets across Iberia, serving utility and corporate off-takers via long-term PPAs.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111), Electric Power Generation (22111)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

akta.pro secondary industries

Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Renewable Energy Infrastructure (FSAAAKAG), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Renewable energy generation
• Utility-scale solar power
• Onshore wind energy
• Battery energy storage
• Power purchase agreements

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Renewable energy generation and sale: Altano Energy generates revenue through ownership and operation of renewable energy assets (solar PV, wind, hydropower) and sale of electricity to grid operators and corporate off-takers via PPAs. Revenue is a mix of contracted PPA income and merchant exposure.
2. Asset management services: In-house asset management including technical management of hydro assets and oversight of third-party O&M contractors for solar, wind and storage assets

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Altano Energy is an institutional renewables platform that develops, finances, constructs, owns, and operates a diversified portfolio of utility-scale renewable energy assets across Iberia and Southern Europe. Its core offering centers on solar PV, onshore wind, mini-hydropower, and battery energy storage projects, including hybrid multi-technology installations, sold to utilities and corporate off-takers through long-term Power Purchase Agreements (PPAs).

Product overview

Altano Energy is a diversified renewables platform combining solar PV, hydro, and wind technologies along with new business vectors including hybridization, battery storage (BESS), pumped storage, and hydrogen. The platform offers project development, construction, financing, asset management, and M&A services across the project lifecycle. The portfolio includes operational assets (60 MW solar, 119 MW hydro), projects under construction (72 MW solar, 63 MW wind), and development projects (79 MW PV hybridized with BESS, 216 MW various technologies), totaling 1.5 GW. The company is backed by Pioneer Point Partners and implements active energy management, innovative financing structures, and energy contracting strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Altano Energy Renewables Platform Institutional renewables platform combining solar, hydro, and wind technologies with new business vectors such as hybridization and storage, focused on the Southern European energy market with strategy of technological and geographical diversification. The platform spans development, construction, financing, asset management, and M&A.
• Altano Hidro (Hydroelectric Repowering Program) Hydroelectric modernization and improvement program operated through subsidiary Altano Hidro S.A., focusing on the 'Repotenciación Circular' (Circular Repowering) initiative funded by the EU NextGenerationEU program. Includes renovation of electromchanical equipment, infrastructure stabilization, and efficiency improvements at minihydroelectric plants.
• Utility-Scale Solar PV Projects Utility-scale solar photovoltaic projects across Spain, including 60 MW operational, 72 MW under construction, and advanced development projects. Provides renewable electricity generation sold through PPAs and merchant exposure.
• Onshore Wind Projects Onshore wind energy projects including the Dama de Baza 40.5 MW wind farm in Granada province, featuring Vestas V163-4.5 MW turbines, as part of a planned 250 MW wind cluster in Granada.
• Hybrid Renewable Solutions (Solar + Wind + BESS) Multi-technology renewable installations combining solar, wind, and battery storage (BESS) to improve capture price and reduce production risk and volatility through flexible capacity. Portfolio includes 216 MW under development of PV hybridized with BESS and/or wind.
• Asset Management Services In-house asset management including technical management of hydro assets and oversight of third-party O&M contractors for solar, wind, and storage assets, provided across Altano's portfolio.

Quantifiable outcome

• More than 36,000 tons of CO2 emissions prevented annually (94 MW Andalusia portfolio)
• +3 more outcomes

Named customers2 records

Segments2 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

Twelve partnerships are on record, tiered key supplier, strategic and advisory.

• Vestaskey supplierTechnology or IntegrationTurbine supplier for Dama de Baza wind farm, providing nine V163 – 4.5 MW aerogenerators. Includes long-term Active Output Management 5000 (AOM 5000) service agreement. Turbine blades manufactured at Vestas factory in Daimiel (Ciudad Real).
• Ehisa Construcciones (Grupo Elecnor)key supplierImplementation/ SI/ Consulting PartnerConstruction and civil works contractor for Dama de Baza wind farm project. Company integrates civil construction, building and hydraulic works, committed to construction excellence and exceeding client expectations.
• Engie EspañastrategicStrategic or Co-development PartnerEntered into long-term hybrid Power Purchase Agreement (PPA) with Altano Energy for the 107 MW hybrid hydraulic and photovoltaic portfolio. Counterparty supporting renewable energy offtake.
• Uría MenéndezadvisoryImplementation/ SI/ Consulting PartnerLegal counsel advising Altano Energy on €81 million ING financing transaction for hybrid renewable portfolio in Andalusia.
• Herbert Smith FreehillsadvisoryImplementation/ SI/ Consulting PartnerLegal adviser supporting Altano Energy on €90 million Santander CIB financing for 107 MW hybrid portfolio and on 112 MW acquisition transaction.
• AstrisadvisoryImplementation/ SI/ Consulting PartnerFinancial advisor to Altano Energy on €81 million ING financing transaction for hybrid renewable portfolio in Andalusia.
• AstrisadvisoryImplementation/ SI/ Consulting PartnerFinancial adviser supporting Altano Energy on €90 million Santander CIB financing for 107 MW hybrid portfolio.
• Willis Tower WatsonadvisoryImplementation/ SI/ Consulting PartnerInsurance broker advising Altano Energy on €81 million ING financing transaction for hybrid renewable portfolio in Andalusia.
• Watson Farley & WilliamsadvisoryImplementation/ SI/ Consulting PartnerLegal adviser on banking side for Altano Energy's €38 million project financing with Banco Sabadell for Dama de Baza wind farm. Also served as legal adviser in PPA for Santander transaction.
• AltermiaadvisoryImplementation/ SI/ Consulting PartnerTechnical advisor to ING on €81 million financing transaction for Altano's hybrid renewable portfolio in Andalusia.
• DentonsadvisoryImplementation/ SI/ Consulting PartnerLegal advisor to ING on €81 million financing transaction for Altano's hybrid renewable portfolio in Andalusia.
• EYadvisoryImplementation/ SI/ Consulting PartnerModel auditor on €81 million ING financing transaction for Altano's hybrid renewable portfolio in Andalusia.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sonnedix: Global solar and storage IPP with institutional (EQT) backing that develops, owns, and operates renewable assets across multiple geographies. Comparable as a multi-technology renewable platform scaling via project finance and long-term PPAs.
• Solarpack: Spanish-origin multi-technology renewable IPP (solar, wind, BESS) active in Iberia, LatAm, and Asia. Recently taken private by EQT. Closest comparable to Altano in geographic focus, multi-tech strategy, and institutional sponsor profile.
• Capital Energy: Spanish renewables platform developing utility-scale wind, solar, and storage projects across Iberia. Similar institutional-style approach to building a diversified Iberian renewable portfolio with project finance support.
• Audax Renovables: Iberian renewable energy and retail supply operator with growing generation portfolio across wind, solar, and biomass. Comparable as a multi-technology Spanish platform combining generation and PPA activity.
• Encavis AG: European multi-technology IPP operating solar and wind farms across multiple countries with institutional backing (now part of KKR). Comparable multi-tech IPP with similar geographic diversification and PPA-based revenue model.

Broad incumbents

• Iberdrola Renovables: World's largest wind operator and a top Spanish renewable generator across onshore wind, solar, hydro, and BESS. Competes with Altano for grid capacity, land, and PPAs in Iberia, with materially larger balance sheet and operational track record.
• Acciona Energía: Spanish-listed global renewable IPP (CEO Miguel Sánchez-Praena's prior employer) operating wind, solar, hydro, and storage. Comparable multi-technology platform at much greater scale, and key reference for executive team experience.
• EDP Renováveis: One of the largest global renewable IPPs with deep Iberian roots (Francisco González Hierro's prior employer SINAE became EDP Renováveis). Competes head-on for Iberian renewable opportunities at massive scale.
• Repsol Renovables: Integrated Spanish major building a renewable generation portfolio (wind, solar) as part of its multi-energy strategy. Direct competitor for project acquisitions and talent (Francisco González Hierro was Country Manager Spain at Repsol Renovables).
• Naturgy: Major Spanish gas-electric utility expanding into renewable generation across Iberia. Competes with Altano for both asset acquisitions and corporate PPA offtake relationships with Iberian corporate buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Altano Energy