ILOS Projects

What ILOS Projects does

ILOS Projects GmbH & Co. KG is a Karlsruhe, Germany-based Independent Power Producer (IPP) founded in 2018 by Michael Winter and Nikolaus Krane. The company develops, constructs, owns, and operates utility-scale solar photovoltaic power plants across seven European markets — the United Kingdom, Ireland, the Netherlands, Italy, Greece, Spain, and Germany (since mid-2023) — with projects structured under state-backed revenue mechanisms including Power Purchase Agreements (PPAs), Contracts for Difference (CfD), and feed-in tariffs. As of year-end 2024, ILOS managed a 4.5 GWp portfolio comprising 123 MW of operating assets, 367 MW under construction, and 961 MW of ready-to-build capacity, supplemented by integrated battery energy storage (BESS) and an emerging green hydrogen interface. ILOS partners with local developers (e.g., Soleire Renewables in Ireland, Yamko Energy in Greece for the 100MW Mantasia hydrogen project) to enter markets and originate projects while retaining long-term ownership to operate.

ILOS monetizes electricity generation primarily through long-tenor, state-backed offtake contracts, producing recurring revenue tied to kWh produced; a secondary revenue stream provides commercial and technical asset management services to investors and lenders of operating solar farms. Go-to-market is sales-led and institutional: the company engages directly with utilities and energy companies such as Bord Gáis Energy for PPA offtake and secures project-level debt from lenders including Danske Bank, Bayerische Landesbank, EIG, and La Caisse. ILOS was majority-owned by BNP Paribas Asset Management Alts, then transitioned in 2025 when AXA IM Alts acquired a 60% stake from founders and Omnes Capital, becoming the strategic majority shareholder alongside the founding management team.

Name

ILOS Projects

Legal name

ILOS Projects GmbH & Co. KG

Website

https://ilos-energy.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

ILOS Projects is a Karlsruhe-based pan-European Independent Power Producer that develops, constructs, owns, and operates utility-scale solar PV, BESS, and green hydrogen projects across seven European countries, selling electricity through state-backed PPAs, CfDs, and feed-in tariffs to utilities and energy companies.

Ownership category

akta.pro rank

Product category

Renewable Energy / Solar Power Generation (Independent Power Producer)

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)

akta.pro secondary industries

Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Utility-Scale Power Generation Asset Management (EUAEAMAA), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

Keywords

• Utility-scale solar PV
• Renewable energy development
• Battery energy storage
• Green hydrogen production
• Power purchase agreements

Headquarters

HQ city

Karlsruhe

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy Sales: ILOS develops, constructs, and operates solar PV projects, selling electricity through long-term Power Purchase Agreements (PPAs), feed-in tariffs, and Contracts for Difference (CfD) schemes. The company retains ownership of operating assets to generate recurring revenue from electricity generation.
2. Asset Management Services: Provides commercial and technical asset management services for operating solar farms including performance optimization, contract management, and stakeholder reporting for investors and lenders.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ILOS Projects develops, constructs, and operates utility-scale solar photovoltaic (PV) power plants across seven European markets, integrating battery energy storage systems (BESS) and green hydrogen capabilities. The company retains ownership of operational assets and sells electricity through long-term Power Purchase Agreements (PPAs), feed-in tariffs, and Contracts for Difference (CfD) schemes to utilities, energy suppliers, and grid operators, while also providing commercial and technical asset management services for its operating solar farms.

Product overview

ILOS Projects operates as a pan-European Independent Power Producer (IPP) offering an integrated platform for the development, construction, and long-term ownership and operation of utility-scale solar photovoltaic power plants. The core offering spans solar PV development with integrated battery energy storage (BESS) and green hydrogen capabilities, with projects structured under state-backed revenue mechanisms including PPAs, feed-in tariffs, and Contracts for Difference. The portfolio includes operating assets, projects under construction, and ready-to-build sites across seven European markets (Germany, UK, Ireland, Netherlands, Italy, Greece, Spain), with a total secured pipeline exceeding 4.5 GWp as of end-2024.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar PV Development and Ownership
• Battery Energy Storage Systems (BESS)
• Green Hydrogen Production (Mantasia)
• Commercial and Technical Asset Management Services

Quantifiable outcome

• 25% increase in Ireland's operational solar fleet capacity through Cork and Tipperary projects
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Yamko EnergycoreStrategic or Co-development Partner · 27 March 2026Yamko Energy and ILOS Energy formed a Germany-based joint venture to develop the 100MW Mantasia green hydrogen plant in central Greece. The project is among the first to navigate Greece's complex hydrogen regulatory framework, receiving environmental and government approval. The plant aims to supply low-carbon hydrogen to heavy industry and transport sectors.
• Soleire RenewablescoreStrategic or Co-development Partner · 1 January 2025Soleire Renewables is the development partner for the 217MW Ballyhea solar farm in Co Cork, Ireland. The partnership demonstrates ILOS's strategy of working with local developers to enter and expand in European markets.
• TLT (law firm)minorImplementation/ SI/ Consulting Partner · 23 October 2023TLT law firm advised Germany-based ILOS on the £70 million debt facility from Bayerische Landesbank for UK solar PV projects. The transaction involved comprehensive support from early development through financing.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• European Energy: Denmark-based developer and IPP of utility-scale solar PV and wind across European markets with a similar develop-to-own model. Comparable as a mid-sized European renewable IPP focused on multi-geography utility-scale project development, construction and long-term operation.
• Sonnedix: Global solar IPP with a >10 GWp portfolio concentrated in Europe, owned by JP Morgan's infrastructure fund. Directly comparable as a large-scale solar IPP operating under PPAs and government schemes across multiple European jurisdictions with a long-term hold strategy.
• Encavis AG: Germany-listed solar and wind IPP operating >3.5 GW across Europe. Comparable as a publicly traded European solar IPP generating recurring revenue through PPAs and feed-in tariffs, with an integrated asset management and operations platform.
• Lightsource bp: Global utility-scale solar developer and operator owned by bp, with substantial European operations. Comparable as a fully integrated utility-scale solar developer-EPC-operator with multi-gigawatt pipelines across the UK, Ireland, Spain, Portugal and other European markets.
• BayWa r.e. Germany-headquartered global developer of utility-scale solar, wind and storage with IPP operations in Europe and beyond. Comparable as a vertically integrated renewable energy developer operating multi-GW portfolios with project development, EPC and asset management capabilities.
• Akuo Energy: France-based independent renewable energy developer and IPP with operations across Europe and overseas. Comparable as an independent, founder-influenced European renewables IPP developing solar, wind and storage projects with state-backed revenue mechanisms.

Broad incumbents

• EDP Renováveis: One of the world's largest renewable energy operators with >15 GW installed across wind and solar in Europe, Americas and Asia-Pacific. Comparable as a large incumbent European-headquartered utility-scale solar IPP but with significantly broader geographic scale and wind exposure.
• Enel Green Power: Global renewables arm of Enel Group with >50 GW of operated renewable capacity including major European solar. Comparable as a broad incumbent in European utility-scale solar IPP space but with much greater scale and a wider technology and geographic mix.
• Iberdrola Renovables: Spanish utility's renewables arm operating multi-GW solar and wind portfolios across Europe, Americas and Australia. Comparable as a broad incumbent utility-scale renewable IPP with significant European presence including Spain, UK and Germany.
• RWE Renewables: European utility's renewables division with a multi-GW solar and wind portfolio across Europe and the US, including substantial UK presence. Comparable as a broad incumbent European renewables IPP overlapping with ILOS in core markets such as UK, Germany and Netherlands.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ilos-projects-gmbh

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors4 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 ILOS Projects