Elawan Energy
- Company typePrivate
- Founded2007
- HeadquartersMadrid, Spain
- Headcount101–250
- GTM typeB2B
- OfferingServices
Elawan Energy firmographics
Firmographics- Name
- Elawan Energy
- Legal name
- Elawan Energy S.L.
- Website
- https://elawan.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Elawan Energy industry classification
Industry- Product category
- Renewable Energy Generation (Independent Power Production)
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Wind Electric Power Generation (221115), Electric Power Generation (22111)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG), Utility-Scale Power Generation Asset Management (EUAEAMAA)
Keywords
Where Elawan Energy is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Elawan Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Energy Generation and Sale (PPA): Long-term Power Purchase Agreements (PPAs) with corporate customers for supply of renewable energy. Virtual PPAs where physical energy is consumed by the customer through grid attribution. Revenue is generated from sale of electricity and associated environmental attributes (RECs/GoOs) under contracts typically spanning 10 years.
- Merchant Energy Sales: Direct sale of renewable energy to the grid at market prices, providing merchant revenue exposure alongside contracted PPA income.
- Asset Development Services: Development and construction of renewable energy projects, with assets either retained for operation or potentially sold to other investors.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Elawan Energy product offering
Product offeringCore offering
Elawan Energy is an Independent Power Producer (IPP) that develops, finances, constructs, owns, and operates utility-scale wind farms, solar photovoltaic (PV) plants, and hydroelectric facilities (including mini-hydropower). The company sells the clean electricity and associated environmental attributes it generates primarily through long-term Power Purchase Agreements (PPAs), including virtual PPAs, to large corporate customers, and secondarily through merchant sales to electricity grids.
Product overview
Elawan Energy is a global Independent Power Producer (IPP) offering integrated solutions across the entire renewable energy lifecycle, from promotion and development through construction, operation, maintenance, and energy sales. The company's core portfolio consists of three primary product lines: wind farm development and operation, solar photovoltaic plant development and operation, and hydroelectric power generation (including mini-hydropower). The company also offers energy storage solutions as an add-on capability and Power Purchase Agreements (PPAs) as the commercial mechanism for energy delivery to customers. The product architecture follows a platform-plus-services model where Elawan develops, finances, constructs, and operates renewable assets under long-term PPAs with corporate and industrial customers. Current operational capacity stands at approximately 2.3 GW globally with 0.7 GW under construction and a development pipeline exceeding 11.8 GW.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind Farm Development and Operation
Quantifiable outcome
- 5.6+ million MWh clean energy produced and commercialized annually
- +3 more outcomes
Companies that use Elawan Energy
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles2 records
Elawan Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Elawan Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor, major and core.
- Schneider Electric Advisory ServicesminorAdvisory services for the 10-year virtual PPA with Lear Corporation for 30 MW wind project in Spain.
- LevelTen EnergymajorLevelTen Energy's LEAP (Accelerated Process) platform facilitated the corporate PPA between Elawan Energy and Google for 37 MWdc solar project in Hill County, Texas, USA.
- Corporación Acciona Energías RenovablescoreAcquisition of 100% of Acciona Saltos de Agua, S.L.U. (ASA), a hydroelectric power producer including its three subsidiaries, from Acciona for undisclosed amount. Transaction completed November 2024. Added 175 MW of hydropower capacity in Spain through 23 mini-hydropower plants.
- R.Power InvestmentcoreJoint venture with R.Power Investment to develop 2.0 GW of photovoltaic projects in Italy. The operation was assisted by law firms Watson Farley & Williams and DLA Piper. This represents a significant expansion into the Italian market through a strategic partnership.
Scale indicators10 records
Recent moves6 records
Expansion highlights7 records
Elawan Energy competitors and assessment
Company assessmentDirect peers
- Sonnedix: Global solar IPP with a large European operating portfolio and active in corporate PPAs. Directly comparable to Elawan's utility-scale solar IPP model, with similar reliance on long-term offtake and project finance.
- Lightsource bp: Global utility-scale solar developer and IPP backed by bp, active across Europe, the Americas, and Asia-Pacific. Comparable to Elawan's PV development capability and corporate PPA focus, with greater financial backing.
- Acciona Energía: Spanish-listed global IPP developing and operating wind, solar, and other renewable assets and selling power via PPAs. Directly comparable to Elawan's integrated wind/solar IPP model and even sold hydro assets (Acciona Saltos de Agua) to Elawan in 2024.
- Audax Renovables: Spanish IPP and energy retailer with wind and solar generation across Iberia and Europe. Comparable to Elawan as a mid-sized Iberian renewable generator selling through PPAs and merchant arrangements.
- Solaria Energía y Medio Ambiente: Spanish solar-focused IPP developing utility-scale photovoltaic projects in Iberia and Southern Europe. Closely comparable to Elawan's Iberian PV development pipeline and PPA-driven commercial model, though less diversified across technologies.
Broad incumbents
- Engie: Global utility with a large renewables portfolio including wind, solar, hydro, and storage across Europe and the Americas. Competes with Elawan for utility-scale projects and corporate PPAs, though as part of a broader gas, nuclear, and services portfolio.
- Enel Green Power: Renewables arm of Enel Group operating wind, solar, and hydro plants globally. Comparable integrated IPP business with multi-technology generation, large corporate PPA franchise, and project finance capabilities.
- Iberdrola Renovables: Largest Spanish utility with a globally significant renewables arm developing wind, solar, and storage projects. Competes with Elawan in Spanish auctions and corporate PPAs but at much greater scale and with a broader portfolio including networks and retail.
- EDP Renováveis: Global wind and solar IPP with strong European and Americas presence, also active in corporate PPAs. Directly competes with Elawan in Iberian and US solar/wind development while offering deeper geographic and balance-sheet reach.
Emerging players
- R.Power: Italian solar developer and IPP with utility-scale PV projects in Italy. Comparable to Elawan's Italian expansion thesis and currently Elawan's JV partner for a 2.0 GW PV pipeline, blending partnership and competitive dynamics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Elawan Energy social profiles
Digital presenceElawan Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elawan Energy leadership team
Management profileNumber of profiles
Profiles3 records
Elawan Energy subsidiaries and ownership
Company hierarchySubsidiaries1 record
Elawan Energy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elawan Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elawan Energy
What does Elawan Energy do?
Elawan Energy is an Independent Power Producer (IPP) that develops, finances, constructs, owns, and operates utility-scale wind farms, solar photovoltaic (PV) plants, and hydroelectric facilities (including mini-hydropower). The company sells the clean electricity and associated environmental attributes it generates primarily through long-term Power Purchase Agreements (PPAs), including virtual PPAs, to large corporate customers, and secondarily through merchant sales to electricity grids.
Is Elawan Energy a public or private company?
Elawan Energy is a private company. It is classified as corporate owned and is currently operating.
When was Elawan Energy founded?
Elawan Energy was founded in 2007. It employs 101 to 250 people.
Where is Elawan Energy based?
Elawan Energy is headquartered in Madrid, Spain, in the Europe region.
How does Elawan Energy make money?
Three revenue lines are on record. Energy Generation and Sale (PPA) is the primary driver. The others are merchant Energy Sales and asset Development Services.
Who are Elawan Energy's main competitors?
Direct peers on record are Sonnedix, Lightsource bp, Acciona Energía, Audax Renovables and Solaria Energía y Medio Ambiente. Broad incumbents are Engie, Enel Green Power, Iberdrola Renovables and EDP Renováveis. R.Power is listed as an emerging player.
Does Elawan Energy have an API?
No public API is recorded for Elawan Energy.
What industry is Elawan Energy in?
Elawan Energy's product category is Renewable Energy Generation (Independent Power Production). Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAMAAAE, Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy). Its NAICS code is 221114 and its SIC code is 4911.