Elawan Energy

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

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

• Renewable energy generation
• Power purchase agreements
• Wind farm development
• Solar photovoltaic projects
• Independent power production

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. Merchant Energy Sales: Direct sale of renewable energy to the grid at market prices, providing merchant revenue exposure alongside contracted PPA income.
3. 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

Core 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

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor, major and core.

• Schneider Electric Advisory ServicesminorImplementation/ SI/ Consulting Partner · 1 April 2026Advisory services for the 10-year virtual PPA with Lear Corporation for 30 MW wind project in Spain.
• LevelTen EnergymajorTechnology or Integration · 19 September 2024LevelTen 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 RenovablescoreStrategic or Co-development Partner · 30 July 2024Acquisition 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 InvestmentcoreStrategic or Co-development Partner · 5 June 2024Joint 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

Direct 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

• YouTubeyoutube.com/channel/UCMsitWrMYtsyTMBPHky8ltw
• LinkedInlinkedin.com/company/elawan-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds2 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 Elawan Energy