Opdenergy

What Opdenergy does

Opdenergy is an independent power producer (IPP) focused on the development, construction, financing, operation, and selective sale of utility-scale renewable energy assets, primarily solar photovoltaic, with growing exposure to wind and battery energy storage. The company operates approximately 2.4 GW of installed capacity and manages a development pipeline of roughly 9-13 GW of solar and wind projects plus 27 GWh of storage across eight OECD countries: Spain, Italy, the United Kingdom, France, Poland, the United States, Chile, and Mexico. Core products include ground-mounted and hybrid solar PV plants, wind farms, and integrated storage solutions; in April 2026 the company adopted Sitetracker's Asset Lifecycle Management platform to unify portfolio management across development, legal, and EPC teams.

The company's business model combines long-term contracted generation with asset rotation. Approximately 70-95% of energy generated is sold under 12-20 year power purchase agreements with investment-grade utilities and large corporate energy buyers, providing contracted recurring revenue; the remaining output is sold into merchant markets. Selected projects are developed to ready-to-build status and sold to infrastructure investors (notably the 1,101 MW transfer to Bruc Energy) to recycle capital and optimize the generation mix. Pricing is negotiated bilaterally per PPA, and the company does not publicly disclose tariff terms.

Opdenergy serves three primary segments: investment-grade utilities seeking long-term clean energy supply to meet decarbonization mandates, large corporate and industrial energy buyers pursuing direct renewable procurement, and infrastructure investors acquiring developed renewable assets. Following its July 2022 IPO on the Spanish Continuous Market (BME:OPDE), the company was taken private in April 2024 by Antin Infrastructure Partners (via GCE BIDCO, S.L.U.) and now operates as a privately held portfolio company majority-owned by Antin's €10.2 billion Flagship Fund V, with senior institutional debt backing from EIG, Infranity, EIB, BBVA, and Santander. Leadership is headed by CEO Luis Cid (since 2017), CFO Tomás Collantes (since 2022), and COO José Antonio Gil (since October 2024).

Name

Opdenergy

Legal name

Opdenergy Holding, S.A.

Website

https://opdenergy.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Opdenergy is an independent renewable energy power producer developing, financing, and operating utility-scale solar, wind, and storage projects across 8 OECD countries, primarily under long-term PPAs with investment-grade utilities, and owned by Antin Infrastructure Partners.

Ownership category

akta.pro rank

Product category

Renewable Energy Power Generation

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)

akta.pro secondary industries

Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations) (EUAMAAAB), PPA Origination, Advisory & Contract Management (Negotiation, Credit, Settlements) (EUAGADAL)

Keywords

• Utility-scale solar power
• Wind energy generation
• Independent power producer
• Renewable energy development
• Energy storage systems

Headquarters

HQ city

Fustiñana

HQ country

Spain

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Generation Sales: Revenue from selling electricity generated by operational renewable energy assets under long-term PPAs. Approximately 70% of energy is contracted under long-term PPAs with investment-grade utilities.
2. Asset Rotation/Sale: Development and sale of renewable energy projects to third-party investors (e.g., transfer of 1,101 MW to Bruc). This asset rotation strategy partially finances growth while optimizing generation mix.
3. PPA Energy Supply Contracts: Long-term power purchase agreements (typically 12-20 years) covering 70-95% of energy generated, providing contracted revenue streams with investment-grade counterparties.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Opdenergy is an independent power producer (IPP) that develops, constructs, finances, operates, and manages utility-scale renewable energy projects, primarily solar photovoltaic (PV) plants, wind farms, and battery energy storage systems (BESS). The company sells electricity generated by these assets to investment-grade utilities and large corporate buyers under long-term Power Purchase Agreements (PPAs), and periodically sells developed projects to third-party infrastructure investors as part of an asset rotation strategy. Operations span Spain, Italy, the UK, France, Poland, the US, Chile, and Mexico.

Product overview

Opdenergy is an independent power producer (IPP) offering a portfolio of renewable energy products comprising solar photovoltaic projects, wind energy projects, and energy storage solutions. The company operates across Europe, the United States, and Latin America, developing, constructing, financing, managing, and operating high-quality renewable energy assets. The core offering consists of utility-scale solar PV plants and wind farms, with energy storage increasingly integrated through hybrid configurations. In April 2026, Opdenergy adopted the Sitetracker Asset Lifecycle Management platform to unify project management, financial tracking, and operational data across its global portfolio of 2.4 GW operational assets and 17 GW in development.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Photovoltaic Projects Utility-scale solar PV power plants developed, constructed, financed, managed and operated by Opdenergy across Europe, the United States, and Latin America. Projects include both ground-mounted and hybrid installations with capacities ranging from community-scale farms to large-scale plants exceeding 100 MW, with electricity sold to utilities and large corporates under long-term PPAs.
• Wind Energy Projects Wind farm developments including the 440 MW of operational wind assets acquired from Acciona Energía in 2025, representing Opdenergy's expansion into wind power generation. Energy generated from these wind assets is supplied under long-term contracts to utilities and large energy buyers.
• Energy Storage Solutions (BESS) Battery energy storage system (BESS) projects integrated with solar PV plants, supporting grid stability and maximizing renewable energy utilization. The company has 27 GWh of storage capacity in its development pipeline and integrates storage in hybrid configurations with solar and wind generation.

Quantifiable outcome

• 260,000 tonnes CO2 avoided annually from US projects (Blake and Elizabeth)
• +2 more outcomes

Named customers5 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

Feature2 records

Partnerships

Four partnerships are on record, tiered strategic, supporting and core.

• SitetrackerstrategicTechnology or Integration · 29 April 2026Opdenergy selected Sitetracker's Asset Lifecycle Management platform to unify and scale management of its global renewable energy portfolio. The platform provides centralized project tracking, milestone management, and financial oversight across development, legal, and EPC teams.
• EHS TechniquessupportingImplementation/ SI/ Consulting Partner · 12 December 2025Audit support partner that conducted prior preparation audit in collaboration with Opdenergy's Corporate Sustainability team ahead of SGS external audit for Integrated Management System certifications.
• Bruc EnergycoreStrategic or Co-development Partner · 12 May 2023Asset sale agreement for 1,101 MW of solar PV projects in Spain. Opdenergy transferred 20 solar PV plants to Bruc as assets obtained required permits. This is a develop-to-sell partnership enabling asset rotation.
• Norton Rose FulbrightsupportingImplementation/ SI/ Consulting PartnerLegal counsel to Opdenergy for US project financing transactions.

Scale indicators19 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Acciona Energía: Spanish-headquartered global renewable IPP operating utility-scale solar, wind, and storage across OECD markets; directly comparable to Opdenergy in technology mix, Iberian footprint, and develop-to-operate model. Opdenergy's recent acquisition of 440 MW of Acciona's operational wind assets underlines the close comparability.
• EDP Renováveis (EDPR): One of the world's largest renewable energy developers/operators with strong presence in Iberia, Europe and the Americas; comparable in scale, PPA-backed business model, and technology diversification across wind, solar and storage.
• Solaria Energía y Medio Ambiente: Spanish utility-scale solar PV developer and IPP with significant Iberian pipeline and PPA-backed offtake; highly comparable in technology focus, geography, and develop-to-operate/sell model.
• Grenergy Renovables: Spanish-listed renewable developer with utility-scale solar, wind and storage across Iberia and Latin America; directly comparable as a mid-cap Iberian IPP pursuing similar pipeline-driven growth strategy.
• Audax Renovables: Iberian renewable energy and retail supply player with utility-scale generation assets; comparable as a Spanish-origin IPP/energy company expanding across European markets.
• Sonnedix: Global solar IPP with multi-gigawatt operational portfolio across OECD markets and a develop-to-operate/sell strategy backed by infrastructure investors; highly comparable in size, asset rotation approach, and renewable-only mandate.

Broad incumbents

• Enel Green Power: Subsidiary of Enel Group and one of the largest global renewable IPPs with operations across the same geographies as Opdenergy (Europe, US, LatAm); comparable in technology mix and long-term PPA contracting, though at much larger scale and as part of a wider utility.
• Iberdrola Renovables: Spanish-headquartered global renewable energy operator with substantial wind and solar capacity across Iberia, the Americas, and the UK; comparable as a large incumbent with overlapping geographies and PPA-driven offtake model.
• Engie (Renewables arm): French-headquartered global utility with significant renewable energy development and IPP operations across Europe, the Americas, and the Middle East; overlaps with Opdenergy's geographies and PPA-backed model as part of a broader energy portfolio.

Emerging players

• Bruc Energy: Spanish renewable energy platform and asset-purchase counterparty to Opdenergy (acquired 1,101 MW from Opdenergy); emerging Iberian IPP with a similar solar-focused mandate and PPP-backed growth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/opdenergy

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds5 records

Investors6 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 Opdenergy