Greencells Group

What Greencells Group does

Greencells Group is a German renewable energy company founded in 2007 and headquartered in Saarbrücken that develops, builds, operates, and finances utility-scale solar projects. The company specializes in engineering, procurement, and construction (EPC) services for utility-scale solar photovoltaic (PV) installations and, more recently, battery energy storage systems (BESS). Its core product surface consists of full-scope Solar PV EPC Services — covering development, engineering, equipment procurement, construction, and commissioning of solar parks — and Turnkey Utility-Scale Battery Energy Storage Systems delivered through a strategic alliance with Desay ESS that combines the partner's battery technology with Greencells' EPC and project delivery capabilities.

Greencells earns revenue primarily through project-based, one-time EPC contracts secured via competitive bidding processes targeting state-owned utilities and large energy providers. Its most material disclosed engagement is the Drombeg Solar Park in County Kerry, Ireland, where it holds an EPC contract with ESB (Electricity Supply Board) for a combined 99MW installation (50MW Phase 1 plus a 44MW Phase 2 extension), won through Ireland's RESS 4 auction. Distribution is direct-to-enterprise, with no intermediary channel, and the company operates primarily in Germany and Ireland with stated ambition to deliver BESS projects "across Europe."

The business is supported by institutional capital, notably a EUR 65 million development bridge financing facility from Kommunalkredit Austria AG (2024) to fund an international green energy portfolio, and is led by CEO Andreas Hoffmann alongside co-founders Marius Kisauer (CFO) and Patrick Clemens (CTO). With 101-250 employees and a project-driven revenue model, Greencells' economics depend on a steady cadence of utility-scale contract wins; concentration risk is elevated given reliance on a small number of state-utility counterparties and auction processes.

Name

Greencells Group

Legal name

Greencells Group

Website

https://greencells.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Greencells Group is a German utility-scale renewable energy EPC contractor that develops, builds, operates, and finances solar PV and battery energy storage projects for state-owned utilities and large energy providers across Europe.

Ownership category

akta.pro rank

Product category

Renewable Energy EPC Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

akta.pro secondary industries

BESS EPC, Integration & Commissioning (EUAFAAAB), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)

Keywords

• Utility-scale solar EPC
• Battery energy storage systems
• Renewable energy construction
• Solar project development
• Green energy infrastructure

Headquarters

HQ city

Saarbrücken

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Solar EPC Contracts: Greencells generates revenue through engineering, procurement, and construction contracts for utility-scale solar installations. Revenue is project-based, earned as solar parks are designed, constructed, and commissioned.
2. Battery Storage EPC Services: Revenue from strategic alliance partnerships delivering turnkey battery energy storage projects across Europe. Services include system integration, installation, and commissioning of utility-scale BESS installations.

Go-to-market motion2 records

Distribution channels1 record

Core offering

Greencells Group develops, engineers, procures, constructs, and finances utility-scale solar photovoltaic (PV) projects and battery energy storage systems (BESS) for utilities and energy providers across international markets. The company provides full-scope EPC services including project development, construction, and commissioning, and combines its solar EPC capabilities with battery storage technology through a strategic alliance with Desay ESS for turnkey BESS solutions in Europe.

Product overview

Greencells Group is a renewable energy project developer and EPC (Engineering, Procurement, Construction) service provider specializing in utility-scale solar and battery energy storage projects. Their core offering consists of Turnkey Utility-Scale Battery Energy Storage Systems (delivered through their strategic alliance with Desay ESS) and Solar PV EPC Services. The company develops, engineers, procures, and constructs green energy projects across international markets, with a portfolio spanning solar parks and battery storage installations.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar PV EPC Services
• Turnkey Utility-Scale Battery Energy Storage Systems (BESS)

Quantifiable outcome

• 99MW combined solar capacity delivered through single project (Drombeg Solar Park)

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Desay ESSflagshipStrategic or Co-development Partner · 22 June 2026Desay ESS and Greencells Group entered into a strategic alliance to deliver turnkey utility-scale battery energy storage projects across Europe. The partnership combines Desay ESS's battery technology and energy storage expertise with Greencells' EPC capabilities and market access to provide complete BESS solutions.
• ESB (Electricity Supply Board)coreChannel Partner/ Reseller/ Distributor · 14 November 2025ESB (Electricity Supply Board), Ireland's state-owned electricity provider, engaged Greencells for EPC contracts on the Drombeg Solar Park project. Phase 1 comprises 50MW with Phase 2 adding 44MW, creating a combined 99MW installation representing one of Ireland's largest solar projects. The project was secured through Ireland's RESS 4 auction.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• JUWI GmbH: German renewable energy project developer with EPC capabilities across solar, wind, and hybrid projects in Europe. Comparable on utility-scale project development, EPC execution, and European geographic footprint.
• ABO Energy: German renewable energy developer and EPC for wind and solar projects across Europe. Comparable as a mid-sized European utility-scale renewables developer with EPC execution capability.
• BayWa r.e. Munich-headquartered developer and EPC for utility-scale solar and wind projects across Europe and globally. Directly comparable to Greencells in offering full-scope EPC services for utility-scale solar parks and hybrid storage projects.
• Enerparc AG: Hamburg-based utility-scale solar project developer and EPC contractor focused on European markets. Similar project-development-plus-EPC model serving large-scale solar installations.
• BELECTRIC Solar & Battery: German utility-scale solar PV and battery EPC contractor with strong European execution track record. Closely comparable on core EPC services, solar + storage integration, and European utility customer base.
• IBC Solar AG: German-based solar EPC and project developer serving utility and commercial customers across Europe. Comparable on PV EPC services, project development, and European geographic focus.

Broad incumbents

• Statkraft: Europe's largest generator of renewable energy, active in solar and wind project development and operations across multiple European markets. Comparable on utility-scale renewables execution, with much broader scale and asset base.
• Encavis AG: Larger German-listed operator and developer of utility-scale solar and wind parks across Europe. Comparable on utility-scale solar project ownership and operation, with broader portfolio and capital access than Greencells.
• EDP Renováveis: Global utility-scale renewables developer with significant European solar and wind pipeline. Comparable as a utility-scale solar developer/operator, though substantially larger and more geographically diversified than Greencells.
• SunPower Corporation: Established global solar technology and project company with utility-scale capabilities. Comparable on the broader utility-scale solar EPC and project delivery space, though with a different geographic emphasis.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

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 Greencells Group