Enel Green Power Hellas

Name

Enel Green Power Hellas

Legal name

Enel Green Power S.p.A.

Website

https://enelgreenpower.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111), Geothermal Electric Power Generation (221116)

SIC

Electric Services (4911)

akta.pro primary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

akta.pro secondary industries

Utility-Scale Power Generation Asset Management (EUAEAMAA), Energy Storage Components for Renewables Manufacturing (BESS Packs, PCS, Thermal Management) (EUAMAHAI), DER & Microgrid Interconnection / Grid Edge Integration Services (EUAEANAF)

Keywords

• Renewable energy generation
• Wind power plants
• Solar photovoltaic plants
• Battery energy storage
• Power purchase agreements

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy Generation & Sale: Ownership and operation of renewable energy plants (wind, solar, hydro, geothermal) generating electricity sold under PPAs, regulated tariffs, or on wholesale markets. Primary revenue driver representing the core business.
2. Power Purchase Agreements (PPAs): Long-term contracts with corporate, governmental, and utility customers to supply renewable electricity, providing stable recurring revenue and energy attribute certificates (RECs, GO, i-RECs).
3. Asset Management & O&M Services: Operations and maintenance services and asset management for owned and third-party renewable plants, generating fee-based revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Enel Green Power Hellas owns and operates utility-scale renewable energy generation assets in Greece, including wind farms and solar photovoltaic plants, selling electricity under long-term Power Purchase Agreements (PPAs), regulated tariffs, and wholesale market arrangements. The company also integrates Battery Energy Storage Systems (BESS) and hybrid configurations to deliver dispatchable clean energy. As part of Enel Green Power's global platform, it benefits from AI-driven plant monitoring, predictive battery diagnostics, repowering capabilities, and the vertically integrated 3Sun HJT solar panel technology.

Product overview

Enel Green Power operates as a comprehensive renewable energy platform managing approximately 68 GW of global capacity. The company offers an integrated portfolio of renewable energy products including solar photovoltaic plants, wind farms, hydroelectric facilities, and geothermal energy systems. The core offering includes utility-scale power generation assets combined with battery energy storage solutions and hybrid plant configurations. Through 3Sun, they manufacture advanced HJT bifacial solar panels. The company provides Power Purchase Agreements (PPAs) enabling businesses to source renewable energy, while emerging initiatives in green hydrogen (NextHy) and hybrid renewable-storage plants round out the portfolio. With presence across 19 countries including Greece, the company serves commercial, industrial, and utility customers seeking sustainable energy solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Farms Onshore wind energy facilities that harness wind power through turbine generators to produce electricity, including the flagship Kafireas wind farm in Greece. Electricity is sold under PPAs, regulated tariffs, or wholesale market arrangements.
• Solar Power Plants Utility-scale photovoltaic power plants that generate electricity from sunlight, including ground-mounted and agrivoltaic installations managed by Enel Green Power Hellas in Greece.
• Hydroelectric Power Plants Hydropower facilities including conventional dams, run-of-river, and pumped storage that generate electricity from water flow, operated as part of the Enel Green Power renewable portfolio.
• Geothermal Energy Plants Geothermal power facilities that extract heat from underground steam reservoirs to generate electricity, operated particularly in Tuscany, Italy, within the Enel Green Power portfolio.
• Battery Energy Storage Systems (BESS) Large-scale battery storage systems integrated with renewable plants to store excess energy, address intermittency, and provide grid stability and ancillary services.
• Hybrid Power Plants Combined renewable facilities integrating multiple energy sources (e.g., solar with storage, wind with hydro) for optimized generation and dispatchable clean power output.
• Power Purchase Agreements (PPAs) Long-term contracts typically spanning 10 to 20 years that enable businesses and institutions to purchase renewable energy directly from Enel Green Power, bundled with renewable energy certificates (RECs, GO, i-RECs).
• 3Sun Solar Panel Manufacturing Italian manufacturing facility producing photovoltaic panels including HJT (heterojunction) bifacial solar panels, providing vertical integration for solar technology within the Enel Green Power platform.
• Green Hydrogen Production Green hydrogen production initiatives including the NextHy platform in Sicily focused on commercializing sustainable hydrogen technology, operated within the Enel Green Power platform.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Six partnerships are on record, tiered flagship, core and minor.

• Masdar (UAE)flagshipStrategic or Co-development Partner · 2 October 2025Enel and Masdar completed a partnership agreement signed in March 2025 for 446 MW of photovoltaic plants operating in Spain. This is a co-ownership/joint venture arrangement for Spanish solar assets.
• Cetasa (Spain)coreStrategic or Co-development Partner · 31 July 2025Enel Group acquired 62.5% of Cetasa, a Spanish wind company, increasing consolidated wind capacity in Spain by 99 MW. This strengthens EGP's wind portfolio in the Spanish market.
• US Renewable Energy Partners (unnamed)coreStrategic or Co-development Partner · 26 May 2025Enel signed an agreement allowing the Group to increase consolidated renewable capacity in the US by 285 MW, expanding the North American portfolio through asset swaps or acquisitions.
• University of Napoli Federico IIminorStrategic or Co-development Partner · 1 September 2024Enel Green Power partnered with the University of Napoli Federico II to use 3D concrete printing for constructing industrial buildings and electrical equipment foundations in seismic zones at the BESS within the Alessandro Volta plant — a first in Italy to receive seismic approval.
• ORMAT (USA)coreStrategic or Co-development Partner · 23 October 2023Enel signed an agreement to sell a geothermal and solar portfolio in the United States to ORMAT, a leading geothermal and renewable energy company, streamlining the US asset portfolio.
• INPEX Corporation (Japan)flagshipStrategic or Co-development Partner · 29 September 2023Enel finalized a joint venture deal with INPEX Corporation by selling 50% of Enel Green Power Australia. The JV develops and operates Australian renewable energy projects.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Iberdrola: Global multi-technology renewables utility with major presence in Europe (including Greece). Iberdrola competes head-to-head with EGP in onshore wind, solar, and hybrid/storage projects, and operates a similar enterprise PPA-led business model.
• EDP Renováveis (EDPR): One of the world's largest wind and solar IPPs with a strong European footprint. EDPR shares EGP's multi-technology platform, utility-scale development approach, and PPA-centric customer strategy, making it a direct comparable for asset and growth metrics.
• RWE Renewables: European-headquartered multi-technology renewables developer and operator with onshore/offshore wind, solar and storage. RWE's portfolio approach, hybrid solutions, and PPA-based contracting closely mirror EGP's positioning in Greece and Southern Europe.
• Engie: Global utility with a large renewables arm (onshore wind, solar, hydro, storage) operating across Europe and emerging markets. Engie targets the same corporate PPA and utility-scale customer segments as EGP, with comparable technology diversification.
• EDF Renewables: Subsidiary of French utility EDF active in onshore/offshore wind, solar PV and storage globally. EDF Renewables shares EGP's enterprise PPA model, multi-technology scope, and strategic focus on Southern European markets including Greece-adjacent geographies.
• AES Corporation: Global IPP with significant wind, solar and battery storage capacity and an enterprise PPA business targeting corporates. AES competes with EGP in multi-technology renewables contracting and storage-led hybrid solutions in European and international markets.
• Terna Energy: Greek-headquartered renewables developer and operator with wind, hydro and solar assets across Greece and the Balkans. Terna Energy is the most direct Greek-domestic comparable to EGP Hellas, competing in the same auctions, grid zones, and PPA opportunities.

Broad incumbents

• NextEra Energy Resources: World's largest wind and solar generator by capacity, operating a multi-technology renewables platform with significant storage investments. While primarily North American, it serves as the global benchmark for EGP on scale, cost, and operational efficiency in utility-scale renewables.

Regional players

• MYTILINEOS Energy & Metals: Greek industrial conglomerate with a fast-growing renewables development arm active in solar, storage and hybrid projects across Greece and the wider Mediterranean. MYTILINEOS competes with EGP Hellas for Greek utility-scale renewable assets and PPA contracts.
• Public Power Corporation (PPC / ΔΕΗ): Greek state-controlled incumbent utility undergoing a major renewables pivot, including lignite-to-renewables conversion. PPC is both a potential customer and competitor to EGP Hellas in Greek renewable generation, grid services, and retail supply.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/enel_green_power

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

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 Enel Green Power Hellas