Enel Green Power

What Enel Green Power does

Enel Green Power S.p.A., established in December 2008, is the dedicated renewable energy platform of Enel S.p.A. and operates approximately 68 GW of renewable capacity across 30+ countries, making it the world's largest renewable energy company by installed capacity. Its portfolio spans four core generation technologies — solar, wind, hydroelectric, and geothermal — supplemented by grid-scale battery energy storage systems (BESS), agrivoltaics pilots, and predictive diagnostics software. It also owns 3Sun, Europe's largest solar gigafactory in Catania, Italy, which produces high-efficiency heterojunction bifacial PV modules and is scaling from 200 MW to 3 GW capacity.

The company generates revenue primarily through long-term Power Purchase Agreements (PPAs) with large enterprises and utilities, supplemented by merchant sales, circular-economy services under its New Life program (which has generated approximately €100 million in economic value since 2020), and selective asset divestitures to financial investors such as Masdar, Sonnedix, and ORMAT. Named off-takers include Meta, BHP, Bavaria, and Mondelēz, alongside a broader base of utilities, industrial customers, and public-sector counterparties. GTM motion is enterprise-led, with regional subsidiaries (e.g., Enel Green Power North America, Enel Green Power Chile, Enel Green Power Germany GmbH) handling local development, sales, and operations, and joint ventures such as Potentia Energy (50/50 with INPEX Corporation in Australia) enabling shared asset ownership.

Operationally, Enel Green Power combines utility-scale project development, construction, and O&M with proprietary technology — including the 3Sun HJT manufacturing line, water-free robotic PV cleaning, and hybridization of solar, wind, hydro, and storage at single sites — to deliver dispatchable renewable generation. Capital intensity is high: the company has earmarked approximately €20 billion for renewable investment over 2026-2028 (an €8 billion upward revision) within a broader €53 billion Enel capex program targeting 80+ GW installed capacity by 2028.

Name

Enel Green Power

Legal name

Enel Green Power S.p.A.

Website

https://enelgreenpower.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Enel Green Power is the renewable energy platform of Enel S.p.A., managing ~68 GW of solar, wind, hydro, and geothermal capacity across 30+ countries. It develops, builds, and operates utility-scale renewable plants and sells electricity through long-term PPAs to enterprises, utilities, and governments worldwide.

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

Utility-Scale Power Generation Asset Management (EUAEAMAA)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Renewable Energy Infrastructure (FSAAAKAG)

Keywords

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

Headquarters

HQ city

Andover

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy Generation & Sale: Enel Green Power generates electricity from its portfolio of renewable energy plants (solar, wind, hydro, geothermal) and sells electricity to utilities, businesses, and residential customers through Power Purchase Agreements (PPAs) and merchant sales.
2. Asset Divestitures and Portfolio Sales: Strategic sale of operational renewable energy assets and portfolios to financial investors and strategic buyers, generating capital for reinvestment. Examples include sale of 446MW Spanish portfolio to Masdar, Chilean PV portfolio to Sonnedix, and US geothermal/solar portfolio to ORMAT.
3. New Life Circular Economy Program: Revenue generated from reuse, reselling, and recycling of materials and equipment from renewable plants, supporting sustainability while reducing operational costs. Generated approximately €100 million in economic value since 2020.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Enel Green Power develops, builds, and operates utility-scale renewable energy generation plants across solar, wind, hydroelectric, and geothermal technologies, managing approximately 68 GW of capacity in 30+ countries. It sells the electricity generated to utilities, corporations, and governments primarily through long-term Power Purchase Agreements (PPAs), and manufactures heterojunction solar modules through its 3Sun gigafactory.

Product overview

Enel Green Power operates as a comprehensive renewable energy platform managing approximately 68 GW of installed capacity across the globe, making it the world's largest renewable energy company. The platform offers an integrated portfolio combining solar (including 3Sun heterojunction manufacturing), wind, hydroelectric, and geothermal generation assets, supplemented by battery energy storage systems (BESS), agrivoltaics solutions, and predictive diagnostics technology. The company provides corporate power purchase agreements (PPA) for renewable energy procurement and operates circular economy programs for equipment lifecycle management. Core products span utility-scale power plants across multiple technologies, while 3Sun serves as the manufacturing arm producing bifacial heterojunction solar modules at Europe's largest solar gigafactory.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Power Plants Utility-scale photovoltaic installations across multiple countries including Italy, Spain, Colombia, Brazil, Chile, and the United States, ranging from distributed systems to large centralized plants exceeding 600 MW.
• Wind Power Plants Onshore and offshore wind farm operations across North America, Europe, and South America, including projects in North Dakota, Oklahoma, Texas, Spain, Italy, and Germany.
• Hydroelectric Power Plants Conventional and pumped-storage hydroelectric facilities, including the Domenico Cimarosa plant in Italy and hybrid projects combining hydro with solar and storage such as the Venaus plant.
• Geothermal Energy Plants Geothermal power generation facilities including the Bagnore 4 plant in Tuscany, Italy, which operates two turbines powered by approximately 120 metric tons of steam per hour.
• Battery Energy Storage Systems (BESS) Grid-scale battery storage solutions enabling hybridization of renewable plants, grid stabilization, and enhanced energy dispatch. Includes projects such as Azabache BESS (94 MW/372 MWh) and BESS Las Salinas.
• 3Sun Heterojunction Solar Modules Bifacial heterojunction (HJT) photovoltaic modules manufactured at Europe's largest solar gigafactory in Catania, Italy, through the 3Sun subsidiary, expanding capacity from 200MW to 3GW.
• Agrivoltaics Solutions Dual-use solar farming technology combining photovoltaic power generation with agricultural activities, exemplified by the Salaparuta vineyard project in Sicily under the Agrivoltaico Open Labs initiative.
• Power Purchase Agreements (PPA) Corporate renewable energy procurement contracts enabling businesses and utilities to source clean electricity from Enel Green Power's portfolio, with examples including agreements with Bavaria in Colombia and Meta in Oklahoma.
• New Life Circular Economy Program Reuse, reselling, and recycling program for materials and equipment from renewable plants, supporting sustainability while reducing operational costs. Generated approximately €100 million in economic value since 2020.

Quantifiable outcome

• Approximately 68 GW of renewable capacity managed globally
• +4 more outcomes

Named customers4 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

AI capability3 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core.

• RES4Africa FoundationcoreStrategic or Co-development Partner · 1 May 2026RES4Africa Foundation leads the RAISEAfrica 2026 accelerator programme for African renewable energy startups, with support from Enel Green Power and the European Investment Bank. Selected startups receive mentorship, networking, fundraising support, and €3,000 entry contribution.
• BHPcoreStrategic or Co-development Partner · 6 March 2026BHP entered into a renewable PPA with Enel Green Power as part of cross-sector sustainability alliances between mining companies and renewable energy developers to meet decarbonization demands.
• MasdarcoreStrategic or Co-development Partner · 3 October 2025UAE-based Masdar acquired 446 MW of photovoltaic plants operating in Spain from Enel Green Power as part of a partnership agreement signed in March 2025, with completion achieved in October 2025.
• INPEX CorporationcoreStrategic or Co-development Partner · 6 February 2025Joint venture Potentia Energy (50/50 between Enel Green Power and INPEX) operates over 800MW of renewable energy assets in Australia. JV completed acquisition of 1.2GW renewables portfolio including wind, solar, and battery storage assets.
• Waaree EnergiescoreStrategic or Co-development Partner · 13 January 2025Waaree Energies acquired 100% of Enel Green Power India Private Limited for ₹792 crores (approximately $91.9 million), including 640 MWAC of solar and wind projects and a project pipeline of approximately 2.5 GW.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Iberdrola Renewables: Iberdrola's renewable energy arm operates a multi-technology global wind, solar, hydro, and storage portfolio competing head-to-head with EGP in Europe, the US, and LatAm for utility-scale projects and corporate PPAs at comparable gigawatt scale.
• Engie (Renewables): Engie's renewables business is a global multi-technology developer/operator (wind, solar, hydro, storage) and a direct competitor for utility-scale renewable PPAs and project development, with similar geographic diversification across Europe, the Americas, and Africa.
• EDF Renewables: EDF Renewables operates a global wind, solar, and storage portfolio under the EDF parent, with comparable utility-scale IPP focus, BESS hybridization, and a Mediterranean/European competitive overlap with EGP, particularly in France and Iberia.
• NextEra Energy Resources: NextEra Energy Resources is the world's largest wind and solar operator with multi-technology utility-scale generation and energy storage, the most direct global competitor to EGP for scale, financing terms, and corporate PPA market share.
• Ørsted: Ørsted is a leading global offshore wind and onshore renewables developer with comparable multi-technology utility-scale footprint, hybrid renewable-plus-storage offerings, and corporate PPA structuring capabilities.
• Acciona Energía: Acciona Energía is a pure-play global renewable IPP with significant wind and solar capacity in Iberia, LatAm, and other markets, competing directly with EGP for project pipelines, corporate PPAs, and BESS/hybridization leadership.
• EDP Renewables (EDPR): EDP Renewables is a multi-technology global wind and solar developer with strong overlap in Iberia, the Americas, and Europe, and direct competition for utility-scale renewable projects and corporate PPAs.
• AES Corporation: AES is a global power generation and utilities company with substantial renewable and energy storage operations across the Americas, directly comparable to EGP in scale, BESS deployment, and corporate PPA procurement.
• RWE Renewables: RWE's renewables and development arm operates a global offshore/onshore wind, solar, and storage portfolio competing with EGP in Europe and the Americas for utility-scale projects, hybridization, and PPA offtake.
• Statkraft: Statkraft is Europe's largest generator of renewable energy and a leading global hydropower operator with growing wind and solar exposure, competing with EGP in European wholesale markets and Nordic/Mediterranean geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enel Green Power