Greening Group
Greening Group is a vertically integrated renewable energy platform listed on BME Growth, delivering solar EPC, energy commercialization, BESS/flexibility, biomethane, and PV recycling to commercial and industrial energy buyers across Spain, Italy, Germany, the USA, and Mexico.
- Company typePublic
- Founded2011
- HeadquartersGranada, Spain
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Greening Group does
Greening Group (GREENING GROUP GLOBAL, S.A.) is a Granada-headquartered, publicly listed (BME Growth) vertically integrated renewable energy platform serving commercial and industrial (C&I) energy buyers. Founded in 2011 at the University of Granada and incorporated in its current legal form in May 2020, the group operates across five countries and two continents with 501–1,000 employees and six branded divisions: Lidera Energía (energy commercialization/trading), GreenSol (US-focused solar EPC), Sun Support (PV operations/maintenance and distributed self-consumption products), Relive (photovoltaic panel recycling, in partnership with Tradebe), Twine (biomethane production from agricultural waste via alliance with Atlantica and Edison Next), and Enflexa (battery energy storage and demand flexibility services). Acquired brands include EiDF (solar self-consumption specialist, takeover closed February 2026 at 92.10% acceptance) and Energy Solar Tech (C&I energy services, public OPA announced May 2026 at ~EUR 85M valuation).
The group's business model combines project-based hardware EPC revenue (one-time contracts), recurring energy commercialization via Lidera Energía (wholesale market trading, PPAs, supply contracts), managed BESS/flexibility services, transaction-fee biomethane injection, and professional-services PV recycling. Under the 2026–2030 Strategic Plan, Greening targets more than EUR 139M in sales and EUR 35M EBITDA by 2030, funded by a fully subscribed EUR 30M capital increase (May 2026) and supported by selective M&A (EiDF, Energy Solar Tech), asset rotation (sale of US California/Virginia portfolio, June 2026), and geographic consolidation that prioritizes Spain and Italy while divesting non-core Mexico, Germany, and Morocco activities. Customers span automotive (Mercedes-Benz, SEAT, Ferrari), utilities (Naturgy, Endesa, Iberdrola, EDF, EDP, Uniper), retail/consumer (Amazon, Mercadona, Burger King), food and beverage (Covalco, Bachoco, Acesur), industrial gases (Linde), and real estate (VGP), with reference projects including a 21.5 MW Antequera-Casabermeja plant and a 102 MW Michigan EPC contract through Greensol.
Greening Group firmographics
Firmographics- Name
- Greening Group
- Legal name
- GREENING GROUP GLOBAL, S.A.
- Website
- https://greening-group.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Greening Group is a vertically integrated renewable energy platform listed on BME Growth, delivering solar EPC, energy commercialization, BESS/flexibility, biomethane, and PV recycling to commercial and industrial energy buyers across Spain, Italy, Germany, the USA, and Mexico.
- Ownership category
- akta.pro rank
Greening Group industry classification
Industry- Product category
- Renewable Energy Services
- NAICS
- Solar Electric Power Generation (221114), Biomass Electric Power Generation (221117), Electric Power Generation (22111)
- SIC
- Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industries
- Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ), C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs) (EUAGACAE), Energy Storage Components for Renewables Manufacturing (BESS Packs, PCS, Thermal Management) (EUAMAHAI)
Keywords
Where Greening Group is headquartered
LocationHeadquarters
- HQ city
- Granada
- HQ country
- Spain
- HQ region
- Europe
Offices14 records
Markets served
Greening Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- EPC (Engineering, Procurement & Construction): Greening designs, engineers, and constructs solar and energy installations for industrial customers. Revenue is earned through project-based construction contracts, including the Greensol U.S. EPC platform. This is a one-time/ project-based revenue stream, typically long-cycle with upfront engineering fees and milestone-based payments.
- Energy Commercialization / Power Trading: Greening commercializes energy to industrial customers via its Lidera Energía brand, trading electricity in wholesale markets and managing supply agreements including PPAs. Provides recurring commercial relationships with industrial energy buyers.
- Energy Flexibility and Storage Services: BESS and flexibility services that help industrial customers manage demand, optimize energy costs, and support grid stability. Revenue model may include managed services contracts and performance-based arrangements.
- Biomethane (Twine): Production and injection of biomethane into the gas grid from agricultural waste streams. Greening is developing biomethane infrastructure via alliance with Atlantica and Edison Next, supporting circular economy and gas grid decarbonization.
- PV Recycling (Relive): End-of-life management and recycling of photovoltaic panels, creating value from decommissioned solar assets and supporting sustainability mandates for industrial customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B project-based energy solutions (EPC, supply, flexibility) — pricing on request |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Greening Group product offering
Product offeringCore offering
Greening Group operates a vertically integrated renewable energy platform for commercial and industrial customers. Core offerings include photovoltaic generation, solar self-consumption engineering procurement and construction (EPC), energy supply and power purchase agreements (PPAs) via its Lidera Energía commercialization brand, battery energy storage and grid flexibility services (Enflexa), biomethane production from agricultural waste (Twine), and end-of-life photovoltaic panel recycling (Relive). The company executes multi-megawatt solar and storage projects for industrial off-takers across Spain, Italy, Germany, the United States, and Mexico.
Product overview
Greening Group is an integrated energy platform offering solutions across the full value chain: photovoltaic generation, energy storage, industrial self-consumption, energy trading/commercialization, flexibility services, biomethane production, and PV panel recycling. The portfolio consists of six primary operating divisions: Lidera Energía (energy sales), GreenSol (US EPC), Sun Support (O&M), Relive (recycling), Twine (biometano), and Enflexa (flexibility). Acquired brands include EiDF (solar self-consumption) with ongoing acquisition of Energy Solar Tech (C&I energy services). The company operates across Spain, Italy, Germany, Mexico, and the USA, targeting industrial clients with integrated renewable energy solutions.
Differentiator
Problem solved
Functional benefit
Brands
- GreenSol: U.S. platform specialized in solar engineering, procurement, and construction (EPC) services, operating in the U.S. market for industrial and corporate energy demand.
- Lidera Energía
- Enflexa
- Twine
- Relive
- Sun Support
Products and services
- Lidera Energía Energy commercialization platform enabling industrial clients to procure and manage renewable energy supply through PPAs and bilateral supply agreements. Trades electricity in wholesale markets and manages energy supply for industrial buyers.
- GreenSol U.S.-based engineering, procurement, and construction (EPC) platform specialized in solar project execution for industrial and corporate energy demand in the North American market. Executes multi-megawatt projects including a 102 MW Michigan contract and an 82 MW Indiana project.
- Sun Support Product division offering distributed solar self-consumption solutions and operations and maintenance services for installed photovoltaic systems. Targets mid-market commercial customers via direct sales and energy service companies.
- Relive End-of-life photovoltaic panel recycling service enabling circular economy in solar energy, operated in partnership with Tradebe Environmental Services. Targets solar project operators and asset owners requiring compliant decommissioning.
- Twine (Biomethane) Biomethane division developing agricultural and livestock waste valorization projects via anaerobic digestion to produce renewable gas for injection into the gas network. First project: Palacios de Goda plant in Ávila, Spain, capable of supplying ~8,000 households annually.
- Enflexa Energy flexibility and storage services platform enabling demand response, battery energy storage (BESS), peak shaving, renewable integration, and grid stabilization services for industrial customers. Revenue model includes managed services contracts and performance-based arrangements.
- Industrial Solar EPC (Greening) Engineering, procurement, and construction of industrial-scale solar self-consumption installations, including solar power, battery storage, and electrical infrastructure for industrial customers across Spain, Italy, Germany, and the United States. Reference projects include the 21.5 MWp Antequera-Casabermeja plant in Málaga.
Quantifiable outcome
- ~100,000 tonnes of CO2 avoided to the atmosphere
- +3 more outcomes
Companies that use Greening Group
Customer profileNamed customers27 records
Segments4 records
Ideal customer profiles3 records
Greening Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
Greening Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Heelstone Renewable Energy / Qualitas EnergyminorHeelstone Renewable Energy (part of Qualitas Energy) is the project developer for the 102 MW Michigan solar EPC contract executed by Greening's U.S. platform GreenSol. Greening is executing EPC alongside an 82 MW project in Indiana. Greening also sold a solar portfolio to an international energy investor, retaining EPC execution through GreenSol.
- Energy Solar TechcoreGreening launched a public takeover offer (OPA) for Energy Solar Tech, valued at ~EUR 85M (41% premium). Energy Solar Tech brings C&I energy services including solar power, battery storage, electrical infrastructure, and modular data center solutions, with factories in A Coruña and León and 2025 revenue of EUR 81.2M.
- AtlanticacoreStrategic alliance with Atlantica and Edison Next to develop biomethane projects in Spain. First project: Palacios de Goda plant in Ávila, converting agro-livestock waste into renewable biomethane for injection into the gas grid, supplying ~8,000 households. The alliance is developing a portfolio of biomethane projects across Spain.
- Edison NextcoreStrategic alliance with Atlantica and Edison Next to develop biomethane projects in Spain. First project: Palacios de Goda plant in Ávila, converting agro-livestock waste into renewable biomethane for injection into the gas grid, supplying ~8,000 households. The alliance is developing a portfolio of biomethane projects across Spain.
Scale indicators12 records
Recent moves8 records
Expansion highlights6 records
Greening Group competitors and assessment
Company assessmentDirect peers
- Lightsource bp: Global solar PV developer and IPP with European operations including Spain and Italy and active in C&I solar EPC and PPA structuring. Comparable to Greening's industrial-scale solar EPC plus PPA monetization model, though with materially larger capital backing.
- Audax Renovables: Spanish renewable energy retailer and IPP active across Iberia and Europe, combining generation, supply and energy services for C&I customers. Directly comparable to Greening's Lidera Energía commercialization plus generation platform and similar Iberian retail-supply footprint.
- Sonnedix: Global solar IPP operating a multi-GW portfolio across Europe including Spain, Italy, France and Germany. Comparable to Greening's IPP + EPC rotation model, particularly its European-wide geographic strategy across the same priority markets.
- Solaria Energía y Medioambiente: Madrid-listed Spanish solar PV developer and generator with both IPP and energy supply activities. Closely comparable to Greening as a Spanish BME Growth-listed solar PV platform pursuing industrial/C&I customers and self-consumption alongside utility-scale generation.
- Grenergy: Spanish vertically integrated renewable energy developer focused on utility-scale solar PV and BESS across Europe, Latin America and the US. Highly comparable to Greening in geographic footprint (Spain-headquartered, multi-region) and product mix (PV development + storage), and notably the former employer of Greening's CEO Pablo Otín.
- Solarpack (Viscaria/Opdenergy): European solar PV utility-scale developer and IPP with presence in Iberia, Italy and the Americas. Comparable to Greening in solar EPC execution, IPP ownership and Iberian/Italian market prioritization post recent strategic pivot.
- Cero Generation: European solar PV developer and IPP backed by Macquarie Asset Management, focused on utility-scale and C&I projects across Western Europe including Spain and Italy. Directly comparable to Greening's solar development + EPC + asset rotation model.
Broad incumbents
- Enel Green Power: Global renewable energy subsidiary of Enel Group with utility-scale solar, wind, storage and energy supply activities across Iberia, Italy and the Americas. Broader incumbent competitor to Greening in Spanish and Italian C&I renewable supply and solar EPC.
- ENGIE: Global energy major with substantial renewable generation, BESS, C&I energy services and biomethane/gas activities across Iberia and Europe. Broad incumbent competitor across Greening's generation, supply, flexibility and biomethane verticals; former employer of Greening's CLO.
- Acciona Energía: Iberian-headquartered global renewable energy major (wind, solar, BESS, hydrogen) listed as a pure-play. Overlaps with Greening across solar generation, storage and C&I supply, but operates a substantially broader and larger portfolio across multiple technologies and geographies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Greening Group social profiles
Digital presenceGreening Group compliance and trust
Trust signalCompliance1 record
Greening Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Greening Group leadership team
Management profileNumber of profiles
Profiles20 records
Greening Group subsidiaries and ownership
Company hierarchySubsidiaries9 records
Greening Group funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Greening Group M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Greening Group
What does Greening Group do?
Greening Group operates a vertically integrated renewable energy platform for commercial and industrial customers. Core offerings include photovoltaic generation, solar self-consumption engineering procurement and construction (EPC), energy supply and power purchase agreements (PPAs) via its Lidera Energía commercialization brand, battery energy storage and grid flexibility services (Enflexa), biomethane production from agricultural waste (Twine), and end-of-life photovoltaic panel recycling (Relive). The company executes multi-megawatt solar and storage projects for industrial off-takers across Spain, Italy, Germany, the United States, and Mexico.
Is Greening Group a public or private company?
Greening Group is a public company. It is classified as public and is currently operating.
When was Greening Group founded?
Greening Group was founded in 2011. It employs 501 to 1,000 people.
Where is Greening Group based?
Greening Group is headquartered in Granada, Spain, in the Europe region.
How does Greening Group make money?
Five revenue lines are on record. EPC (Engineering, Procurement & Construction) is the primary driver. The others are energy Commercialization / Power Trading, energy Flexibility and Storage Services, biomethane (Twine) and PV Recycling (Relive).
Who are Greening Group's main competitors?
Direct peers on record are Lightsource bp, Audax Renovables, Sonnedix, Solaria Energía y Medioambiente, Grenergy, Solarpack (Viscaria/Opdenergy) and Cero Generation. Broad incumbents are Enel Green Power, ENGIE and Acciona Energía.
Does Greening Group have an API?
No public API is recorded for Greening Group.
What industry is Greening Group in?
Greening Group's product category is Renewable Energy Services. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of IMAFALAJ, Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging). Its NAICS code is 221114 and its SIC code is 4900.