Greenalia S.A.
Greenalia S.A. is a Spanish Independent Power Producer operating a multi-technology renewable energy platform across wind, solar, biomass, storage, hydrogen, and e-fuels, selling electricity via PPAs, renewable auctions, and wholesale markets in Spain and the United States.
- Company typePrivate
- Founded2015
- HeadquartersA Coruña, Spain
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Greenalia S.A. does
Greenalia S.A. is a Spanish Independent Power Producer (IPP) that operates exclusively with renewable technologies under a Develop&Own business model. Founded as a 100% Galician renewable-energy company and headquartered in A Coruña, Spain, it generates and sells renewable electricity across seven technology platforms: onshore wind, offshore wind, solar photovoltaic, biomass, battery energy storage systems (BESS), green hydrogen, and e-fuels. Its most prominent operational asset is the Curtis-Teixeiro biomass plant (50MW, €135M invested), the largest forest biomass generation facility in Southern Europe, which now anchors a biogenic CO2 capture initiative making 600,000 tonnes of CO2 per year available for synthetic fuel production. The group operates with 124.6MW of installed operational capacity (multiple wind farms in Galicia plus the biomass plant) and a development pipeline exceeding 3GW across Spain and the United States.
The company monetizes generated power through three channels: long-term Power Purchase Agreements (PPAs) with industrial consumers, regulated Spanish renewable energy auctions, and direct wholesale-market sales to grid operators. It also derives fee income from operation & maintenance (O&M) supervision and asset-management services for third-party renewable assets, and uses selective asset rotation to recycle capital into new projects. In FY2023, Greenalia reported revenue of €95.9M (+1% YoY) and EBITDA of €67.9M (+4.3% YoY), exporting 558,836 MWh to the grid (+11% YoY) and avoiding 237,300 tonnes of CO2 emissions. The customer mix centers on energy/utility off-takers and grid operators, with industrial energy consumers served through PPAs to meet sustainability mandates.
Geographic footprint now spans Spain and the United States. The US subsidiary Excel Advantage Services, LLC executes the 430MW MISAE II solar project in Texas, which began energy sales in July 2025 with four PPAs covering 70% of production and is expected to generate ~$60M annual revenue and >$50M EBITDA at full ramp. Capital structure is concentrated, with Smarttia SLU holding 94% and Alazady España S.L. 6%, and the company issued its first €50M Nordic Green Bond in November 2025 after obtaining the highest "Best Practice" SPO rating from EthiFinance on its Green Financing Framework.
Greenalia S.A. firmographics
Firmographics- Name
- Greenalia S.A.
- Legal name
- GREENALIA, S.A.
- Website
- https://greenalia.es
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Greenalia S.A. is a Spanish Independent Power Producer operating a multi-technology renewable energy platform across wind, solar, biomass, storage, hydrogen, and e-fuels, selling electricity via PPAs, renewable auctions, and wholesale markets in Spain and the United States.
- Ownership category
- akta.pro rank
Greenalia S.A. industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Electric Power Generation (22111), Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Wind Electric Power Generation (221115)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE), Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK)
Keywords
Where Greenalia S.A. is headquartered
LocationHeadquarters
- HQ city
- A Coruña
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
Greenalia S.A. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Energy Production and Sale: As an Independent Power Producer (IPP), Greenalia generates revenue by producing and selling renewable energy through multiple channels: direct market sales, participation in renewable energy auctions, and Power Purchase Agreements (PPAs). The company maintains 100% renewable energy production sales.
- O&M and Asset Management Services: Provides operation and maintenance supervision services and asset monitoring activities for renewable energy assets.
- Asset Rotation: The company rotates less strategic assets to obtain resources for driving new project developments, optimizing portfolio value.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Greenalia S.A. product offering
Product offeringCore offering
Greenalia S.A. is a Spanish Independent Power Producer (IPP) that develops, owns, and operates a multi-technology renewable energy platform spanning onshore wind, offshore wind, solar photovoltaic, biomass, battery energy storage systems (BESS), green hydrogen, and e-fuels. The company operates under a Develop & Own model, generating and selling clean electricity to industrial consumers, utilities, and grid operators through power purchase agreements (PPAs) and wholesale markets.
Product overview
Greenalia S.A. is a multi-technology renewable energy company operating a Develop&Own business model. The company operates six distinct technology platforms: Onshore Wind, Offshore Wind, Solar Power (Photovoltaic), Biomass (including the Curtis-Teixeiro 50MW plant), Battery Energy Storage Systems (BESS), and Green Hydrogen. Additionally, the company has developed an E-Fuels production capability using biogenic CO2 capture. These technologies are integrated through a vertical strategy covering project development, financing, construction, energy production, sale through IPP modality (market sales, renewable auctions, PPAs), and asset management services. Greenalia operates primarily in Spain and the United States.
Differentiator
Problem solved
Functional benefit
Products and services
- Onshore Wind Power Generation
- Offshore Wind Power Generation
- Solar Photovoltaic Power Generation
- Curtis-Teixeiro Biomass Power Plant
- Battery Energy Storage Systems (BESS)
- Green Hydrogen Production
- E-Fuels Production
Quantifiable outcome
- 237,300 tonnes CO2 avoided annually through renewable energy production
- +4 more outcomes
Companies that use Greenalia S.A.
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles1 record
Greenalia S.A. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Greenalia S.A. partnerships and signals
Strategic signalScale indicators11 records
Recent moves7 records
Expansion highlights6 records
Greenalia S.A. competitors and assessment
Company assessmentBroad incumbents
- Enel Green Power: Global multi-technology renewable developer (parent Enel) active across wind, solar, storage and green hydrogen in Europe and the Americas; broad incumbent competing on similar auctions and PPA structures.
- Brookfield Renewable Partners: Global multi-technology renewable IPP operating hydro, wind, solar and storage across the Americas, Europe and Asia; relevant broad incumbent for Greenalia's diversification trajectory and offshore wind ambitions.
- Iberdrola: Global utility major with the largest renewable generation portfolio in Spain via Iberdrola Renovables; competes for the same Iberian corporate PPAs, auction allocations and US wind/solar sites but at vastly larger scale.
- NextEra Energy Resources: World's largest renewable IPP operator with utility-scale wind, solar and storage in the US and abroad; the benchmark Texas solar and US PPA market participant against which MISAE II competes for capacity and offtakers.
- Clearway Energy Group: US-listed renewable IPP with utility-scale wind, solar and battery storage assets and a long-term contracted cash flow model; comparable in that it sells renewable output under corporate PPAs in the same US market Greenalia has entered via MISAE II.
Direct peers
- Acciona Energía: Spanish-listed multi-technology renewable IPP with wind, solar, hydro, biomass and storage; the closest Iberian large-cap analogue to Greenalia's diversified develop-and-own platform, though materially larger and more geographically diversified.
- Solaria Energía y Medio Ambiente: Spanish pure-play solar PV developer/IPP generating revenue through PPAs, auctions and direct market sales; smaller scale than Greenalia but a close Iberian solar IPP peer with overlapping customer base.
- Grenergy Renovables: Iberian renewable IPP focused on utility-scale solar PV and wind with operations expanding into Latin America; a direct competitor for Spanish and increasingly US project pipelines with similar multi-technology ambitions.
- Audax Renovables: Spanish renewable IPP and energy retailer with wind and solar generation across Iberia; comparable in scale and GTM (PPAs, auctions, direct market sales) and competes for similar Spanish industrial off-takers.
- EDP Renováveis (EDPR): Portugal-headquartered global renewable IPP with significant Iberian wind/solar operations; directly comparable Develop&Own model serving European and US markets with corporate PPAs and auction participation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Greenalia S.A. social profiles
Digital presenceGreenalia S.A. compliance and trust
Trust signalCompliance6 records
Greenalia S.A. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Greenalia S.A. leadership team
Management profileNumber of profiles
Profiles7 records
Greenalia S.A. subsidiaries and ownership
Company hierarchySubsidiaries1 record
Greenalia S.A. funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Greenalia S.A. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Greenalia S.A.
What does Greenalia S.A. do?
Greenalia S.A. is a Spanish Independent Power Producer (IPP) that develops, owns, and operates a multi-technology renewable energy platform spanning onshore wind, offshore wind, solar photovoltaic, biomass, battery energy storage systems (BESS), green hydrogen, and e-fuels. The company operates under a Develop & Own model, generating and selling clean electricity to industrial consumers, utilities, and grid operators through power purchase agreements (PPAs) and wholesale markets.
Is Greenalia S.A. a public or private company?
Greenalia S.A. is a private company. It is classified as family owned and is currently operating.
When was Greenalia S.A. founded?
Greenalia S.A. was founded in 2015. It employs 51 to 100 people.
Where is Greenalia S.A. based?
Greenalia S.A. is headquartered in A Coruña, Spain, in the Europe region.
How does Greenalia S.A. make money?
Three revenue lines are on record. Energy Production and Sale is the primary driver. The others are O&M and Asset Management Services and asset Rotation.
Who are Greenalia S.A.'s main competitors?
Broad incumbents on record are Enel Green Power, Brookfield Renewable Partners, Iberdrola, NextEra Energy Resources and Clearway Energy Group. Direct peers are Acciona Energía, Solaria Energía y Medio Ambiente, Grenergy Renovables, Audax Renovables and EDP Renováveis (EDPR).
Does Greenalia S.A. have an API?
No public API is recorded for Greenalia S.A..
What industry is Greenalia S.A. in?
Greenalia S.A.'s product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAMAAAE, Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy). Its NAICS code is 22111 and its SIC code is 4911.