What Elmya does

Elmya is a privately held Spanish renewable energy infrastructure company founded in 1966 in Seville, operating globally across three specialized business divisions. Elmya EPC delivers engineering, procurement, construction, and long-term operations and maintenance of utility-scale solar photovoltaic (PV), battery energy storage systems (BESS), and high-voltage transmission and distribution (T&D) infrastructure — including substations and overhead/underground lines up to 132 kV. Elmya Instalaciones handles industrial and commercial electrical installations plus PV self-consumption systems for retail, industrial and agricultural clients. Elmya Energy is the project development arm targeting 7 GW of solar, BESS and green hydrogen connections in Europe, with development pipelines in Spain, Portugal, UK, Italy, Greece and the US.

The company's core technology centers on integrated project delivery: 3 GWp of cumulative installed capacity delivered across multiple continents, NERS-accredited Independent Connection Provider (ICP) capabilities in the UK with 650+ MVA of transformation capacity across 13 substations and 80+ km of 66/132 kV lines, and a proprietary real-time O&M monitoring center overseeing 1.6 GW of managed assets. It executes hybrid PV + BESS configurations (e.g., Kinglassie 30 MWp PV + 20 MW/40 MWh storage) and is developing green hydrogen hubs powered by its own PV generation (H2Green La Isla).

Elmya's revenue model combines project-based EPC contracts (one-time revenue recognized on commissioning, with project sizes typically 22–85 MWp), recurring O&M services on installed and third-party assets, and electrical installation / self-consumption work for industrial clients. Go-to-market is enterprise B2B via direct sales, competitive tenders, and capital-embedded JV structures with infrastructure investors (Renewable Power Capital in the UK; Atlantica Sustainable Infrastructure in the US via the Elmantic JV targeting 4 GW). Customers include Cero Generation, Gülermak Renewables, Low Carbon, Atlantica and SailH2. The company reports a consistent 25% annual growth rate and is privately held by the founding Piñar family.

Name

Elmya

Legal name

ELMYA HOLDCO S.L

Website

https://elmya.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

251–500 employees

Short description

Elmya is a privately held Spanish renewable energy company founded in 1966 that develops, constructs, and maintains utility-scale solar PV, BESS, and high-voltage grid infrastructure across Spain, the UK, Italy, Portugal, Greece, and the US, serving renewable developers, utilities, and infrastructure investors.

Ownership category

akta.pro rank

Product category

Renewable Energy EPC and Infrastructure Services

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industries

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF), Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM)

Keywords

• Solar EPC services
• Utility-scale photovoltaic
• Battery energy storage
• High voltage grid connection
• Renewable energy development

Headquarters

HQ city

Sevilla

HQ country

Spain

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC (Engineering, Procurement & Construction): One-time project-based revenue from the design, engineering, construction, and grid connection of renewable energy plants (solar PV, BESS, HV infrastructure). Revenue is recognized upon project completion and commissioning. Includes full turnkey delivery as well as Full EPC lite arrangements. Represents the primary revenue driver, with projects ranging from 22 MWp to 48.5 MWp and above.
2. O&M (Operations & Maintenance): Recurring service revenue from the long-term operation and maintenance of installed renewable energy assets. Includes monitoring, preventive/corrective maintenance, warranty management, and performance optimization. Over 1.6 GW of assets currently under management.
3. Electrical Installation & Self-Consumption: One-time and recurring revenue from the installation, maintenance, and repair of electrical infrastructure and photovoltaic self-consumption systems for industrial and retail clients. Includes assembly of electrical systems for large-scale solar plants.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Elmya develops, builds, connects, and operates utility-scale renewable energy projects through three integrated divisions: Elmya EPC delivers engineering, procurement and construction (EPC) services for solar PV, BESS, and high-voltage infrastructure; Elmya Instalaciones provides electrical installations and industrial photovoltaic self-consumption solutions; and Elmya Energy originates and develops solar, storage and green hydrogen projects for sale or co-investment.

Product overview

Elmya is a Spanish energy infrastructure company offering an integrated portfolio of renewable energy solutions through three distinct business divisions: Elmya EPC (engineering, procurement, construction, and O&M services), Elmya Instalaciones (electrical installations and photovoltaic self-consumption), and Elmya Energy (project development for solar, BESS, and green hydrogen). The company operates internationally across Spain, UK, Italy, Portugal, Greece, and the US. Key products include utility-scale solar EPC services, high-voltage transmission and distribution infrastructure, operation and maintenance for solar and battery storage assets, and full-scope renewable project development. Recent product launches include the Elmantic joint venture for US renewable development (4 GW target) and various hybrid solar-plus-storage projects in the UK market.

Differentiator

Problem solved

Functional benefit

Brands

• Elmya EPC: Engineering, procurement, construction and maintenance of renewable energy projects including solar PV, BESS, and high voltage infrastructure (T&D).
• Elmya Instalaciones
• Elmya Energy

Products and services

• Elmya EPC - Solar PV Engineering, Procurement and Construction Turnkey EPC services for utility-scale solar photovoltaic power plants, including engineering design, component procurement, construction works, commissioning, and grid connection. Delivered to renewable energy developers, utilities and infrastructure investors across Europe and the United States, with over 3 GWp of cumulative installed capacity.
• Elmya EPC - High-Voltage Transmission and Distribution (T&D) High-voltage grid infrastructure services for renewable energy projects, including substation design and construction, overhead and underground line works up to 132 kV, and accredited Independent Connection Provider (ICP) services in the UK. Includes 11 in-house HV design engineers and delivered track record of 650+ MVA transformation capacity.
• Elmya EPC - Operations and Maintenance (O&M) Recurring O&M services for solar PV and BESS assets, including real-time monitoring through a proprietary control center, proactive incident detection, preventive/predictive/corrective maintenance, warranty management, and advanced inspections (thermography, IV curves). Manages over 1.6 GW of renewable assets.
• Elmya Instalaciones - Electrical Installations and Industrial Photovoltaic Self-Consumption Design, installation, maintenance and repair of electrical installations and small-to-medium photovoltaic self-consumption systems (rooftop and battery-integrated) for industrial, retail, logistics and agricultural clients. Includes low, medium and high voltage work.
• Elmya Energy - Renewable Project Development (Solar, BESS, Green Hydrogen) Full-scope renewable project development from land acquisition and feasibility studies through permitting, EPC delivery and ongoing maintenance, covering solar PV, battery energy storage systems (BESS) and green hydrogen projects. Targets 7 GW of renewable connections in Europe and operates a development pipeline of 7 GW across Spain, Portugal, UK, USA and Greece.

Quantifiable outcome

• Over 3 GWp of cumulative solar PV installed capacity delivered globally
• +5 more outcomes

Named customers6 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

Feature5 records

Partnerships

Nine partnerships are on record, tiered core, supporting and minor.

• Atlantica Sustainable Infrastructure LtdcoreStrategic or Co-development Partner · 5 September 2025Formation of joint venture Elmantic targeting 4 GW of utility-scale wind, solar, and energy storage projects across ERCOT and WECC markets in the United States. Elmya Energy's USA team (offices in Richmond, VA and Austin, TX) leads development activities alongside Atlantica's North America team. Greenfield development is the primary objective. The venture represents a long-term bet on US renewables growth despite federal policy headwinds.
• Cero GenerationcoreImplementation/ SI/ Consulting Partner · 1 February 2024EPC contract for Pisoraca II (52.27 MWp) and Pisoraca III (32.53 MWp) solar plants in Herrera de Pisuerga, Palencia, Spain, under Full EPC lite modality. Third collaboration following successful Bolotana A (5.75 MWp) and Bolotana B (9.25 MWp) projects in Italy. Plants expected operational H1 2026, generating electricity for 44,946 households and avoiding 42,800 tonnes of CO2 per year.
• Renewable Power Capital (RPC)coreStrategic or Co-development Partner · 1 December 2023Joint venture to develop 4 GW of BESS and co-located solar PV assets in the UK. Elmya Energy contributed an existing pipeline of over 2.5 GW including ~1.5 GW transmission-connected and ~200 MW distribution-connected projects at late development stage, plus 800 MW of earlier-stage projects. RPC's UK pipeline grows to 4.5 GW. First projects expected to reach ready-to-build stage in 2025/6.
• Gülermak RenewablescoreImplementation/ SI/ Consulting PartnerEPC appointment for 48.5 MWp Hanningfield solar project in Essex, UK. Elmya EPC responsible for full turnkey delivery including detailed engineering design, procurement of key components, construction works, and commissioning. A 48.5-MWp PPA was signed with ElectroRoute earlier. Construction expected to commence immediately with energization in 2027.
• Low CarboncoreImplementation/ SI/ Consulting PartnerEPC contract for Pattingham Farm PV project (~22.51 MWp DC, 17.5 MWac inverter power, 15 MWac POI power) near Birmingham, UK. Elmya responsible for design, construction, commissioning, and operation. Project expected operational by March 2025, supplying 13,000+ households and avoiding 12,585 tonnes of CO2 annually.
• SailH2coreStrategic or Co-development PartnerCollaboration on H2Green La Isla, the first commercial green hydrogen hub in Sevilla's La Isla industrial park (Dos Hermanas). Phase 1 investment exceeding €5 million with support from IDAE's Moves Singulares II subsidy. Combines solar PV-powered electrolysis for applications in mobility, industry, and natural gas grid injection. Elmya Instalaciones handles electrical and PV installation work.
• IDAE (Instituto para la Diversificación y Ahorro de la Energía)supportingOthersSpanish public institution providing subsidy support (Moves Singulares II) for the H2Green La Isla green hydrogen hub project in Sevilla.
• Scottish Power Energy Networks (SPEN)coreStrategic or Co-development PartnerDistribution network operator partnership for the Kinglassie hybrid PV+BESS project in Scotland. Works carried out in close coordination with SPEN in strict compliance with technical specifications and applicable regulatory requirements for grid interconnection.
• CESUR Círculo de Empresarios del Sur de EspañaminorOthersCEO José María Piñar participated in CESUR-organized energy conference alongside Edison Next Spain, discussing Iberian energy market decarbonization, CAEs (Energy Savings Certificates), and renewable hydrogen.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Voltalia: French renewable developer, EPC, and operator with solar, wind, storage, and hydrogen projects across Europe and Latin America. Closely comparable integrated developer-EPC-O&M model with comparable geographies (Iberia, Brazil, UK).
• Sonnedix: Global solar IPP and O&M operator focused on European and OECD markets. Comparable in O&M scale (multi-GW under management) and developer-style pipeline build, often in partnership with institutional capital.
• TSK: Spanish EPC contractor active in solar PV, BESS, and high-voltage substations for utility and industrial clients. Compares directly to Elmya EPC's scope across BoP, MV collection, and HV substation works in Iberia and Latin America.
• Lightsource bp: Global utility-scale solar developer and EPC operator headquartered in the UK with multi-GW pipelines in the UK, US, Spain, and Greece. Directly comparable in business model to Elmya: greenfield development, EPC execution, JV with capital partners, and integrated asset management.
• Gransolar Group: Spanish-headquartered vertically integrated solar EPC and developer with multi-GW delivered across Iberia and Latin America. Closest Iberian peer to Elmya with overlapping EPC services, PV self-consumption, and project development offerings.
• Cox Energy (CoxAbengia): Iberian renewable developer with utility-scale solar, storage, and green hydrogen development in Spain and Latin America. Overlaps Elmya Energy's development pipeline in Spain and shares the green-hydrogen strategic bet.
• Solarpack (OPDE / Statkraft): Spanish solar developer and EPC acquired by Statkraft in 2023. Operates in identical geographies (Spain, Chile, US) with overlapping utility-scale solar EPC + development capabilities — a direct precedent for the value-creation path Elmya is pursuing.
• Solaria Energía y Medio Ambiente: Spanish independent solar power producer and developer with multi-GW Iberian and European pipeline. Directly comparable to Elmya Energy's development-only segment on geography, scale, and execution.

Broad incumbents

• BayWa r.e. Global renewable energy developer, EPC, and O&M operator with significant solar and storage activity across Europe and the US. Broader portfolio but directly overlaps Elmya EPC + O&M offering in utility-scale solar and storage.
• Acciona Energía: Spanish-headquartered global renewable IPP with utility-scale wind, solar, and storage assets. Broader, larger incumbent but shares the Iberian development + EPC + asset management integrated model Elmya is scaling.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ElmyaSA
• LinkedInlinkedin.com/company/elmya-s.a.

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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 Elmya