Energix Renewables
Energix Renewables is a US independent power producer that develops, constructs, owns and operates utility-scale solar projects, serving corporate offtakers (including Google), utilities, municipalities and landowners across the Mid-Atlantic, PJM territory, and increasingly Europe.
- Company typePrivate
- Founded2016
- HeadquartersArlington, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Energix Renewables does
Energix Renewables (legal entity Energix US, LLC) is the US operating subsidiary of Energix Group Ltd., an Israeli publicly traded company listed on the Tel Aviv Stock Exchange (TASE:ENERG). Founded in 2016 and headquartered in Arlington, Virginia, the company functions as an independent power producer (IPP) that develops, constructs, owns and operates utility-scale solar photovoltaic projects across the United States, with a primary footprint in the Mid-Atlantic and PJM territory and an emerging international presence in Lithuania. Its operating portfolio comprises 17 projects at 681 MW of commercial capacity, with a development pipeline exceeding 6.5 GW, and the company reports $1.5 billion+ of cumulative US investment.
The company's core product is utility-scale solar generation, built exclusively with First Solar Series 7 TR1 CdTe thin-film modules sourced under a 5 GWDC framework agreement with First Solar, the only US-headquartered major PV manufacturer. Supporting offerings include long-term landowner lease programs (20–35 years), agrivoltaics pilots using sheep grazing, pollinator-habitat installation, and remediation of brownfields and former mining sites. Decommissioning is contractually backed by bonds issued to landowners or local governments. The company employs 51–100 people and maintains an in-house ESG program with twelve formal goals.
Energix monetizes generation through long-term Power Purchase Agreements with corporate offtakers (most prominently Google under a 1.5 GWp agreement in which Google also provides tax equity), utilities, and public-sector buyers (e.g., the City of Philadelphia). Project construction is funded via project-finance debt — including a $520 million facility from Morgan Stanley and Santander in 2023 covering six projects — supplemented by tax-equity contributions. Recent strategic activity includes the April 2026 acquisitions of a 120 MW Ohio project from CleanCapital and the 470 MW Jonava hybrid wind/solar/storage project in Lithuania from European Energy, offset by the Q4 2025 divestiture of the Hoku solar-plus-storage facility in Hawaii to Ormat Technologies for $80.5 million.
Energix Renewables firmographics
Firmographics- Name
- Energix Renewables
- Legal name
- Energix US, LLC
- Website
- https://energixrenewables.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Energix Renewables is a US independent power producer that develops, constructs, owns and operates utility-scale solar projects, serving corporate offtakers (including Google), utilities, municipalities and landowners across the Mid-Atlantic, PJM territory, and increasingly Europe.
- Ownership category
- akta.pro rank
Energix Renewables industry classification
Industry- Product category
- Utility-Scale Solar Power Generation
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)
- akta.pro secondary industries
- Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations) (EUAMAAAB), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK)
Keywords
Where Energix Renewables is headquartered
LocationHeadquarters
- HQ city
- Arlington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Energix Renewables business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Others
Revenue model
- Electricity and REC Sales: Energix generates revenue by developing, constructing, owning and operating utility-scale solar projects. Revenue comes from selling electricity and renewable energy credits (RECs) through long-term Power Purchase Agreements (PPAs) with utilities and corporate buyers.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Energix Renewables product offering
Product offeringCore offering
Energix Renewables is an independent power producer (IPP) that develops, constructs, owns, and operates utility-scale solar energy projects across the United States. The company generates revenue by selling electricity and renewable energy credits (RECs) through long-term Power Purchase Agreements (PPAs) with utilities and corporate buyers, and secures project sites via long-term land lease agreements with landowners. Projects range from 15 MWdc to 149 MWdc in capacity and span the Mid-Atlantic and broader PJM market territory.
Product overview
Energix Renewables is an independent power producer (IPP) that develops, constructs, owns, and operates utility-scale solar energy projects across the United States. The company's core offering is its portfolio of solar projects at various stages (operational, construction, and development), ranging from 15MWdc to 149MWdc capacity. Supporting services include landowner lease programs, agrivoltaics with sheep grazing partnerships, and pollinator habitat programs. The company uses First Solar Series 7 TR1 thin-film modules exclusively. Projects span the PJM market territory with significant presence in Virginia, Pennsylvania, and expansion into Ohio and other states.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-Scale Solar Project Development, Construction, and Operations Full-lifecycle utility-scale solar energy project services (development, construction, ownership, and operation) for utilities and corporate buyers, with projects ranging from 15 MWdc to 149 MWdc capacity, delivered under long-term Power Purchase Agreements.
- Landowner Lease Programs Long-term land lease agreements (20-35 years) for landowners and farmers providing dependable steady income while preserving land ownership, including remediation services for former brownfields and former mining sites.
Quantifiable outcome
- 681 MW in commercial operations across 17 projects
- +4 more outcomes
Companies that use Energix Renewables
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Energix Renewables technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Energix Renewables partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, minor and flagship.
- CleanCapitalcoreCleanCapital sold a 120 MW solar project in Harrison County, Ohio to Energix Renewables. The project is located on a reclaimed coal strip mine and was originally developed by BQ Energy before being acquired by CleanCapital in 2022. CleanCapital manages over 200 projects totaling 300 megawatts and is pivoting to distributed generation while selling utility-scale assets.
- European EnergycoreEuropean Energy completed the sale of its Jonava renewable energy project in Lithuania to Energix – Renewable Energies. The hybrid project has approximately 470 MW capacity combining 140 MW onshore wind, 330 MWp solar PV, and 320 MWh energy storage, expected to reach commercial operation by 2027. Transaction exemplifies European Energy's integrated development model.
- Ormat TechnologiesminorOrmat Technologies acquired the Hoku solar-plus-storage project in Hawaii from Energix Renewable Energies for $80.5 million. This represents a project divestiture from Energix to Ormat.
- GoogleflagshipAlphabet Inc's Google signed a strategic long-term agreement with Energix Renewables to develop 1.5GWp of solar projects in the U.S. by 2030. Energix supplies electricity and renewable energy credits to Google, which also serves as the tax equity provider for the projects. Partnership strengthens Energix's position in the PJM market, with first two PPAs already signed and delivery expected within 2-3 years.
- First SolarcoreEnergix entered into a framework agreement with First Solar to procure 5 GWDC of responsibly produced ultra-low-carbon thin-film solar modules. First Solar is the only US-headquartered solar manufacturer and does not manufacture in China. Series 7 TR1 modules offer up to 550W power with lower carbon and water footprint compared to crystalline silicon panels.
- Amherst VA Chamber of CommerceminorEnergix partners with local chambers of commerce across Virginia to support community involvement and regional solar advancement.
- Blue Ridge Chamber of Commerce (BVA)minorEnergix partners with local chambers of commerce across Virginia to support community involvement and regional solar advancement.
- Louisa County Chamber of CommerceminorEnergix partners with local chambers of commerce across Virginia to support community involvement and regional solar advancement.
- New Kent Chamber of CommerceminorEnergix partners with local chambers of commerce across Virginia to support community involvement and regional solar advancement.
- Shenandoah County ChamberminorEnergix partners with local chambers of commerce across Virginia to support community involvement and regional solar advancement.
- SHINE EnergyminorEnergix works with SHINE Energy as an industry partner to advance solar in the Mid-Atlantic region.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Energix Renewables competitors and assessment
Company assessmentDirect peers
- Hecate Energy: US developer of utility-scale solar and storage projects with operations across multiple states. Comparable to Energix in serving corporate and utility buyers via long-term PPAs and developing landowner lease-based pipelines.
- Arevon Energy: US-based utility-scale solar and storage developer and operator. Closely comparable to Energix as a develop-to-own solar IPP securing long-term corporate and utility offtake, with a multi-GW operating and development portfolio.
- Clearway Energy Group: One of the largest US independent power producers of renewable energy from solar, wind, and storage. Directly comparable to Energix as a US-based utility-scale solar IPP that develops, owns, and operates projects under long-term corporate and utility PPAs.
- Lightsource bp: Global utility-scale solar developer and IPP, with a major US footprint. Highly comparable as a utility-scale solar developer that secures corporate PPAs, uses thin-film and crystalline modules, and develops landowner lease-based project pipelines similar to Energix.
- Invenergy: US-based privately held developer and operator of utility-scale wind, solar, and storage projects. Directly comparable to Energix in business model (full-lifecycle IPP), customer base (corporate/utility PPAs), and geographic focus on PJM and broader US markets.
- Swift Current Energy: US-focused utility-scale solar developer and IPP building a multi-GW pipeline across multiple states. Directly comparable to Energix in target customer base (corporates and utilities), business model (develop-to-own IPP), and focus on community engagement and landowner relationships.
- Avantus (formerly 8minute Solar Energy): US utility-scale solar developer and IPP with a large operating and development portfolio, including notable corporate PPAs with hyperscale buyers. Directly comparable to Energix in develop-to-own model and focus on corporate offtake and storage hybridization.
- Recurrent Energy (subsidiary of Canadian Solar): Global utility-scale solar and storage developer and IPP, with a major US footprint. Directly comparable to Energix as a develop-to-own solar IPP securing corporate PPAs and operating a multi-GW project portfolio.
Broad incumbents
- NextEra Energy Resources: The world's largest generator of wind and solar energy and a subsidiary of NextEra Energy. Comparable as a utility-scale renewable IPP serving corporate and utility customers, but operates at vastly larger scale and across a much broader technology and geographic portfolio.
- EDF Renewables North America: North American renewable energy subsidiary of EDF, developing and operating utility-scale solar, wind, and storage projects. Comparable as a corporate-backed utility-scale IPP with a substantial US solar pipeline and corporate PPA activity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Energix Renewables social profiles
Digital presenceEnergix Renewables financial estimates
Financial estimateRevenue estimate
Valuation estimate
Energix Renewables leadership team
Management profileNumber of profiles
Profiles1 record
Energix Renewables funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Energix Renewables 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 Energix Renewables
What does Energix Renewables do?
Energix Renewables is an independent power producer (IPP) that develops, constructs, owns, and operates utility-scale solar energy projects across the United States. The company generates revenue by selling electricity and renewable energy credits (RECs) through long-term Power Purchase Agreements (PPAs) with utilities and corporate buyers, and secures project sites via long-term land lease agreements with landowners. Projects range from 15 MWdc to 149 MWdc in capacity and span the Mid-Atlantic and broader PJM market territory.
Is Energix Renewables a public or private company?
Energix Renewables is a private company. It is classified as corporate owned and is currently operating.
When was Energix Renewables founded?
Energix Renewables was founded in 2016. It employs 51 to 100 people.
Where is Energix Renewables based?
Energix Renewables is headquartered in Arlington, United States, in the North America region.
How does Energix Renewables make money?
One revenue line is on record: electricity and REC Sales.
Who are Energix Renewables's main competitors?
Direct peers on record are Hecate Energy, Arevon Energy, Clearway Energy Group, Lightsource bp, Invenergy, Swift Current Energy, Avantus (formerly 8minute Solar Energy) and Recurrent Energy (subsidiary of Canadian Solar). Broad incumbents are NextEra Energy Resources and EDF Renewables North America.
Does Energix Renewables have an API?
No public API is recorded for Energix Renewables.
What industry is Energix Renewables in?
Energix Renewables's product category is Utility-Scale Solar Power Generation. Its primary akta.pro industry code is EUAMAAAE, Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy), with a secondary code of EUAMAAAD, Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds). Its NAICS code is 221114 and its SIC code is 4911.