Finerge
Finerge is a privately held Iberian renewable energy producer operating 93 wind farms and 18 solar PV plants (~2 GW, 4,806 GWh/year) across Portugal and Spain, selling wholesale electricity to grid operators under infrastructure fund ownership.
- Company typePrivate
- Founded1996
- HeadquartersMatosinhos, Portugal
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Finerge does
Finerge is a privately held Iberian renewable energy producer headquartered in Matosinhos, Portugal, founded in 1996. It is the largest wind power producer in Portugal and one of the most significant renewable operators on the Iberian Peninsula, running a portfolio of 93 wind farms and 18 solar PV plants across more than 62 Portuguese municipalities and 6 Spanish provinces. The asset base comprises 892 wind turbines with a combined installed capacity of nearly 2 GW and a stated 3.2 GW target by 2030, producing approximately 4,806 GWh per year and avoiding 1,316 kilotons of CO2 emissions annually.
The company's technology stack is conventional utility-scale wind and solar generation: horizontal-axis wind turbines and photovoltaic modules feeding directly into the Iberian grid, monitored from a 24/7 Control Room established in 2007. Finerge operates a unified platform across both wind and solar, with a 350+ person organization covering asset management, energy management, M&A, engineering & construction, maintenance, QHSE, IT, legal/regulatory, finance, and HR functions. It is certified to ISO 9001, ISO 14001, and ISO 45001 and is a subscriber to seven UN Sustainable Development Goals.
Finerge generates revenue by producing electricity and selling it to grid operators and energy markets in Portugal and Spain through power purchase agreements and merchant transactions. The platform is owned by infrastructure investment vehicles managed by Igneo Infrastructure Partners (75%) and BNP Paribas Asset Management Alts (25%), following the August 2023 acquisition of a 25% stake by AXA IM Alts from Igneo. The business model is a long-duration, capital-intensive infrastructure play with continuous over-powering, greenfield solar development, and bolt-on M&A as the principal growth levers.
Finerge firmographics
Firmographics- Name
- Finerge
- Legal name
- Finerge
- Website
- https://finerge.pt
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Finerge is a privately held Iberian renewable energy producer operating 93 wind farms and 18 solar PV plants (~2 GW, 4,806 GWh/year) across Portugal and Spain, selling wholesale electricity to grid operators under infrastructure fund ownership.
- Ownership category
- akta.pro rank
Finerge industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Wind Electric Power Generation (221115)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Wind Turbines & Nacelle Prime Movers (IMAHAFAE)
Keywords
Where Finerge is headquartered
LocationHeadquarters
- HQ city
- Matosinhos
- HQ country
- Portugal
- HQ region
- Europe
Offices4 records
Markets served
Finerge business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D
Revenue model
- Renewable Energy Generation and Sales: Finerge generates revenue by producing electricity from wind farms and solar PV plants and selling it to the grid. The company operates 93 wind farms and 18 solar parks with a combined capacity generating approximately 4,806 GWh of energy annually.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Finerge product offering
Product offeringCore offering
Finerge is an independent renewable energy producer that develops, constructs, acquires, and operates utility-scale wind farms and solar photovoltaic (PV) plants across the Iberian Peninsula. The company sells the electricity generated from its 93 wind farms (892 turbines) and 18 solar PV plants to grid operators and energy markets in Portugal and Spain, producing approximately 4,806 GWh annually.
Product overview
Finerge is a renewable energy producer operating a portfolio of wind and solar power generation assets across the Iberian Peninsula. The company operates 93 wind farms and 18 PV solar plants located in more than 62 municipalities across Portugal and 6 provinces in Spain. With approximately 892 wind turbines and thousands of photovoltaic modules, Finerge transforms wind and solar energy into clean electricity, producing approximately 4,806 GWh annually and avoiding over 1,316 kilotons of CO2 emissions. The company operates as a unified renewable energy platform combining both wind and solar generation assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind Farms Portfolio of 93 wind farms across Portugal and Spain, harnessing wind energy through approximately 892 wind turbines with a combined installed capacity of nearly 2 GW, producing electricity sold to the grid.
- Solar Photovoltaic (PV) Plants Portfolio of 18 PV solar plants across Portugal and Spain, generating clean electricity from photovoltaic modules that capture solar energy for sale to grid operators.
Quantifiable outcome
- 1,316 ktons CO2 avoided annually
- +3 more outcomes
Companies that use Finerge
Customer profileSegments2 records
Ideal customer profiles2 records
Finerge technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Finerge partnerships and signals
Strategic signalScale indicators10 records
Recent moves7 records
Expansion highlights4 records
Finerge competitors and assessment
Company assessmentBroad incumbents
- Naturgy (Gas Natural Fenosa): Naturgy operates renewable generation assets in Spain and has been expanding wind and solar capacity in Iberia. Comparable to Finerge as a broad incumbent in Iberian renewable power generation, though renewables are part of a larger gas and electricity portfolio.
- Endesa (Enel Green Power España): Endesa, now part of Enel, was Finerge's parent from 2005 and remains a major Iberian renewable generator. Comparable as a broad incumbent operating wind and solar across Spain and Portugal with overlapping customer base (grid operators).
- Repsol Renovables: Repsol's renewables division is expanding wind and solar generation capacity across Spain. Comparable to Finerge as a broad incumbent in Iberian renewable power generation, operating as part of an integrated oil and gas major transitioning toward low-carbon generation.
- Iberdrola Renovables: Iberdrola's renewables arm is a global leader in wind generation with substantial Iberian operations. Comparable to Finerge as a wind power producer serving the same grid markets, but operates at vastly larger scale and as part of a vertically integrated utility.
- Engie España: Engie's Spanish operations include renewable generation assets (wind and solar) supplying the Iberian grid. Comparable to Finerge as a broad incumbent renewable power producer in Iberia, though Engie operates globally and across the broader energy value chain.
- RWE Renewables Iberia: RWE has been expanding its Iberian renewable energy footprint through acquisitions and greenfield development. Comparable to Finerge as a broad incumbent wind and solar operator in Iberia, though RWE is much larger and globally diversified.
Regional players
- Audax Renovables: Audax Renovables is an Iberian renewable energy producer and retailer with wind and solar assets in Spain and Portugal. Comparable as a smaller Iberian-focused wind/solar operator, though Audax also has a retail electricity arm which differentiates its business model.
Direct peers
- Acciona Energía: Acciona Energía is a Spanish-headquartered pure-play renewable energy producer with significant wind and solar capacity in Iberia. Previously an indirect owner of Finerge (via Endesa/Acciona 2008–2010) and a directly comparable Iberian wind operator with overlapping technology and markets.
- EDP Renováveis: EDP Renováveis is one of the largest wind and solar operators globally and the dominant renewables player in the Iberian Peninsula. Directly comparable to Finerge as an onshore wind and solar power producer with overlapping Iberian geography, though at significantly larger scale.
Emerging players
- Solaria Energía: Solaria Energía is a Spanish solar PV developer and operator with growing Iberian generation capacity. Comparable to Finerge's solar PV operations in Iberia, though Solaria is solar-only and smaller scale, focused on greenfield development.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Finerge social profiles
Digital presenceFinerge compliance and trust
Trust signalCompliance3 records
Finerge financial estimates
Financial estimateRevenue estimate
Valuation estimate
Finerge leadership team
Management profileNumber of profiles
Profiles24 records
Finerge funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Finerge 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 Finerge
What does Finerge do?
Finerge is an independent renewable energy producer that develops, constructs, acquires, and operates utility-scale wind farms and solar photovoltaic (PV) plants across the Iberian Peninsula. The company sells the electricity generated from its 93 wind farms (892 turbines) and 18 solar PV plants to grid operators and energy markets in Portugal and Spain, producing approximately 4,806 GWh annually.
Is Finerge a public or private company?
Finerge is a private company. It is classified as private equity controlled and is currently operating.
When was Finerge founded?
Finerge was founded in 1996. It employs 101 to 250 people.
Where is Finerge based?
Finerge is headquartered in Matosinhos, Portugal, in the Europe region.
How does Finerge make money?
One revenue line is on record: renewable Energy Generation and Sales.
Who are Finerge's main competitors?
Broad incumbents on record are Naturgy (Gas Natural Fenosa), Endesa (Enel Green Power España), Repsol Renovables, Iberdrola Renovables, Engie España and RWE Renewables Iberia. Audax Renovables is listed as a regional player. Direct peers are Acciona Energía and EDP Renováveis. Solaria Energía is listed as an emerging player.
Does Finerge have an API?
No public API is recorded for Finerge.
What industry is Finerge in?
Finerge's product category is Renewable Energy Generation. Its primary akta.pro industry code is IMAHAFAE, Wind Turbines & Nacelle Prime Movers. Its NAICS code is 221115 and its SIC code is 4991.