Nala Renewables
Nala Renewables is a London-based independent power producer and renewable energy investment platform developing, acquiring, and operating utility-scale solar PV, onshore wind, and battery storage projects across 12+ countries, currently wholly owned by IFM Investors following its 2026 buyout of Trafigura's stake.
- Company typePrivate
- Founded2020
- HeadquartersGeneva, Switzerland
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Nala Renewables does
Nala Renewables is a London-headquartered independent power producer and renewable energy investment platform founded in 2020 as a 50/50 joint venture between commodity trader Trafigura and infrastructure asset manager IFM Investors. The company develops, acquires, builds, and operates utility-scale solar PV, onshore wind, and battery energy storage system (BESS) projects across Europe, Latin America, and the United States, with a cumulative portfolio of approximately 3GW spanning operational, in-construction, and development stages and a stated target of 10GW by 2030. Its geographic footprint spans 12+ countries including Belgium, Chile, Finland, France, Greece, Lithuania, Netherlands, Philippines, Poland, Romania, USA, and Vietnam, anchored by country offices in London and Santiago.
Revenue is generated through long-term power purchase agreements (PPAs) with utilities and multinational corporates, capacity market payments, ancillary grid services (frequency regulation, balancing), and — uniquely among IPPs — trading optimization of BESS assets via Trafigura's commodity trading desk. The company finances projects through non-recourse project finance from banks including Societe Generale and Erste Group, supplemented by equity from its IFM-backed sponsor base. In April 2026, IFM Investors agreed to acquire Trafigura's remaining 50% stake, taking 100% ownership expected mid-2026. Leadership transitioned through three CEOs in 24 months, with Remy Verot currently serving as Interim CEO following Mike O'Neill's health-related leave.
Nala Renewables firmographics
Firmographics- Name
- Nala Renewables
- Legal name
- Nala Renewables Limited
- Website
- https://nalarenewables.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Nala Renewables is a London-based independent power producer and renewable energy investment platform developing, acquiring, and operating utility-scale solar PV, onshore wind, and battery storage projects across 12+ countries, currently wholly owned by IFM Investors following its 2026 buyout of Trafigura's stake.
- Ownership category
- akta.pro rank
Nala Renewables industry classification
Industry- Product category
- Renewable Energy Independent Power Production (Solar, Wind, and Battery Storage)
- NAICS
- Electric Power Generation (22111), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)
- akta.pro secondary industries
- PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), Renewable Energy Infrastructure (FSAAAKAG)
Keywords
Where Nala Renewables is headquartered
LocationHeadquarters
- HQ city
- Geneva
- HQ country
- Switzerland
- HQ region
- Europe
Offices2 records
Markets served
Nala Renewables business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Renewable Energy Generation and Sale: Revenue is generated through the sale of electricity produced by operational solar PV, onshore wind, and BESS assets under long-term PPAs and capacity market contracts. Assets are held as independent power producer (IPP) investments.
- Battery Storage Services: BESS projects provide grid balancing, frequency regulation, and reserve market services, with revenue derived from capacity payments, ancillary services contracts, and optimisation trading (e.g., Trafigura using BESS for European trading activities).
- Asset Management and Development Services: Nala manages its own portfolio of assets across the full project lifecycle and outsources asset management for specific portfolios to RES Group.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Nala Renewables product offering
Product offeringCore offering
Nala Renewables invests in, develops, constructs, and operates utility-scale renewable energy projects — solar PV, onshore wind, and grid-scale battery energy storage systems (BESS) — across Europe, Latin America, and select markets in North America and Asia Pacific. Revenue is generated primarily through long-term Power Purchase Agreements (PPAs), capacity market payments, and ancillary services for grid operators, utilities, corporates, and energy traders.
Product overview
Nala Renewables operates as a global renewable energy investment and development platform with a multi-technology approach spanning solar PV, onshore wind, and battery energy storage systems (BESS). The company's core offering consists of developing, acquiring, constructing, and operating utility-scale renewable energy projects across Europe, Latin America, and the United States. Their portfolio includes operational, in-construction, and development-stage assets totaling approximately 3GW cumulative capacity, with a target of 10GW by 2030. The platform is structured as a joint venture between commodity trading firm Trafigura and infrastructure investor IFM Investors, providing integrated project lifecycle capabilities from development through operations. Asset management services are offered for third-party portfolios, complementing the core project investment and development business.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar PV Projects Utility-scale solar photovoltaic power generation assets developed, constructed, and operated by Nala Renewables across multiple geographies, generating long-term contracted revenue through Power Purchase Agreements.
- Onshore Wind Projects Utility-scale onshore wind generation assets developed, constructed, and operated globally, generating long-term contracted revenue through PPAs with utilities and corporate offtakers.
- Battery Energy Storage Systems (BESS) Grid-scale lithium-ion battery storage assets providing energy time-shifting, frequency regulation, balancing services, and trading optimization for grid operators and energy markets across Belgium, Finland, Poland, and the United States.
- Asset Management Services Operational, technical, and commercial management services for renewable energy and battery storage portfolios, including performance monitoring, optimization, and ongoing O&M activities delivered through partners such as RES Group.
Quantifiable outcome
- 3GW cumulative portfolio of operational, in-construction, and development renewable energy capacity
- +4 more outcomes
Companies that use Nala Renewables
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles4 records
Nala Renewables technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Nala Renewables partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered minor, major and core.
- Clifford ChanceminorInternational law firm Clifford Chance advised funds managed by IFM Investors on the agreement to acquire the remaining 50% equity interest in Nala Renewables from Trafigura Renewables S.à r.l.
- RES GroupmajorRES Group, a global renewable energy company, was contracted by Nala Renewables to deliver asset management services for a 217MW solar-plus-storage portfolio. RES has previously divested a 270MWh BESS project in South Australia to Iberdrola.
- White & Case LLPminorGlobal law firm White & Case advised Nala Renewables on both the acquisition and subsequent project financing of the 50MW ready-to-build BESS project in Kauhava, Finland, acquired from Fu-Gen AG.
- SungrowcoreGlobal leader in renewable energy technology and BESS provider. Sungrow supplies twenty-two 5MWh units of its PowerTitan 2.0 BESS for the 50MW/100MWh Kauhava project in Finland, expected operational by end of 2026.
- KSBRmajorFinnish energy and civil construction company responsible for delivering the 50MW/100MWh Kauhava BESS project in Finland as the engineering and construction contractor.
- Fu-Gen AGcoreSwiss-based renewables developer and independent power producer. Nala acquired a 50MW ready-to-build BESS project in Kauhava, Finland from Fu-Gen in January 2025. The parties subsequently signed a framework agreement (October 2025) for a 250MW+ BESS portfolio across four sites in Finland, and finalised a 125MW Vuolijoki BESS deal in February 2026.
- OX2coreEuropean and Australian renewable energy developer. Nala acquired a 99.2MW onshore wind project (Green Breeze) in Romania from OX2, including a 12-year PPA with a multinational corporate offtaker. OX2 retains technical and commercial management post-commissioning.
- Green GeniusmajorRenewable energy group. Nala acquired a 34MWp operational solar PV portfolio from Green Genius in Lithuania, with a further agreement to acquire an additional 45MWp, totaling 79MWp.
- Swift Current EnergyminorNorth American clean energy development and investment platform. Nala co-invested alongside Buckeye Partners and held a stake in Swift Current Energy, which was subsequently spun out to Nala's shareholders (IFM Net Zero Infrastructure Fund and Trafigura) in February 2023.
- MonssonmajorRomanian renewable energy group. Nala signed an agreement to acquire a 61 MWp solar PV project in Western Romania from Monsson, with construction expected to start Q3 2024 and commissioning in 2025.
- Rhynland EnergymajorNew York-based power and infrastructure developer. Nala entered a development services agreement with Rhynland Energy for four BESS projects in New York ISO Zone K (Long Island), totaling up to 280MW expected storage capacity by mid-2024.
- SolekmajorRenewable energy developer. Nala acquired a 13-project solar PV portfolio (up to 150MW) in Chile from Solek. Solek executed EPC and O&M contracts for the projects. Co-investors include Moonvalley Capital and Korkia.
Scale indicators10 records
Recent moves8 records
Expansion highlights6 records
Nala Renewables competitors and assessment
Company assessmentDirect peers
- Boralex: Canadian-listed renewable energy IPP with onshore wind, solar, and storage assets concentrated in North America and Europe. Comparable in its multi-technology utility-scale IPP strategy and growth-by-acquisition approach.
- Lightsource bp: BP-backed global solar and storage developer and IPP with utility-scale projects across Europe, the Americas, and Asia-Pacific. Directly comparable business model of developing, owning, and operating solar PV and BESS assets under long-term PPAs.
- Sonnedix: Global solar IPP currently held by Sonnedix Power Holdings (Brookfield), with operational and development solar assets across multiple European and OECD markets. Closely comparable IPP model, infrastructure-capital backing, and OECD-country focus.
- Cubico Sustainable Investments: London-based renewables IPP owned by a Canadian pension consortium, focused on developing and operating solar, wind, and storage assets globally. Directly comparable to Nala as a multi-technology, infrastructure-backed renewables platform.
- Akuo Energy: Independent French renewables developer and IPP active across wind, solar, and storage in Europe and select international markets. Comparable mid-sized multi-technology IPP with a development-to-asset-management value chain.
- Masdar: UAE-based clean energy developer and IPP with a multi-technology global portfolio spanning solar, onshore/offshore wind, and battery storage. Comparable as a globally diversified, sovereign-/strategic-capital-backed renewables platform pursuing GW-scale targets.
Broad incumbents
- Iberdrola: Global utility and one of the world's largest renewables operators, with tens of GW of wind, solar, and storage across Europe, the Americas, and Australia. Overlaps with Nala on multi-technology renewables IPP but at vastly greater scale and as part of an integrated utility.
- Enel Green Power: Renewables arm of Enel Group, one of the largest global owners and developers of wind, solar, and storage capacity. Overlaps directly with Nala's multi-technology IPP model, with broader geographic and technology scope.
- RWE: German integrated utility with a rapidly growing renewables and storage portfolio across Europe, the US, and Asia-Pacific. Overlaps with Nala on multi-technology IPP activity, though RWE is much larger and operates an integrated utility model.
- EDP Renováveis: EDP's pure-play renewables subsidiary operating utility-scale wind and solar across Europe, North America, and Latin America. Comparable geographic focus and IPP business model, though part of a larger integrated group.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Nala Renewables social profiles
Digital presenceNala Renewables financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nala Renewables leadership team
Management profileNumber of profiles
Profiles9 records
Nala Renewables subsidiaries and ownership
Company hierarchySubsidiaries1 record
Nala Renewables funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nala 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 Nala Renewables
What does Nala Renewables do?
Nala Renewables invests in, develops, constructs, and operates utility-scale renewable energy projects — solar PV, onshore wind, and grid-scale battery energy storage systems (BESS) — across Europe, Latin America, and select markets in North America and Asia Pacific. Revenue is generated primarily through long-term Power Purchase Agreements (PPAs), capacity market payments, and ancillary services for grid operators, utilities, corporates, and energy traders.
Is Nala Renewables a public or private company?
Nala Renewables is a private company. It is classified as private equity controlled and is currently operating.
When was Nala Renewables founded?
Nala Renewables was founded in 2020. It employs 51 to 100 people.
Where is Nala Renewables based?
Nala Renewables is headquartered in Geneva, Switzerland, in the Europe region.
How does Nala Renewables make money?
Three revenue lines are on record. Renewable Energy Generation and Sale is the primary driver. The others are battery Storage Services and asset Management and Development Services.
Who are Nala Renewables's main competitors?
Direct peers on record are Boralex, Lightsource bp, Sonnedix, Cubico Sustainable Investments, Akuo Energy and Masdar. Broad incumbents are Iberdrola, Enel Green Power, RWE and EDP Renováveis.
Does Nala Renewables have an API?
No public API is recorded for Nala Renewables.
What industry is Nala Renewables in?
Nala Renewables's product category is Renewable Energy Independent Power Production (Solar, Wind, and Battery Storage). Its primary akta.pro industry code is EUAEAMAB, Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal), with a secondary code of EUAMAMAD, PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves). Its NAICS code is 22111 and its SIC code is 4991.