Grupotec
Grupotec is a Spain-based multidisciplinary engineering firm that develops, builds, finances, and operates photovoltaic energy projects and delivers industrial engineering, architecture, and environmental services to utilities, developers, and large corporates across 17+ countries.
- Company typePrivate
- Founded1997
- HeadquartersValencia, Spain
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Grupotec does
Grupotec (legal name GRUPOTEC SERVICIOS AVANZADOS SA) is a privately held multidisciplinary engineering and architecture firm founded in 1997 and headquartered in Valencia, Spain. The company develops, finances, constructs, and operates photovoltaic energy projects at international scale, with 2,700+ MW developed and 1,100+ MW built turnkey across 17+ countries on four continents. Its renewable energy value chain spans project development, EPC contracting, operation and maintenance (530+ MW across 230+ facilities), and asset management, supplemented by self-consumption PV, cogeneration, and battery energy storage (BESS) offerings.
Beyond renewables, Grupotec runs parallel industrial engineering and architecture divisions serving food processing, logistics and distribution, manufacturing, environmental (waste treatment and water cycle management), and real estate clients. Technology differentiators include specialized PV plant design optimization for ground-mounted and rooftop installations, BIM (Building Information Modeling) methodology for integrated design, and proprietary BESS configurations for grid applications. The headcount sits between 300 and 450+ multidisciplinary professionals, with offices in Valencia, Madrid, Seville, Murcia, London, Casablanca, and Chile.
The business model combines one-time EPC contracting (the dominant revenue stream) with recurring O&M and asset management subscriptions. Go-to-market is direct enterprise field sales: utility-scale PV contracts with developers and major utilities (e.g., Iberdrola), strategic project pipeline partnerships with investment funds (Glennmont/Nuveen), industrial self-consumption and Design & Build contracts with large corporates (e.g., LIDL, Consum, Torrecid, Grupo Fuertes), and a joint venture (ENAR Renewables) for the Saudi market. FY2019 revenue reached €142 million (105% YoY growth), with €13 million in profit; FY2020 added ~€200 million of new contract wins covering 312.5 MW. The company is privately held, with Baring Private Equity Partners Espana having invested in a 2013 funding round (~€25.8M).
Grupotec firmographics
Firmographics- Name
- Grupotec
- Legal name
- GRUPOTEC SERVICIOS AVANZADOS SA
- Website
- https://grupotec.es
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Grupotec is a Spain-based multidisciplinary engineering firm that develops, builds, finances, and operates photovoltaic energy projects and delivers industrial engineering, architecture, and environmental services to utilities, developers, and large corporates across 17+ countries.
- Ownership category
- akta.pro rank
Grupotec industry classification
Industry- Product category
- Renewable Energy Engineering Services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Engineering Services (541330)
- SIC
- Electric, Gas & Sanitary Services (4900), Electric Services (4911), Water Supply (4941)
- akta.pro primary industry
- Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)
- akta.pro secondary industries
- Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF), Auxiliary Systems EPC (Station Service, HVAC, Fire Protection, Security) (EUAEADAK), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)
Keywords
Where Grupotec is headquartered
LocationHeadquarters
- HQ city
- Valencia
- HQ country
- Spain
- HQ region
- Europe
Offices6 records
Markets served
Grupotec business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- EPC Contracting: Engineering, Procurement and Construction services for photovoltaic plants. Turnkey project delivery including design, construction, and commissioning.
- Operation and Maintenance (O&M): Managing operation and maintenance of photovoltaic plants with continuous monitoring, fault diagnosis, preventive/corrective maintenance
- Asset Management: Integral management of photovoltaic assets including administrative, accounting, tax and legal management of vehicle companies
- Engineering Services: Basic and execution engineering, technical assistance, consultancy, feasibility studies for industrial and environmental projects
- Project Development: Development of photovoltaic projects including site location, permits, licensing, and financial structuring
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Grupotec product offering
Product offeringCore offering
Grupotec is a multidisciplinary engineering and architecture company that develops, finances, constructs, and operates photovoltaic energy projects internationally. In addition to renewable energy services (EPC, O&M, asset management, and self-consumption), it delivers industrial engineering, turnkey Design & Build, food-sector and logistics-sector engineering, architecture, and environmental engineering services (water cycle, waste treatment, industrial hydraulics).
Product overview
GRUPOTEC is a large multidisciplinary engineering and architecture company and leader in the photovoltaic energy sector, founded in 1997. The company operates across three main divisions: Renewable Energy (Development, EPC, O&M, Asset Management), Engineering (industrial, food sector, logistics, turnkey projects, hydraulic management), and Architecture. The product portfolio includes self-consumption PV plants, energy efficiency services, cogeneration plants, battery energy storage systems (BESS), waste treatment engineering, and industrial environment services. The company uses BIM methodology for architecture and building projects, and operates internationally in Europe, America, Africa, and Asia with offices in Spain, UK, and Morocco.
Differentiator
Problem solved
Functional benefit
Products and services
- Photovoltaic Project Development
Quantifiable outcome
- 105% revenue growth in 2019 (142M EUR)
- +3 more outcomes
Companies that use Grupotec
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles4 records
Grupotec technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Grupotec partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- BESS Los Ñisñiles (Chile Project)minorEnergy storage project in Coquimbo region, Chile. 90MW/360MWh battery storage system. Part of broader energy storage investments in Chile driven by regulatory updates.
- ENAR RenewablescoreJoint venture with AlKibah Holding in Saudi Arabia. Located in Khobar, designs, builds, installs and maintains PV systems for commercial and industrial consumers. Objective to transform energy mix in Arab countries.
- AlKibah HoldingcoreSaudi investor group with holdings in construction, real estate development, financial services, and renewable energy. Partner in ENAR Renewables joint venture.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Grupotec competitors and assessment
Company assessmentDirect peers
- TSK: Spanish EPC contractor with significant renewables and power plant EPC operations, closely comparable to Grupotec's core utility-scale PV EPC and O&M business across Iberia and Latin America.
- Solaria Energía y Medio Ambiente: Spanish PV developer and generator with utility-scale and distributed generation focus, directly comparable to Grupotec's development-plus-EPC-plus-O&M integrated model in Iberia.
- Solarpack (Statkraft): Spanish-headquartered utility-scale PV developer and EPC provider acquired by Statkraft; competes head-to-head with Grupotec for utility-scale solar EPC and O&M contracts in Iberia and LatAm.
- Sonnedix: European PV independent power producer with a multi-GW operating portfolio and active O&M requirements; comparable to Grupotec on utility-scale O&M scale (530+ MW) and PV asset management services.
- Grenergy: Spanish PV developer and IPP with utility-scale project development and EPC exposure across Iberia and Latin America, directly competing with Grupotec for utility-scale tenders and O&M mandates.
- Enhol: Spanish renewable energy developer and operator with utility-scale PV and wind projects in Iberia and Latin America, directly comparable to Grupotec's integrated development-EPC-O&M positioning.
Broad incumbents
- Acciona Energía: Major Spanish renewable energy developer/IPP and EPC operator with global utility-scale solar presence; competes with Grupotec on Iberian utility-scale tenders and O&M, though at much larger scale.
- BayWa r.e. German-headquartered global PV developer, EPC, and O&M provider; overlaps with Grupotec on European and Latin American utility-scale PV EPC plus a sizable O&M book.
- Elecnor: Spanish infrastructure and energy EPC incumbent with a renewables division; overlaps with Grupotec on PV EPC and grid BoP, but operates across a much broader infrastructure portfolio.
Emerging players
- Cox Energy (formerly Abengoa solar assets): Spanish-origin PV developer with utility-scale and distributed generation pipeline in Iberia and Latin America; comparable as a competitor for tendered EPC and development opportunities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Grupotec social profiles
Digital presenceGrupotec compliance and trust
Trust signalCompliance4 records
Grupotec financial estimates
Financial estimateRevenue estimate
Valuation estimate
Grupotec leadership team
Management profileNumber of profiles
Profiles4 records
Grupotec subsidiaries and ownership
Company hierarchySubsidiaries2 records
Grupotec funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Grupotec 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 Grupotec
What does Grupotec do?
Grupotec is a multidisciplinary engineering and architecture company that develops, finances, constructs, and operates photovoltaic energy projects internationally. In addition to renewable energy services (EPC, O&M, asset management, and self-consumption), it delivers industrial engineering, turnkey Design & Build, food-sector and logistics-sector engineering, architecture, and environmental engineering services (water cycle, waste treatment, industrial hydraulics).
Is Grupotec a public or private company?
Grupotec is a private company. It is classified as venture growth investor backed and is currently operating.
When was Grupotec founded?
Grupotec was founded in 1997. It employs 251 to 500 people.
Where is Grupotec based?
Grupotec is headquartered in Valencia, Spain, in the Europe region.
How does Grupotec make money?
Five revenue lines are on record. EPC Contracting is the primary driver. The others are operation and Maintenance (O&M), asset Management, engineering Services and project Development.
Who are Grupotec's main competitors?
Direct peers on record are TSK, Solaria Energía y Medio Ambiente, Solarpack (Statkraft), Sonnedix, Grenergy and Enhol. Broad incumbents are Acciona Energía, BayWa r.e. and Elecnor. Cox Energy (formerly Abengoa solar assets) is listed as an emerging player.
Does Grupotec have an API?
No public API is recorded for Grupotec.
What industry is Grupotec in?
Grupotec's product category is Renewable Energy Engineering Services. Its primary akta.pro industry code is EUAEAAAG, Solar PV Power Plant EPC (Utility-Scale), with a secondary code of EUACAGAB, Utility-Scale PV EPC (Engineering, Procurement & Construction). Its NAICS code is 221114 and its SIC code is 4900.