Gransolar Group

What Gransolar Group does

The business model combines four revenue streams: project-based EPC service fees (GRS), hardware sales of trackers and components (PVH), recurring O&M subscriptions over plant lifetimes, and project development transfers (e.g., the Eranovum agreement). Self-consumption projects (ISE Energía) and Balance of Plant services (GGC) contribute additional project-based revenue. Pricing is quote-based and project-specific, with no public pricing tiers. The go-to-market is enterprise field sales directed at utility-scale developers, IPPs, utilities, and large industrial energy consumers, supplemented by local offices and an agent network in non-office markets. The group disclosed 2022 revenue of €991M (84% YoY growth), EBITDA of €81M, and net profit of €44M, with a forward project portfolio of approximately €2.2B scheduled for 2023-2024. Trilantic became an equity partner in 2021.

Name

Gransolar Group

Legal name

Grupo Gransolar, S.L.

Website

https://gransolar.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Gransolar Group is a vertically integrated solar photovoltaic and battery storage platform operating across 48 countries. Through subsidiaries GRS (EPC), PVH (trackers), ISE Energía (self-consumption), and GGC (substations), it serves utility-scale developers, IPPs, and large industrial energy consumers.

Ownership category

akta.pro rank

Product category

Solar Photovoltaic EPC and Energy Storage

NAICS

Solar Electric Power Generation (221114), Electric Bulk Power Transmission and Control (221121), Electric Power Generation, Transmission and Distribution (2211)

SIC

Switchgear & Switchboard Apparatus (3613), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

BESS EPC, Integration & Commissioning (EUAFAAAB)

akta.pro secondary industries

Owner’s Engineering, Grid Interconnection & System Studies (PVsyst/Performance Modeling, Protection Studies) (EUACAGAG), Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA), Commercial & Industrial (C&I) BESS EPC & Integration (EUAEAEAB)

Keywords

• Solar EPC services
• Solar tracker manufacturing
• Battery energy storage
• Photovoltaic project development
• Industrial self-consumption solar

Headquarters

HQ city

Alcobendas

HQ country

Spain

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. EPC (Engineering, Procurement, Construction) Services: GRS provides EPC services for photovoltaic solar plant construction and grid connection. Revenue is earned on a project-by-project basis as a one-time service fee tied to the construction of utility-scale solar plants. GRS has built 127 plants worldwide with more than 4.5 GW of capacity.
2. Solar Tracker and Component Supply: PVH manufactures and supplies solar trackers, single-axis sub-structures, controllers, and SCADA systems to project developers and EPC contractors globally. PVH has supplied more than 50 GW of trackers worldwide across 45 countries. Revenue is generated through product sales.
3. Project Development: Gransolar Group develops PV and BESS projects from site identification and feasibility through to ready-to-build stage, selling projects or transferring them to developers/operators. The development pipeline includes projects in multiple markets worldwide.
4. Operation and Maintenance (O&M): ISE provides O&M services for the lifetime of photovoltaic plants. GRS O&M operates a Remote Control Center for 24/7 monitoring. Revenue is recurring over the plant's operational life.
5. Self-Consumption EPC (ISE Energía): ISE Energía delivers turn-key self-consumption projects for large industrial energy consumers. More than 150 MW in customized projects adapted to each company's needs. Revenue generated on a project basis.
6. Power Lines and Substations (Green Grid Connect): GGC specializes in high voltage electrical substations and BESS integration, constructing power lines and substations for PV and BESS projects. Revenue is project-based.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Gransolar Group is a vertically integrated platform of companies that designs, engineers, manufactures, and deploys utility-scale solar photovoltaic plants and battery energy storage systems (BESS). Through its subsidiaries GRS (EPC and O&M), PVH (solar trackers, sub-structures, controllers, SCADA), ISE Energía (industrial self-consumption EPC), and Green Grid Connect (power lines and substations), the Group delivers turnkey projects from site identification and engineering through component supply, construction, commissioning, and lifetime operations.

Product overview

Gransolar Group operates as a vertically integrated platform providing solar photovoltaic and energy storage solutions across the entire value chain. The group comprises multiple specialized companies: GRS (EPC construction and O&M), PVH (solar trackers, controllers, and SCADA systems), ISE Energía (self-consumption turnkey projects), and Green Grid Connect (power lines and substations). The Group also provides project development, engineering, consulting, and energy storage solutions. With 20 years of experience across 48 countries and 11 offices worldwide, the integrated model enables better execution times and quality control without depending on third parties.

Differentiator

Problem solved

Functional benefit

Brands

• GRS (Gransolar Renewable Services): Engineering, procurement, construction (EPC), commissioning, O&M, and storage solutions for photovoltaic plants
• ISE Energía
• PVH (PV Hardware)
• Green Grid Connect (GGC)
• Gransolar Foundation

Products and services

• GRS (Gransolar Renewable Services) - EPC and O&M Engineering, procurement, and construction (EPC) services for utility-scale photovoltaic solar plants, including commissioning, grid connection, and lifetime O&M. Targets utility-scale solar developers, IPPs, and utilities globally.
• PVH (PV Hardware) - Solar Trackers and Sub-structures Manufacture and supply of single-axis solar trackers, sub-structures, controllers, and SCADA systems for PV plants. Supplied more than 50 GW of trackers across 45 countries.
• ISE Energía - Industrial Self-Consumption EPC Turnkey EPC of customized solar self-consumption installations (rooftops, ground, canopies) for large industrial and commercial energy consumers seeking to reduce electricity costs and meet ESG targets.
• Green Grid Connect (GGC) - Power Lines and Substations Balance of Plant construction services for renewable energy projects, including high voltage power lines, substations, and battery energy storage system integration. Targets asset owners, IPPs, and renewable developers, primarily in Australia.
• Project Development Services End-to-end development of solar PV and BESS projects from site identification and feasibility studies through regulatory approvals and ready-to-build stage, including transfer of developed projects to operators.
• Engineering and Consulting Services Comprehensive engineering design, feasibility studies, quality control, and technical supervision services for solar PV projects; ISE has served as technical consultant for 20 GW of solar projects.
• Operation and Maintenance (O&M) Services Long-term O&M services for solar plants including 24/7 remote monitoring via the GRS Remote Control Center, performance optimization, and lifetime asset management on recurring subscription basis.
• Battery Energy Storage System (BESS) Solutions Turnkey battery energy storage solutions across project lifecycle from development and construction to operation, enabling use of solar energy beyond daylight hours and grid stabilization.

Quantifiable outcome

• 4.5 GW+ capacity built and 127 solar plants in operation worldwide by GRS
• +7 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Pacific GreencoreStrategic or Co-development Partner · 27 March 2025GGC (Green Grid Connect) signed strategic agreements to develop activity for Pacific Green, including the Limestone Coast North Energy Park, a 250 MW / 500 MWh battery storage system in Australia. GGC is positioned to guide projects from origin to commissioning, leveraging expertise in BESS, wind, and solar Balance of Plant.
• EranovumminorStrategic or Co-development PartnerGransolar Group closed an agreement with Eranovum for the transfer of three PV plants under development. This represents project development handoff between two renewable energy companies.
• UN Global CompactcoreOthersGransolar Group is a signatory member of the UN Global Compact, committing to its ten principles covering human rights, labour standards, environmental protection, and anti-corruption.
• ForéticaminorOthersGransolar Group is a member of Forética, the leading Spanish business association for sustainability and ESG, supporting the company's ESG strategy and transparency commitments.
• Clean Energy CouncilminorOthersGransolar Group is a member of the Clean Energy Council in Australia, the peak body for the renewable energy industry in that market.
• UNEF, APPA Renovables, AEPIBALminorOthersGransolar Group is a member of UNEF (Spanish Photovoltaic Association), APPA Renovables, and AEPIBAL (Spanish Battery Storage Association), supporting industry advocacy and market development.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Soltec: Spanish-headquartered solar tracker manufacturer and supplier. Directly comparable to Gransolar's PVH subsidiary, competing in single-axis trackers across MENA, Europe, and the Americas.
• Nextracker: One of the largest global solar tracker manufacturers. Directly competes with PVH in utility-scale single-axis trackers and represents the #1/#2 benchmark for tracker scale and pricing power.
• Array Technologies: US-listed solar tracker manufacturer with deep US utility-scale penetration. Directly comparable to PVH in single-axis tracker technology and scale, particularly relevant given Gransolar's new Houston factory.
• Solaria Energía y Medioambiente: Spanish solar PV developer and EPC, headquartered in Spain. Comparable to Gransolar's GRS/ISE in Iberian and European utility-scale and C&I solar development.
• Fluence Energy: Global battery energy storage system provider and integrator. Comparable to Gransolar's GGC BESS integration and E22 storage businesses across utility-scale battery deployments.
• Trina Solar: Vertically integrated PV module and tracker manufacturer with global utility-scale reach. Comparable to PVH (trackers) and Gransolar's broader PV platform, especially in international markets.
• BELECTRIC: Germany-headquartered utility-scale solar EPC and O&M provider. Comparable to Gransolar's GRS for international EPC delivery and to its O&M operations, particularly across European and MENA markets.

Broad incumbents

• Acciona Energía: Spanish-headquartered global renewable energy IPP and EPC. Operates an integrated renewables platform (wind, solar, BESS, hydro) that overlaps with Gransolar's utility-scale solar EPC and project development.
• Iberdrola: Spanish-headquartered global utility and renewable energy developer. Provides benchmark for European utility-scale renewables, including solar PV and BESS, though at much larger scale than Gransolar.
• Enel Green Power: Global renewables IPP and EPC under Italy's Enel Group. Operates utility-scale solar, wind, and BESS projects comparable to Gransolar's project development and EPC activities, though with broader geographic and technology scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCEBYd8sQ7yitK3BmfZVx1nQ
• LinkedInlinkedin.com/company/gransolar-group

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 Gransolar Group