Elicio
Elicio NV is a Belgian renewable energy producer that develops, builds, and operates onshore and offshore wind farms across Belgium, France, Spain, Serbia, and Scotland, holding 376 MW of installed onshore capacity and a 24% stake in 1.1 GW of offshore capacity, with electricity sold via long-term PPAs to European utilities and grid operators.
- Company typePrivate
- Founded2014
- HeadquartersOostende, Belgium
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Elicio does
Elicio NV is a Belgian privately-held renewable energy producer founded in 2014 as a wholly-owned subsidiary of the Nethys conglomerate, established to acquire and continue the wind energy activities of the bankrupt Electrawinds group. The company develops, builds, and operates onshore and offshore wind farms across five European countries (Belgium, France, Spain, Serbia, and Scotland), with an installed onshore capacity of 376 MW across 42 operational wind farms and 174 turbines, plus a 24% stake in approximately 1.1 GW of offshore capacity anchored by the 487 MW SeaMade consortium in the Belgian North Sea. Its product portfolio spans operational onshore assets, offshore wind through the Otary consortium, and a growing floating offshore wind pipeline (Buchan 1 GW in Scotland, Pennavel 250 MW in Brittany, Mestrèl in the Mediterranean) developed jointly with BayWa r.e. and BW Ideol.
Elicio generates revenue by selling electricity from its wind farms under long-term power purchase agreements to European energy utilities, grid operators (including Elia in Belgium), and large industrial consumers. Pricing is negotiated bilaterally and tied to regulated tariffs or market rates and is not publicly disclosed. The company also operates a wind farm repowering service, exemplified by the Brugge III project (launched June 2026) where seven legacy turbines are being replaced by four modern units to nearly double output. Distribution is exclusively B2B through enterprise field sales and consortium structures such as Otary and the Floating Energy Alliance, with no direct consumer-facing channel.
The company employs approximately 90 staff across Belgium, France, Spain, Serbia, and Scotland, led by CEO Peter Goderis (succeeding Alain Janssens) and CFO Vanessa Vanleene. Elicio is financed through parent-company backing from Nethys, project-level debt (notably a EUR 53 million UniCredit refinancing of the Alibunar farm in Serbia), and joint-venture partner capital for floating offshore developments. The company holds the UN SDG Pioneer Certificate (2020) and the Voka SDG Champion designation (2024), and is a member of the Belgian Offshore Platform and the Flemish Wind Energy Association.
Elicio firmographics
Firmographics- Name
- Elicio
- Legal name
- Elicio NV
- Website
- https://elicio.be
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Elicio NV is a Belgian renewable energy producer that develops, builds, and operates onshore and offshore wind farms across Belgium, France, Spain, Serbia, and Scotland, holding 376 MW of installed onshore capacity and a 24% stake in 1.1 GW of offshore capacity, with electricity sold via long-term PPAs to European utilities and grid operators.
- Ownership category
- akta.pro rank
Elicio industry classification
Industry- Product category
- Renewable Wind Energy Generation
- NAICS
- Wind Electric Power Generation (221115), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)
- akta.pro secondary industries
- Onshore Wind Power Generation (Utility-Scale) (EUACAFAA), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support) (EUAMAFAI)
Keywords
Where Elicio is headquartered
LocationHeadquarters
- HQ city
- Oostende
- HQ country
- Belgium
- HQ region
- Europe
Offices4 records
Markets served
Elicio business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Technology or R&D, Infrastructure, Operations, Others
Revenue model
- Wind Energy Generation and Sales: Elicio generates electricity through its portfolio of operational onshore and offshore wind farms. The electricity is sold under long-term power purchase agreements (PPAs) or directly to energy utilities and grid operators across Europe. Revenue is generated from the sale of renewable electricity, with pricing typically tied to regulated tariffs or market rates.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Elicio product offering
Product offeringCore offering
Elicio is an international renewable energy producer that develops, builds, and operates onshore and offshore wind farms across Europe. The company generates electricity from 42 operational wind farms totaling 376 MW onshore capacity and holds a 24% share in 1.1 GW offshore capacity (primarily through the SeaMade consortium). Elicio sells the generated electricity under long-term power purchase agreements (PPAs) to energy utilities, grid operators, and large industrial consumers across Belgium, France, Serbia, Spain, and Scotland.
Product overview
Elicio is an international renewable energy producer specializing in wind energy, offering both onshore and offshore wind farm development, construction, and operations. The company operates a portfolio of 42 operational onshore wind farms totaling 376 MW capacity with 174 turbines, plus 1.1 GW offshore capacity (24% share). Key products include onshore wind farms across Belgium, France, Serbia, and Spain; offshore wind farms in the Belgian North Sea (SeaMade, 487 MW); and floating offshore wind development projects (Buchan Offshore Wind 1 GW in Scotland, Pennavel 250 MW in Brittany, Mestrèl in Mediterranean). The company also provides wind farm repowering services to modernize aging installations.
Differentiator
Problem solved
Functional benefit
Products and services
- Onshore Wind Energy Development, construction, and operation of onshore wind farms across Belgium, France, Serbia, and Spain. Elicio manages a portfolio of 42 operational wind farms totaling 376 MW capacity with 174 turbines.
- Offshore Wind Energy Development, construction, and operation of offshore wind farms in the North Sea and other maritime regions. Elicio holds a 24% share in 1.1 GW offshore capacity, including the SeaMade (487 MW, 58 turbines) consortium project.
- Wind Farm Repowering Upgrading and modernizing existing wind farms by replacing older turbines with newer, higher-capacity models. The Brugge III repowering project demonstrates replacing 7 turbines with 4 new units that produce twice the energy output.
Quantifiable outcome
- 42 operational wind farms generating renewable energy
- +2 more outcomes
Companies that use Elicio
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Elicio technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Elicio partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered major, core and minor.
- Q ENERGYmajorQ ENERGY joined the Pennavel consortium bringing additional technical, human, and industrial expertise. The partnership strengthens the project's economic, industrial, and ecological foundations for the 250 MW floating offshore wind project in Southern Brittany.
- BayWa r.e.coreBayWa r.e. and Elicio formed a consortium for floating offshore wind projects including Buchan Offshore Wind (1 GW in Scottish waters, NE8 site via ScotWind tender), Pennavel (250 MW in Southern Brittany), and Mestrèl (Mediterranean floating wind). The partnership combines offshore wind expertise with territorial anchoring experience for long-term project development.
- BW IdeolcorePart of the Floating Energy Alliance (FEA) consortium with BayWa r.e. for developing floating offshore wind projects. BW Ideol contributes floating wind technology expertise for Scottish and Mediterranean projects.
- OtarycoreOtary is the offshore wind farm developer and operator managing SeaMade (487 MW) and Rentel wind farms. Elicio is a shareholder in Otary and co-developer of SeaMade, contributing to nearly 800 MW of offshore capacity in the Belgian North Sea.
- NortherminorNorther is another Belgian offshore wind farm referenced in Elicio's industry association memberships (Belgian Offshore Platform).
- VWEA (Vlaamse Windenergie Associatie)minorElicio is a member of VWEA, the Flemish Wind Energy Association that unites actors in the wind energy sector including project developers, wind farm operators, and the supply industry.
- BOP (Belgian Offshore Platform)minorElicio is a member of BOP, the association of investors and owners of wind farms in the Belgian North Sea, established to advocate for offshore wind development.
Scale indicators5 records
Recent moves8 records
Expansion highlights5 records
Elicio competitors and assessment
Company assessmentBroad incumbents
- Engie (ENGIE): French multinational utility with substantial European renewables operations including offshore wind via Ocean Winds JV. Comparable as a French-headquartered utility active in European wind generation and PPA markets.
- Ørsted: Global offshore wind leader and Danish-listed renewable major. Comparable as an integrated offshore wind developer, owner and operator with utility-scale project portfolios across Europe, though materially larger and more diversified than Elicio.
- RWE Renewables: European utility with a large onshore and offshore wind portfolio across multiple countries. Comparable as a multi-jurisdiction wind IPP selling into European wholesale markets and corporate PPAs, though operating at much greater scale.
- Iberdrola Renovables: Spanish utility with one of the world's largest onshore and offshore wind footprints, including active development in the Bay of Biscay. Directly relevant as a Spanish-market wind operator where Elicio also has operations.
- EDP Renováveis: Portuguese-headquartered global wind operator with significant Spanish and broader European presence. Comparable as a multi-country onshore wind IPP selling electricity under PPAs and regulated frameworks.
- EDF Renewables: French utility's renewables arm, active in French onshore and floating offshore wind (including Brittany). Comparable as a French-market wind developer and operator competing for similar tenders and PPAs as Elicio France.
- Vattenfall: Swedish state-owned utility with significant European wind generation and active in UK/Scottish offshore wind tenders. Comparable as a multi-jurisdiction European wind IPP with comparable PPA-driven revenue model.
- Statkraft: Norwegian state-owned renewable energy generator with growing European wind portfolio. Comparable as a European-focused, hydro-and-wind IPP selling into wholesale and PPA markets.
Direct peers
- BayWa r.e. German-headquartered renewable energy developer and operator active in European wind, solar and storage. Direct peer and Elicio's consortium partner in Buchan, Pennavel and Mestrèl floating offshore wind projects; similar mid-sized European renewable IPP profile.
- Eneco: Dutch renewable energy company and co-investor alongside Elicio in the SeaMade and Rentel offshore wind consortia in the Belgian North Sea. Direct peer with overlapping Belgian offshore wind assets and customer base.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Elicio social profiles
Digital presenceElicio compliance and trust
Trust signalCompliance3 records
Elicio financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elicio leadership team
Management profileNumber of profiles
Profiles5 records
Elicio subsidiaries and ownership
Company hierarchySubsidiaries4 records
Elicio funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elicio 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 Elicio
What does Elicio do?
Elicio is an international renewable energy producer that develops, builds, and operates onshore and offshore wind farms across Europe. The company generates electricity from 42 operational wind farms totaling 376 MW onshore capacity and holds a 24% share in 1.1 GW offshore capacity (primarily through the SeaMade consortium). Elicio sells the generated electricity under long-term power purchase agreements (PPAs) to energy utilities, grid operators, and large industrial consumers across Belgium, France, Serbia, Spain, and Scotland.
Is Elicio a public or private company?
Elicio is a private company. It is classified as corporate owned and is currently operating.
When was Elicio founded?
Elicio was founded in 2014. It employs 11 to 50 people.
Where is Elicio based?
Elicio is headquartered in Oostende, Belgium, in the Europe region.
How does Elicio make money?
One revenue line is on record: wind Energy Generation and Sales.
Who are Elicio's main competitors?
Broad incumbents on record are Engie (ENGIE), Ørsted, RWE Renewables, Iberdrola Renovables, EDP Renováveis, EDF Renewables, Vattenfall and Statkraft. Direct peers are BayWa r.e. and Eneco.
Does Elicio have an API?
No public API is recorded for Elicio.
What industry is Elicio in?
Elicio's product category is Renewable Wind Energy Generation. Its primary akta.pro industry code is EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations), with a secondary code of EUACAFAA, Onshore Wind Power Generation (Utility-Scale). Its NAICS code is 221115 and its SIC code is 4911.