Renewco Power
Renewco Power is a UK-headquartered utility-scale renewable energy developer founded in 2021, building solar, onshore wind, battery storage, and green hydrogen projects across the UK, Spain, Italy, and the United States for sale to infrastructure investors and utilities.
- Company typePrivate
- Founded2021
- HeadquartersGlasgow, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Renewco Power does
Renewco Power is a UK-headquartered utility-scale renewable energy project developer founded in September 2021. The company develops solar, onshore wind, battery energy storage (BESS), and green hydrogen projects across four markets — the UK, Spain, Italy, and the United States — through a combination of in-house greenfield development and co-development partnerships with local developers. As of late 2025, Renewco reports a project pipeline exceeding 7 GW across these four technologies, with 94 projects totalling approximately 8 GW as of 2024 across UK, Spain, and Italy alone, and a US joint venture with Beaufort Rosemary targeting 3 GW.
The underlying technology is a project development platform rather than a software or hardware product. It combines GIS-based site identification, multi-technology engineering (solar PV, wind, BESS, electrolysis), permitting and grid-connection management, and project finance structuring. Core proprietary features include integrated multi-technology development enabling hybrid and co-located solutions, and a geographically distributed pipeline management capability across UK, Spain, Italy, and the US. The team uses conventional GIS tooling for site analysis rather than disclosed AI/ML systems.
Renewco's business model is asset-light and project-based: the company originates, develops, and advances renewable projects from greenfield through to ready-to-build stage, then exits via sale to infrastructure funds, utilities, or independent power producers. Revenue is generated through one-off project exits and co-development fees with partners such as Locogen (Scotland), Atlantica (Spain, BESS), Texla, and Beaufort Rosemary (US). The company is privately held and does not publicly disclose pricing or contract values, with all deals negotiated on a project-by-project basis. As of December 2025, total funding commitments stand at approximately £53 million (£24m from SSE at launch and £29m in the December 2025 round led by the Scottish National Investment Bank via Corran Capital), supporting the team of around 36 professionals operating from Edinburgh, Glasgow, London, Madrid, and Richmond/Houston in the US.
Renewco Power firmographics
Firmographics- Name
- Renewco Power
- Legal name
- Renewco Power Limited
- Website
- https://renewcopower.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Renewco Power is a UK-headquartered utility-scale renewable energy developer founded in 2021, building solar, onshore wind, battery storage, and green hydrogen projects across the UK, Spain, Italy, and the United States for sale to infrastructure investors and utilities.
- Ownership category
- akta.pro rank
Renewco Power industry classification
Industry- Product category
- Renewable Energy Project Development
- NAICS
- Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Power and Communication Line and Related Structures Construction (237130)
- SIC
- Water, Sewer, Pipeline, Comm & Power Line Construction (1623)
- akta.pro primary industry
- Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)
- akta.pro secondary industries
- Repowering, Life Extension & Upgrades (Retrofits, Controls/Software, Uprates) (EUAMAGAN), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)
Keywords
Where Renewco Power is headquartered
LocationHeadquarters
- HQ city
- Glasgow
- HQ country
- United Kingdom
- HQ region
- Europe
Offices6 records
Markets served
Renewco Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Project development and exit: Develops utility-scale renewable energy projects from origination through to ready-to-build stage, then exits through sale to infrastructure funds or utilities
- Co-development fees: Revenue from joint development partnerships with local developers, sharing development costs and returns
- Project acquisition and value creation: Acquires early-stage project pipelines, advances development, and creates value for eventual sale
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Renewco Power product offering
Product offeringCore offering
Renewco Power develops utility-scale renewable energy projects—solar, onshore wind, battery energy storage systems (BESS) and green hydrogen—across the UK, Spain, Italy and the United States. The company originates sites via landowner agreements, takes projects through permitting, grid connection and financing to ready-to-build stage, then sells or co-develops them with infrastructure funds, utilities and IPPs. It also offers repowering services to upgrade existing renewable assets and has built a development pipeline exceeding 7GW.
Product overview
Renewco Power is a multi-technology renewable energy project developer offering utility-scale solar, onshore wind, battery storage (BESS), and green hydrogen project development services. The company operates across the UK, Spain, and Italy, developing projects through internal greenfield development teams and co-development partnerships. Their services span the full project lifecycle from site identification through construction, with a focus on projects exceeding 50MW capacity. The company also offers repowering services for existing renewable assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-scale Solar Project Development
Quantifiable outcome
- Target of 4GW+ capacity development within 5 years of launch
- +2 more outcomes
Companies that use Renewco Power
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Renewco Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Renewco Power partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- AtlanticacoreStrategic partnership agreement to develop battery storage projects across Spain, announced March 2025.
- TexlaminorStrategic partnership announced for new renewable energy development opportunities.
- LocogenminorDevelopment partner for the Glenniston Solar Project in Fife, Scotland (39MW solar with 10MW co-located battery storage).
- Beaufort RosemarycoreVirginia-based US developer with 1.5GW solar and 500MW battery storage pipeline. Partnership includes acquisition of their project pipeline and joint venture to develop 3GW of projects in the US Southeast and Midwest within 5 years.
Scale indicators10 records
Recent moves9 records
Expansion highlights6 records
Renewco Power competitors and assessment
Company assessmentBroad incumbents
- Statkraft: Norwegian state-owned hydropower giant and Europe's largest renewable energy generator that acquired Solarcentury (founded by Renewco's co-founder Frans van den Heuvel). Directly comparable as a utility-scale wind, solar, and hydro developer with project development platforms across Europe.
- EDF Renewables: Renewable energy development arm of EDF Group operating across wind, solar, and storage globally. Comparable as a utility-scale renewable developer with significant UK and European presence that competes with Renewco for projects, land, and grid connections.
- RWE Renewables: Global renewable energy developer and operator with major onshore wind, solar, and battery storage pipelines across Europe and the US. Comparable as a broad incumbent utility-scale developer competing in similar UK, Spanish, Italian, and US markets.
- Enel Green Power: Global renewable energy developer and operator with utility-scale solar, wind, and storage across Europe, the Americas, and beyond. Comparable as a broad incumbent that hires from the same talent pool (multiple Renewco team members came from Enel Green Power) and competes in similar geographies.
- Iberdrola Renewables: Spanish-headquartered global renewable energy developer with major onshore wind, solar, and storage pipelines, especially in Spain and the UK (through ScottishPower). Comparable as a dominant incumbent in Renewco's core European markets with stronger balance sheet and existing pipeline.
- ScottishPower Renewables: UK subsidiary of Iberdrola and one of the UK's largest renewable energy developers with significant onshore wind, offshore wind, and solar pipelines. Comparable as a broad incumbent UK developer that multiple Renewco senior hires came from (Richard Koiak, Stuart Mason, Alasdair Laurenson, Ryan Bunyan).
Direct peers
- Cero Generation: European utility-scale solar and battery storage developer backed by Macquarie Asset Management. Directly comparable as a specialist solar/storage development platform operating across European markets including Italy and Spain, with a similar project sale-to-investor business model.
- Low Carbon: UK-based renewable energy developer focused on solar, wind, and storage projects across the UK and Europe. Directly comparable as a privately-held, multi-technology renewable development platform with similar GTM and exit-to-infrastructure-funds model.
- BayWa r.e. Germany-based global renewable energy developer, trader, and services provider with significant solar, wind, and storage development across Europe and the US. Comparable as a privately-held, multi-technology developer with project sales business model and similar European footprint.
- Enfinity Global: US-headquartered global renewable energy developer focused on utility-scale solar and storage. Comparable as a multi-geography renewable developer competing for similar infrastructure fund exits, with active Italian operations (a Renewco Senior Land Manager joined from Enfinity Global).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Renewco Power social profiles
Digital presenceRenewco Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Renewco Power leadership team
Management profileNumber of profiles
Profiles18 records
Renewco Power funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Renewco Power 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 Renewco Power
What does Renewco Power do?
Renewco Power develops utility-scale renewable energy projects—solar, onshore wind, battery energy storage systems (BESS) and green hydrogen—across the UK, Spain, Italy and the United States. The company originates sites via landowner agreements, takes projects through permitting, grid connection and financing to ready-to-build stage, then sells or co-develops them with infrastructure funds, utilities and IPPs. It also offers repowering services to upgrade existing renewable assets and has built a development pipeline exceeding 7GW.
Is Renewco Power a public or private company?
Renewco Power is a private company. It is classified as venture growth investor backed and is currently operating.
When was Renewco Power founded?
Renewco Power was founded in 2021. It employs 11 to 50 people.
Where is Renewco Power based?
Renewco Power is headquartered in Glasgow, United Kingdom, in the Europe region.
How does Renewco Power make money?
Three revenue lines are on record. Project development and exit is the primary driver. The others are co-development fees and project acquisition and value creation.
Who are Renewco Power's main competitors?
Broad incumbents on record are Statkraft, EDF Renewables, RWE Renewables, Enel Green Power, Iberdrola Renewables and ScottishPower Renewables. Direct peers are Cero Generation, Low Carbon, BayWa r.e. and Enfinity Global.
Does Renewco Power have an API?
No public API is recorded for Renewco Power.
What industry is Renewco Power in?
Renewco Power's product category is Renewable Energy Project Development. Its primary akta.pro industry code is EUAMAOAI, Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls), with a secondary code of EUAMAGAN, Repowering, Life Extension & Upgrades (Retrofits, Controls/Software, Uprates). Its NAICS code is 221114 and its SIC code is 1623.