Salka Energy

What Salka Energy does

Salka Energy is a privately-held renewable energy project developer (organized as Salka LLC) headquartered in San Diego, California. Founded in 2011, the company develops, constructs, and arranges financing for utility-scale wind, solar, and energy storage projects, with current operations concentrated in California. Its core capabilities span the full project lifecycle: site origination, permitting (federal, state, and local), engineering and procurement, financing arrangement (including sponsor equity, tax equity, construction debt, term debt, and back leverage), construction oversight through commercial operation date (COD), and ongoing asset management. The active portfolio includes four principal projects: the Scott Haggerty Wind Energy Center (57.5 MW, operational in Alameda County, sold to Greenbacker Capital in July 2021), the Salka Cabazon Wind Farm (37.4 MW, operating, acquired October 2023 in Riverside County), the Viracocha Hill Project (225 MW wind + storage repowering in the Altamont Pass, expected COD Q4 2025), and the Pachacamac Project (up to 600 MW hybrid wind + solar + storage across 18,000+ acres in Merced and Stanislaus Counties, under development).

The firm's business model is a develop-and-divest approach: Salka secures long-term 20-year power purchase agreements with off-takers such as East Bay Community Energy (community choice aggregator) and the City of Riverside (municipal utility), develops and constructs the project with EPC partners (Mortenson, Blattner Energy) and equipment suppliers (Siemens Gamesa, GE turbines), and then sells completed projects to institutional asset owners while retaining asset management fees. Revenue streams thus include development fees, sponsor equity appreciation at sale, and ongoing asset management services. The leadership team brings 100+ years of combined wind development experience, with prior roles at Gamesa, GE Energy Financial Services, Acciona, Iberdrola, Enron Wind, and EDPR, and has financed 15+ projects representing over $2 billion in deployed capital across the United States, Canada, and Europe. The firm maintains a deep network of financial partners (JPMorgan Chase, Morgan Stanley, Deutsche Bank, UniCredit, Castlelake), engineering consultancies (Jacobs, Stantec, WSP), and legal advisors (Norton Rose Fulbright, Paul Hastings/Stroock, Cox Castle). Beyond California, Salka holds a 2011 Peruvian concession for up to 750 MW of wind development that remains an unexercised international option.

Name

Salka Energy

Legal name

Salka LLC

Website

https://salkaenergy.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Salka Energy is a San Diego-based renewable energy developer that originates, develops, finances, and constructs utility-scale wind, solar, and storage projects in California, selling completed projects to institutional asset owners under long-term PPAs with community energy programs and municipal utilities.

Ownership category

akta.pro rank

Product category

Utility-Scale Renewable Energy Development

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114)

akta.pro primary industry

Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ)

akta.pro secondary industries

Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI), Major Component Service & Overhauls (Gearboxes, Blades, Generators, Inverters, Turbines) (EUAMAGAF), Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

Keywords

• Utility-scale wind power
• Renewable energy development
• Wind farm repowering
• Power purchase agreements
• Project financing services

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Project Development and Asset Management: Salka develops, constructs, and manages utility-scale renewable energy projects from origination through commercial operation. Revenue is generated through development fees, sponsor equity appreciation, and ongoing asset management services.
2. Project Sales and Equity Exits: After development and achieving commercial operations, projects are sold to asset owners (e.g., Greenbacker Capital acquired Scott Haggerty Wind Energy Center). Salka retains equity stakes and arranges financing including sponsor equity, tax equity, construction debt, term debt, and back leverage debt.
3. Power Purchase Agreement Revenue: Projects secure 20-year PPAs with utilities and community energy programs (e.g., East Bay Community Energy, City of Riverside) providing long-term contracted revenue streams.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Salka Energy is a renewable energy company that develops, constructs, and arranges financing for utility-scale wind, solar, and energy storage projects. It originates sites, manages permitting, optimizes engineering and procurement, arranges multi-tranche financing, and oversees construction through commercial operation, then either sells or asset-manages the operating project for utilities, community energy programs, and asset investors.

Product overview

Salka Energy is a renewable energy company that develops, constructs, and arranges financing for utility-scale renewable energy projects. The company operates a portfolio of wind farm projects including the Scott Haggerty Wind Energy Center (57.5 MW, operational), Salka Cabazon Wind Farm (37.4 MW, operational), Viracocha Hill Project (225 MW, under development), and Pachacamac Project (up to 600 MW, under development). These projects span wind energy, solar, and energy storage technologies. The company also provides comprehensive project services including origination, permitting, engineering and procurement, financing arrangement, and construction and asset management.

Differentiator

Problem solved

Functional benefit

Products and services

• Scott Haggerty Wind Energy Center A 57.5 MW repowering project located in the high wind resource area of the Altamont Pass in Alameda County, CA. The project achieved commercial operations in July 2021 and provides renewable energy to approximately 20,000 homes while offsetting an estimated 4 million metric tons of CO2.
• Salka Cabazon Wind Farm An operating 37.4 MW wind farm located in Riverside County, CA near Palm Springs. Acquired by Salka in October 2023, the farm consists of 50 turbines (49 Zond Z48 and 1 RRB 47) and powers more than 11,000 homes.
• Viracocha Hill Project A 225 MW wind and energy storage repowering project in the Altamont Pass, Alameda County. The project is expected to achieve commercial operations in Q4 2025 and will provide renewable energy to approximately 25,000 homes while offsetting an estimated 6.48 million metric tons of CO2.
• Pachacamac Project A hybrid renewable energy project of up to 600 MW that will generate electricity via wind and solar resources with on-site energy storage capability. Located in Merced and Stanislaus Counties on over 18,000 acres, the project is expected to provide clean renewable energy to approximately 125,000 homes while offsetting an estimated 32.4 million metric tons of CO2.
• Project Origination Services Expert services in finding areas perfectly suited for new wind, solar and storage facilities, performed for utility-scale renewable energy developers and investors.
• Permitting Services Navigating the complex permitting process as well as federal, state and local regulations for renewable energy projects on behalf of project developers and asset owners.
• Engineering and Procurement Services Managing engineering and optimization of design, securing equipment, services, and power procurement contracts for utility-scale renewable energy projects.
• Financing Arrangement Services Arranging financing including sponsor equity, tax equity, construction, term and back leverage debt for utility-scale renewable energy projects.
• Construction and Asset Management Services Overseeing construction of projects through commercial operation date and ensuring efficient operation of assets during their useful life for renewable energy project owners.

Quantifiable outcome

• 72 million metric tons of CO2 offset by developed projects
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered core, major and minor.

• Algonquin PowercoreStrategic or Co-development PartnerPower generation company and utility operations partner; collaborated on renewable energy development projects
• Blattner EnergycoreImplementation/ SI/ Consulting PartnerEPC contractor and construction partner for wind energy projects; provides engineering, procurement, and construction services
• MortensoncoreImplementation/ SI/ Consulting PartnerTop-tier EPC contractor providing construction and engineering services for renewable energy projects
• Siemens GamesacoreTechnology or IntegrationWind turbine manufacturer and equipment supplier providing turbines for wind farm construction and repowering projects
• JacobsmajorImplementation/ SI/ Consulting PartnerEngineering and technical consulting firm (formerly CH2M) providing project engineering, environmental, and permitting services
• StantecmajorImplementation/ SI/ Consulting PartnerEngineering and design consultancy providing environmental assessment, permitting, and engineering services
• Paul Hastings/StroockmajorOthersLegal counsel providing transactional, regulatory, and financing legal support for project development
• Norton Rose FulbrightmajorOthersInternational law firm providing legal counsel for project finance, regulatory, and transactional matters
• Cox CastlemajorOthersReal estate law firm providing land acquisition, lease negotiations, and property rights counsel
• Ignis EnergiaminorStrategic or Co-development PartnerSpanish renewable energy developer with development capabilities in international markets
• DK ConsultingminorImplementation/ SI/ Consulting PartnerEnergy consulting firm providing technical advisory and development support
• WSP (formerly Ecology and Environment)majorImplementation/ SI/ Consulting PartnerEnvironmental consulting firm providing environmental impact assessments, permitting, and sustainability advisory

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Boralex: Independent renewable energy developer with utility-scale wind, solar, and storage projects across North America and Europe. Similar integrated development-to-asset-management model and recent pivot toward hybrid renewable + storage projects.
• Pattern Energy: Utility-scale wind and solar developer and operator across North America with project development, financing, and asset management capabilities — directly comparable to Salka's wind/solar/storage development model and PPA-driven revenue streams.
• Innergex Renewable Energy: Canadian independent renewable power producer developing and operating wind, solar, and hydro projects in North America, Europe, and Latin America. Comparable developer-operator model with multi-jurisdictional development exposure Salka lacks today.
• Avangrid Renewables: Owns and operates utility-scale wind and solar projects across the U.S., with active repowering of legacy wind sites. Comparable to Salka's Altamont Pass repowering focus and 20-year PPA structure.
• EDF Renewables North America: Develops, builds, and operates utility-scale wind, solar, and storage projects in North America with full origination-to-asset-management capabilities; closely aligned with Salka's California wind development focus and community engagement approach.

Broad incumbents

• Clearway Energy Group: Owns and operates contracted renewable generation across the U.S., including wind and solar. Comparable as a downstream acquirer-class counterparty (analogous to Greenbacker Capital in Salka's Scott Haggerty transaction) and direct competitor for utility-scale PPA opportunities.
• NextEra Energy Resources: Largest U.S. renewable energy developer and operator (a subsidiary of NextEra Energy). Documented counterparty with Salka on Altamont Pass site re-energization; represents the scale benchmark against which Salka's pipeline competes.
• Engie North America: Develops and operates utility-scale wind, solar, and storage in North America. Larger, more diversified peer competing for the same PPA and interconnection capacity that Salka is pursuing.

Others

• Greenbacker Capital Management: Renewable energy asset investor and fund manager that acquired Salka's Scott Haggerty Wind Energy Center in 2021. Comparable as a downstream acquirer and recurring capital counterparty in Salka's develop-and-sell model.

Emerging players

• Scout Clean Energy: U.S. utility-scale wind, solar, and storage developer with a multi-GW pipeline across the Midwest and West. Closely comparable to Salka's growth-stage development profile and hybrid storage pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/salka-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Salka Energy