Univergy Solar

Name

Univergy Solar

Legal name

UNIVERGY INTERNATIONAL S.L.

Website

https://univergysolar.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Project Development

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111), Wind Electric Power Generation (221115)

SIC

Electric Services (4911)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Solar Design, Engineering & Performance Software (PV Modeling, Digital Twins, Monitoring) (EUAMABAH)

Keywords

• Solar energy development
• Wind energy projects
• Green hydrogen production
• Battery storage systems
• EPC construction services

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices16 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy Project Development: Full-cycle project development from opportunity identification to ready-to-build phase for solar, wind, hydrogen, and battery storage projects. Revenue generated through project development fees and eventual sale or retained ownership of developed projects.
2. EPC Construction Services: Engineering, Procurement, and Construction services for renewable energy plants. Company acts as main contractor or subcontractor with maximum flexibility. More than 400 MW built to date with 330 MW under construction and 280 MW delivered.
3. Operation and Maintenance (O&M): Comprehensive O&M services for renewable energy assets including preventive, predictive, and corrective maintenance. Services backed by 24/7 monitoring center and customized based on geographic, technical, economic and regulatory characteristics.
4. Joint Venture Holdings: Strategic stakes in joint ventures including Hinode Energy (50-50 with Macquarie in Japan), Nara Solar (50% sold to Cero Generation), and GreenVolt Next España, generating returns through partnership structures.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Univergy Solar is a renewable energy project developer that performs the full lifecycle of utility-scale solar, wind, green hydrogen, and battery storage projects, from opportunity identification, land selection, permitting, and engineering through EPC construction and ongoing operation and maintenance. The company also develops commercial and industrial solar self-consumption solutions through its GreenVolt Next España joint venture and co-invests in pipeline assets alongside financial partners such as Macquarie Group.

Product overview

Univergy Solar is a renewable energy development company specializing in the complete project lifecycle for solar, wind, green hydrogen, and battery storage technologies. The company operates as an integrated platform offering development services (site selection, feasibility, permitting, engineering), EPC construction services for turnkey plant delivery, and ongoing operation and maintenance with 24/7 monitoring. The core offering consists of seven interconnected service lines: Solar Energy Development, Wind Energy Development, Green Hydrogen Solutions, Battery Storage Systems (BESS), EPC Construction, Operation and Maintenance (O&M), and Engineering and Environment Services. Projects span multiple geographies including Spain, Japan, Philippines, Taiwan, and the Netherlands, with pipeline capacity measured in gigawatts across these renewable energy vectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Energy Development Development of utility-scale photovoltaic solar energy projects covering all stages from opportunity identification to ready-to-build phase, including land selection, feasibility studies, permitting, engineering, equipment acquisition, and power purchase agreement contracting, targeted at utilities, energy companies, and industrial clients.
• Wind Energy Development Development of onshore and offshore wind energy projects that convert kinetic wind energy into electricity through aerogenerators, targeted at utilities, energy companies, and large industrial clients seeking renewable energy portfolios.
• Green Hydrogen Solutions Production of green hydrogen using water electrolysis powered by renewable electricity, enabling electrification of transport and sustainable mobility and substituting fossil fuels, targeted at industrial and mobility clients.
• Battery Storage Systems (BESS) Stand-alone battery energy storage systems connected directly to transmission or distribution grids, utilizing LFP (lithium-ferrophosphate) technology to support renewable energy integration and grid stability, targeted at utilities and grid operators.
• EPC Construction Services Engineering, procurement, and construction services for renewable energy plants including ground, rooftop, canopy, and floating solar installations, providing turnkey solutions from design through commissioning as main contractor or subcontractor.
• Operation and Maintenance (O&M) Comprehensive operation and maintenance services for renewable energy assets including 24/7 monitoring from control centers, predictive and preventive maintenance, spare parts management, and performance optimization to maximize plant productivity and extend asset lifespan.
• Engineering and Environment Services Environmental studies, engineering design, permitting, and regulatory compliance services covering all phases of solar and battery storage project development from initial feasibility through construction, targeted at project developers and asset owners.

Quantifiable outcome

• Over 95% of projects reach construction phase after land and interconnection secured
• +4 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

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

• Greenvolt GroupmajorStrategic or Co-development Partner · 1 January 2022Agreement with Portuguese multinational renewable energy group to launch GreenVolt Next España, company specialized in solar self-consumption for commercial and industrial sector in Spain.
• Hinode EnergycoreStrategic or Co-development Partner · 1 January 202150-50 joint venture with Macquarie Group specializing in large-scale solar energy projects based in Tokyo, Japan. Represents 427.11 MW of total pipeline capacity. Key partnership for Asia-Pacific expansion and Japanese market presence.
• Nara SolarcoreStrategic or Co-development Partner · 1 January 2019Strategic partnership with Macquarie for development of solar projects in Spain, France, and Netherlands. Univergy sold 50% stake to Cero Generation in 2023, strengthening group's financial structure while continuing strategic plan implementation.
• Kolya EnergymajorStrategic or Co-development PartnerPartnership for renewable energy project development in USA (940 MW) and Mexico (162.5 MW). Total of 1,102 MW of pipeline capacity through Kolya partnerships in the Americas.
• CubeminorStrategic or Co-development PartnerPartnership contributing 374.22 MW to total pipeline through collaborative project development arrangements.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Greenvolt: Portuguese multinational renewable energy developer and operator. Direct peer to Univergy with overlapping solar, wind, and biomass project activities across Iberia; the two companies are also joint venture partners in GreenVolt Next España.
• Cero Generation: European solar energy developer focused on utility-scale projects in Spain, France, and Netherlands. Cero acquired 50% of Nara Solar from Univergy in 2023, making it a direct competitor in the same geographies and a former JV partner.
• Solarpack (ES): Spanish solar developer that developed utility-scale PV projects across Iberia, LATAM, and APAC before being acquired by Eni. Comparable to Univergy in target markets, project size, and EPC-plus-development hybrid model.
• Solaria Energía y Medio Ambiente: Madrid-based solar PV developer and IPP with projects across Spain, Italy, and LATAM. Direct peer in Iberian solar development, with comparable focus on utility-scale generation and corporate PPA customers.
• Audax Renovables: Spanish renewable energy developer and energy retailer with operations across Iberia and Europe. Comparable to Univergy in target markets (Spain, Italy, Poland) and customer segments (industrial and commercial self-consumption).
• BayWa r.e. Global renewable energy developer with project development, EPC, and O&M services across solar, wind, and storage. Comparable to Univergy's integrated value chain and global geographic footprint spanning Europe, Asia-Pacific, and Americas.

Broad incumbents

• Lightsource bp: Global utility-scale solar developer and IPP backed by BP. Comparable to Univergy in solar project development focus and global footprint, but operates at much larger scale with deep corporate backing.
• Acciona Energía: Major Spanish renewable energy IPP with wind, solar, and storage assets globally. Comparable to Univergy in core technologies (solar, wind, BESS) and Iberian headquarters, but operates a much larger utility-scale portfolio.
• Enel Green Power: Global renewable energy developer owned by Enel Group. Comparable to Univergy in technology mix (solar, wind, storage, hydrogen) and global footprint, but operates at vastly larger scale with integrated utility ownership.
• Iberdrola Renovables: Spanish-headquartered global renewable energy developer with projects in solar, wind, and hydrogen. Comparable to Univergy in Iberian base and technology portfolio, but operates a much larger installed capacity and project pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/univergysolar
• YouTubeyoutube.com/channel/UCpGyCguL4lwQJvcmnyStG-g
• Facebookfacebook.com/univergysolar
• LinkedInlinkedin.com/company/univergysolar
• Instagraminstagram.com/univergysolar

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 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 Univergy Solar