What Forestalia does

Forestalia Renovables, S.L. is a Spanish independent power producer (IPP) founded in 2011, registered in Madrid with its operational headquarters in Zaragoza, Aragon. The company develops, finances, constructs, and operates utility-scale renewable energy assets across three technologies: onshore wind, solar photovoltaic, and biomass. Forestalia operates a portfolio of 534 MW of wind capacity across the Goya and Phoenix projects plus the 48.7 MW El Aliagar PV plant, and has stated a project pipeline exceeding 10 GW in execution and processing. Its wholly-owned subsidiary Athmos Sostenibilidad delivers environmental, social, and governance (ESG) monitoring across all phases, including biodiversity and cultural heritage protection, with a proprietary bat collision deterrence system that has reduced bat mortality by 67% at several wind farms. Forestalia also operates biomass capacity at Cubillos del Sil with circular economy integration (water cycle management, CO2 capture, ash valorization).

Forestalia generates revenue through four streams: wholesale electricity sales from owned assets into the Spanish market (FY2021 revenue of EUR 293 million), bilateral Power Purchase Agreements with large corporate consumers such as Banco Sabadell, regulated capacity payments from Spanish government renewable auctions where it has been awarded five times, and project development services for third-party co-developers such as Repsol and Bruc. The distribution model relies on enterprise field sales to large industrial and corporate energy consumers, event-driven activity through government auctions and industry conferences, and a community engagement model offering free electricity to host municipalities (covering more than 100 Aragonese municipalities across 14 comarcas) to secure social license for development. International exploration includes offices in Sardinia, Italy and Marseille, France under the Forestalia Sarda and Forestalia Marsella brands.

Strategic positioning is anchored in Aragon's wind resource depth, certified asset management systems (ISO 9001, 14001, 45001, and 55001), and a growing institutional capital base supported by EUR 65 million in IKAV financing for approximately 800 MW of capacity, a framework agreement with GE Vernova for turbine supply, and a EUR 12 billion plan to build three data centers in Zaragoza by 2030. Recent partnerships include a EUR 1 billion+ industrial self-consumption platform with CGE (a CATL subsidiary) targeting 700-1,000 MW and a 1,600+ MW power hybridization project with Repsol. Ownership remains with the Samper family, with a March 2026 governance restructuring separating ownership from management and engaging Cuatrecasas and Hogan Lovells International as independent compliance advisors.

Name

Forestalia

Legal name

FORESTALIA RENOVABLES, S.L.

Website

https://forestalia.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Forestalia is a Spanish independent renewable energy producer (IPP) founded in 2011, developing and operating wind, photovoltaic, and biomass projects in Aragon for large industrial consumers, corporate PPA buyers, and Spanish government auctions.

Ownership category

akta.pro rank

Product category

Renewable Energy / Independent Power Production

NAICS

Electric Power Generation, Transmission and Distribution (2211), Biomass Electric Power Generation (221117)

SIC

Electric Services (4911)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industries

Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE), Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA), Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ), Development-Stage M&A & Portfolio Acquisition (Early-Stage/Ready-to-Build) (EUAMAAAF)

Keywords

• Renewable energy development
• Wind power generation
• Solar photovoltaic projects
• Biomass energy plants
• Independent power producer

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Electricity Sales (IPP Model): Forestalia generates revenue by producing and selling electricity from its owned and co-owned wind, solar, and biomass generation assets into the Spanish electricity market. As an IPP, it operates assets it has developed and holds in its portfolio, selling power at market prices or through regulated mechanisms. The company had revenues of EUR 293 million in 2021.
2. Power Purchase Agreements (PPAs): Bilateral long-term contracts selling renewable electricity directly to large corporate clients (e.g., Banco Sabadell), providing stable off-take revenue and price certainty for both parties.
3. Government Auction Capacity Payments: Forestalia participates in Spain's renewable energy auctions conducted by the national administration and has been awarded capacity five times (e.g., 45.5 MW in one auction round), earning regulated capacity payments.
4. Project Development Services for Third Parties: Forestalia develops renewable projects for third-party investors and co-development partners (e.g., Bruc, Repsol), earning development fees or co-investing alongside partners.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Forestalia is an Independent Power Producer (IPP) that develops, promotes, finances, constructs, and operates utility-scale renewable energy projects across three technologies: wind, solar photovoltaic, and biomass. The company sells electricity generated from its own and co-owned assets through wholesale market sales, long-term bilateral Power Purchase Agreements (PPAs) with large corporate buyers, and regulated government auction capacity awards. It maintains a project portfolio exceeding 10 GW with a strategic target of at least 1.2 GW under direct operation.

Product overview

Forestalia is a Spanish independent renewable energy developer and Independent Power Producer (IPP) operating across three core generation technologies: wind energy (eólica), solar photovoltaic (fotovoltaica), and biomass energy (biomasa). The company develops, promotes, constructs, and manages renewable energy projects primarily in Aragon, Spain, maintaining a strategic target of at least 1.2 GW of direct operation capacity. Its portfolio includes operational wind farms (Goya with 534 MW, Phoenix, and El Campillo with 48.8 MW), photovoltaic installations (including the 48.7 MW Aliagar plant), and biomass facilities. Forestalia operates through its Athmos Sostenibilidad subsidiary for sustainability monitoring and offers community participation programs providing electricity gratuity to local municipalities. The company also has strategic partnerships for data center development and industrial self-consumption platforms.

Differentiator

Problem solved

Functional benefit

Brands

• Athmos Sostenibilidad: Subsidiary specialized in monitoring environmental, social, and governance (ESG) compliance across all phases of renewable energy projects, both in construction and operation, overseeing environmental protection and heritage conservation.

Products and services

• Wind Energy Projects (Eólica) Utility-scale wind farm development, construction, and operation across Spain. Forestalia maintains a strategic target of at least 1.2 GW of direct operation capacity as an Independent Power Producer (IPP).
• Solar Photovoltaic Projects (Fotovoltaica) Development and operation of utility-scale solar photovoltaic installations and industrial self-consumption platforms, including the 48.7 MW Aliagar plant in San Mateo de Gállego.
• Biomass Energy (Biomasa) Electricity generation from forest and agricultural residues at biomass power plants such as the Cubillos del Sil facility in El Bierzo, applying circular economy principles including water cycle management, CO2 capture and reuse, and ash valorization.
• El Campillo Wind Farm A 48.8 MW wind farm consisting of eight turbines located in Zaragoza municipality, operational since January 2025, representing a EUR 47 million investment and avoiding 30,000 tonnes of CO2 emissions annually.
• Goya Wind Project A portfolio of 17 wind farms with combined capacity of 534 MW in Aragón, producing 1,047,565 MWh and avoiding 265,767 tonnes of CO2 emissions annually, equivalent to 323,322 households' annual consumption.
• Phoenix Wind Project Wind farm portfolio integrated with the Goya project, contributing to Forestalia's 534 MW of operational wind capacity in Aragón.
• Athmos Sostenibilidad ESG Monitoring Services Specialized consultancy monitoring environmental, social, and governance (ESG) compliance parameters across all phases of renewable energy project development, including bat collision prevention (reducing bat mortality by 67% in several Aragonese wind farms) and protection of archaeological, paleontological, and historical heritage.
• Community Participation Programs (Participación Comunitaria) Voluntary community benefit programs providing free electricity consumption to residents of municipalities hosting Forestalia projects, covering over 100 Aragonese municipalities across 14 comarcas along with socio-economic development support.

Quantifiable outcome

• 265,767 tonnes of CO2 avoided annually from Goya and Phoenix wind farms (534 MW)
• +4 more outcomes

Named customers2 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

Feature3 records

Partnerships

13 partnerships are on record, tiered minor and core.

• SGS ICS IbéricaminorImplementation/ SI/ Consulting Partner · 23 June 2026SGS ICS Ibérica conducted the surveillance audit that renewed Forestalia's ISO 55001:2015 asset management certification. The audit covered Forestalia Renovables S.L. operations in Zaragoza and Madrid.
• Fundación DiversidadminorOthers · 3 June 2026Fundación Diversidad, backed by the European Commission, evaluates diversity, equity, and inclusion (DE&I) policies among Carta de la Diversidad signatories. Forestalia achieved a score of 39.79% female workforce representation and 39.57% in intermediate leadership roles, above sector averages.
• PrevenControlminorImplementation/ SI/ Consulting Partner · 28 April 2026PrevenControl collaborated with Forestalia in 2025 to conduct a preventive culture diagnostic across Forestalia and Athmos Sostenibilidad, applying quantitative and qualitative tools including the NOSACQ-50 questionnaire, interviews, and focus groups.
• CuatrecasasminorImplementation/ SI/ Consulting Partner · 8 April 2026Cuatrecasas, a leading Spanish law firm, acted as advisor in developing Forestalia's internal governance protocol separating ownership from management. Also retained as external independent compliance advisor alongside Hogan Lovells International to further develop Forestalia's compliance framework.
• Hogan Lovells InternationalminorImplementation/ SI/ Consulting Partner · 8 April 2026Hogan Lovells International retained as external independent compliance advisor to develop Forestalia's compliance framework aligned with international standards, working alongside Cuatrecasas.
• RepsolcoreStrategic or Co-development Partner · 17 October 2025Forestalia and Repsol are collaborating on Spain's largest power hybridization project in Aragon, integrating a combined cycle power plant with wind farms for over 1,600 MW capacity. The project also supports the development of a large data center with high renewable energy self-consumption capabilities. The hybridization aims to optimize renewable resources and stabilize power supply.
• GE VernovacoreTechnology or Integration · 4 August 2025GE Vernova has signed an agreement to supply Forestalia with eight of its 6.1 MW-158m wind turbines for projects in Spain. This agreement builds on a framework the two companies first announced in December 2023 to support Spain's wind energy development as the country aims to install 62 GW of wind capacity by 2030.
• Instituto Aragonés de Fomento (IAF)minorOthers · 30 December 2024IAF organizes the annual Aragón Business Meeting and awards the Sello RSA (Social Responsibility Seal). Forestalia and Athmos Sostenibilidad renewed their RSA seals at the 2024 edition in Zaragoza.
• Universidad de ZaragozaminorStrategic or Co-development Partner · 18 July 2024Forestalia and Universidad de Zaragoza created a joint chair (Cátedra Forestalia) on Renewable Energies and Industrial Competitiveness. The chair promotes research, publications, doctoral theses, conferences, and awards on renewable hybridization, biodiversity compatibility, and industrial decarbonization. Includes student internship programs and career orientation.
• Contemporary Green Energy (CGE) — CATL SubsidiarycoreStrategic or Co-development Partner · 23 May 2024Forestalia signed a framework agreement with CGE (owned by CATL, the world's largest lithium-ion battery manufacturer) to develop the largest industrial renewable self-consumption platform in Spain, jointly developing 700–1,000 MW of solar, wind, and battery plants in Aragon with an investment exceeding EUR 1 billion. First phase targeted 2025–2026 construction, commissioning 2027–2028.
• Clúster de la Energía de Aragón (CLENAR)minorOthers · 23 May 2024CLENAR is an energy cluster association in Aragon. Forestalia is a member and sponsor, participating in events like La Noche de la Energía. CLENAR connects Forestalia with other Aragonese energy sector companies and facilitates knowledge sharing.
• BruccoreStrategic or Co-development Partner · 27 July 2022Forestalia and Bruc are jointly developing over 1,500 MW of photovoltaic projects in the province of Teruel (Andorra Sierra de Arcos, Bajo Martín, Comunidad de Teruel, and Jiloca comarcas). Benefits are directed to local communities through the Transition Just Agreement.
• InfoJobsminorChannel Partner/ Reseller/ DistributorForestalia lists job vacancies on InfoJobs, a major Spanish online recruitment platform, to attract talent across controller, asset manager, accountant, project engineer, and wind engineering roles.

Scale indicators14 records

Recent moves9 records

Expansion highlights7 records

Others

• GE Vernova: Wind turbine OEM and partner that supplies Forestalia with 6.1 MW turbines. Adjacent as an enabling technology provider and framework agreement partner rather than a direct renewable-generation competitor.

Direct peers

• Audax Renovables: Spanish renewable energy retailer and IPP active in generation and supply across Iberia and Europe. Comparable to Forestalia via direct electricity sales, PPA contracting, and renewable project development.
• Greenalia: Galician renewable developer and IPP focused on wind, biomass, and solar. Mirrors Forestalia's multi-tech Iberian IPP model with strong biomass expertise in Spain.
• Acciona Energía: Spanish-listed renewable IPP and developer with a multi-technology portfolio (wind, solar PV, hydro, biomass) and a global operational footprint. Most direct competitor to Forestalia in the Spanish IPP market with overlapping auction, PPA, and community-engagement approaches.
• Solaria Energía y Medio Ambiente: Spanish-listed solar PV IPP and developer with utility-scale projects in Spain and Portugal. Comparable to Forestalia's PV development arm and IPP revenue model, though more solar-concentrated.

Emerging players

• Econergy Renewable Energy: Israel-headquartered renewable developer with significant Iberian project pipeline in wind and solar PV. Comparable to Forestalia as a developer targeting utility-scale renewables in Aragón-adjacent regions.
• Sonnedix: Global solar PV IPP owner-operator with European focus. Comparable to Forestalia's PV IPP ambitions and PPA-based revenue model, though narrower technology focus.

Broad incumbents

• Repsol Renovables: Renewable arm of major Spanish integrated energy major. Overlaps with Forestalia in the 1,600+ MW Aragón hybridization project and broader Spanish wind/solar development, but operates as part of a much larger oil-and-gas conglomerate.
• Iberdrola Renovables: World-leading global renewable utility with substantial Spanish wind and PV assets. Competes with Forestalia in Spanish auctions and corporate PPAs at much larger scale within a major listed utility.
• Endesa (Enel Green Power España): Spanish utility arm of Enel with large renewable generation portfolio. Comparable in asset class and Spanish market footprint, but operates at much larger scale within a vertically integrated utility group.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInes.linkedin.com/company/forestalia

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

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 Forestalia