What Geen Holding does

Geen Holding a.s. is a privately held Czech renewable energy group founded in 2009 and headquartered in Brno that develops, owns, and operates a diversified portfolio of 21 power plants totaling 32.6 MW of installed capacity across the Czech Republic, Slovakia, Croatia, and Georgia. The portfolio spans three renewable technologies: photovoltaic (FVE) solar, small-scale hydropower (MVE/VE), and biomass combustion, with the latter concentrated in Croatia under the Energana brand (Benkovac, Županja, and Gospić). Beyond generation, Geen runs GEEN Sale, a retail electricity and gas utility serving 50,000+ household and business customers via fixed and spot-price tariffs; GEEN OPTIM, an energy-audit and LED-lighting efficiency service for industrial clients; and a pellet/briquet production line that converts biomass byproducts into ENplus A1 certified heating fuel for export to Italy, Austria, and Slovenia. A 24/7 monitoring center in Brno supervises all plants centrally.

Geen's revenue mechanics are multi-stream: wholesale electricity and heat sales to grid operators and Croatian state off-takers under long-term guaranteed purchase contracts (the primary contracted cash-flow layer); retail electricity and gas margin from GEEN Sale; pellet and briquet sales; and industrial energy-efficiency project revenue. Since 2012, the company has financed growth primarily through a corporate bond program (GEEN Development energy bonds, with multiple series at 5-9% coupons and maturities through 2032), repaying approximately 3.3 billion CZK of principal and 1 billion CZK of coupons over 12 years. In October 2024, the group executed its first equity raise via a 49% share offering in subsidiary GEEN CJ CENTRAL a.s. (valued at 890 million CZK), with management publicly signaling a stock exchange listing within three years.

Operationally, Geen reports EBITDA of approximately 423 million CZK on revenue of roughly 1.22-1.37 billion CZK (2022-2023), with equity capital around 1.5-1.8 billion CZK and total assets exceeding 6 billion CZK. The customer base spans Czech households, European retail energy consumers, industrial buyers of energy-efficiency services, and a European retail-investor base for its bond and share products. Leadership is concentrated: Aleš Mokrý serves as Chairman of the Board and General Director (CEO), with Petr Dezort as board member; no broader executive bench is disclosed in the source material.

Name

Geen Holding

Legal name

GEEN Holding a.s.

Website

https://geen.eu

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Geen Holding is a Brno-based renewable energy group that develops, owns, and operates 21 solar, hydropower, and biomass power plants (32.6 MW) across four countries, retails electricity and gas to 50,000+ customers via GEEN Sale, produces ENplus A1 pellets, and finances growth through corporate energy bonds.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation & Retail

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Renewable Energy Asset O&M (Wind, Solar, Hydro, Geothermal) (EUAEAGAB)

akta.pro secondary industry

Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ)

Keywords

• Renewable energy generation
• Electricity and gas retail
• Biomass power plants
• Photovoltaic and hydropower assets
• Wood pellet production

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity and Heat Production: Revenue from operating renewable energy power plants (solar, hydropower, biomass) that generate electricity and heat sold to grid operators and district heating systems. Croatian biomass plants have 120,000 MWh annual electricity production capacity.
2. Electricity and Gas Sales to End Customers: GEEN Sale a.s. sells electricity and gas directly to end customers (households and businesses) through various tariff products including spot pricing and fixed-price contracts.
3. Pellet and Briquet Production: Croatian facilities produce wood pellets (ENplus A1 certified) and briquettes for residential heating markets in Italy, Austria, and Slovenia.
4. Bond Programs: GEEN Development a.s. issues energy bonds to investors for company development financing. Multiple bond series with varying interest rates and maturities listed in prospectus documentation.
5. Share Offerings: GEEN CJ CENTRAL a.s. shares offered to investors (49% stake in Croatian biomass plants valued at 890 million CZK).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Geen Holding owns and operates a 32.6 MW portfolio of renewable energy power plants (photovoltaic, small hydropower, and biomass combustion) across the Czech Republic, Slovakia, Croatia, and Georgia, retailing electricity and gas to over 50,000 end customers through its GEEN Sale division. The group also develops and constructs power plants (GEEN Development), conducts energy audits (GEEN optim), produces ENplus A1 certified wood pellets and briquettes, and finances growth through energy bonds and share offerings to investors.

Product overview

Geen Holding is a renewable energy company offering integrated power plant development, ownership, and operation services. The core product is a diversified portfolio of renewable energy power plants (photovoltaic, small hydropower, and biomass combustion) totaling 32.6 MW installed capacity across 4 countries. The company operates through subsidiaries including GEEN Sale (electricity/gas retail to end customers), GEEN Development (construction/project management), GEEN optim (energy audits), and production facilities for wood pellets and briquettes. The group also offers investment products including energy bonds and shares in subsidiary companies. All power plants are monitored via a centralized 24-hour monitoring centre.

Differentiator

Problem solved

Functional benefit

Brands

• GEEN Sale: Electricity and gas sales to end customers
• GEEN OPTIM
• GEEN Development
• Energana
• GEEN CJ CENTRAL

Products and services

• Power Plant Portfolio (Photovoltaic, Small Hydropower, and Biomass) Geen Holding owns and operates a 21-plant renewable energy portfolio of photovoltaic (solar), small hydropower, and biomass combustion plants in Czech Republic, Slovakia, Croatia, and Georgia with combined installed capacity of 32.6 MW. Generation is sold to distribution network operators under long-term contracts (including state-guaranteed offtake for Croatian biomass plants) and is also used to supply the GEEN Sale retail division.
• GEEN Sale Electricity and Gas Retail Supply GEEN Sale a.s. retails electricity and gas directly to end customers (households and businesses), offering spot-price (market-linked monthly and annual) and fixed-price tariff products through the GEEN Sale phone line, online portal at portal.geen.eu, and online contact forms.
• GEEN Development Power Plant Development and Construction Services GEEN Development a.s. provides development, construction, and project management services for renewable energy power plants (photovoltaic, small hydropower, and biomass combustion), both for the GEEN group portfolio and historically for external investors.
• GEEN optim Energy Audits and Efficiency Services GEEN optim delivers energy audits, energy efficiency consulting, and implementation of energy-saving measures (such as LED lighting modernization) for commercial and industrial customers, with documented B2B project outcomes including Fibertex's 42.11 kW LED savings and 2.9-year ROI on a 2 million CZK investment.
• ENplus A1 Certified Wood Pellets and Briquettes Wood pellets and briquettes manufactured at Croatian biomass power plants, with ENplus A1 certification (highest quality class from the European Pellet Council), distributed to residential heating markets in Italy, Austria, and Slovenia. Wood drying services for furniture and construction industries also offered using waste heat from biomass plants.
• GEEN Development Energy Bonds Multi-series corporate bond program issued by GEEN Development a.s. since 2012, offering various maturities (2025-2032) and interest rates from 5.00% to 9.00% (e.g., GEEN.DEVELOP97 at 7.50%, GEEN.DEVELOP96 at 8.50%, GEEN.DEVELOP88 at 9.00%) to Czech and European investors financing renewable energy projects, with over 3.3 billion CZK in principal repaid to investors over 12 years.
• GEEN CJ CENTRAL Priority Shares Priority shares in GEEN CJ CENTRAL a.s. offering dividend rights and co-ownership of Croatian biomass power plants (Energana Benkovac and Energana Županja), with GEEN Holding retaining 51% majority control and announcing a planned stock exchange listing within three years.
• Industrial Wood Drying Service Wood drying service utilizing waste heat from the Croatian biomass power plants, supplying dried wood to furniture and construction wood industry customers in the region.

Quantifiable outcome

• 102% of expected power output achieved in 2023
• +5 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor.

• Honza TománekminorOthers · 1 January 2024General partner and sponsor of two-time Ironman World Champion Jan Tománek (paratriathlon). CSR/sponsorship partnership.
• Croatian Wood ClusterminorStrategic or Co-development Partner · 1 January 2022GEEN participates in study trips organized by Croatian Wood Cluster, including visits to Sweden and Finland for wood industry and forestry sector best practices.
• Svebio (Swedish Bioenergy Association)minorStrategic or Co-development Partner · 1 January 2018Swedish bioenergy association providing industry knowledge and networking for biomass energy development.
• WBA (World Bioenergy Association)minorStrategic or Co-development Partner · 1 January 2018Global bioenergy association for knowledge sharing and industry best practices.

Scale indicators18 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Photon Energy N.V. Czech-founded, Amsterdam-listed solar IPP with operations across CEE and Australia; closest small-cap peer to GEEN given shared Czech roots, solar generation, multi-country footprint and retail/PPA orientation.
• 7C Solarparken AG: German-listed solar IPP operating ground-mounted PV plants across Europe; comparable business model of owning and operating distributed renewable assets, though at materially larger scale than GEEN.
• Encavis AG: German-listed operator of solar and onshore wind parks across Europe; directly comparable as a diversified renewable IPP with regulated and merchant revenue streams.
• Sonnedix: Global solar IPP with European footprint including Italy and Iberia; comparable as a long-term owner-operator of distributed renewable assets delivering power to grid and corporate off-takers.
• Solarpack (Andorra / Spain): European solar and storage developer and IPP with operations in Iberia, CEE, LatAm and the US; comparable in its mix of development plus long-term asset ownership across multiple geographies.

Broad incumbents

• ČEZ Group: Czech dominant utility with significant renewable generation and retail energy supply; competes with GEEN in Czech electricity/gas retail and renewables, but operates at much greater scale and across the full value chain including nuclear.
• Energetický a průmyslový holding (EPH): Major privately held Central European energy group active in CZ/SK/DE/UK; comparable as a Central European owner-operator of generation assets, including growing renewables exposure alongside conventional generation.
• VERBUND AG: Austrian-listed hydropower-led utility; relevant peer for the small hydropower portion of GEEN's portfolio and as a benchmark for regulated hydro economics in the CEE/DACH region.
• EDP Renováveis: One of the world's largest renewable IPPs with significant onshore wind and solar across Iberia, North America and Brazil; comparable as a public-market renewable operator, though at vastly larger scale and geographic spread.

Regional players

• MaxSolar GmbH: German solar EPC and operator focused on rooftop and ground-mounted PV in Germany/Austria; comparable as a mid-sized DACH-region solar developer/operator competing for similar asset classes to GEEN's PV portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries25 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 Geen Holding