Aeolus

Name

Aeolus

Legal name

Aeolus SAS

Website

https://aeolus-energy.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Utility-Scale Solar Power Generation

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro industry

PRIMARYEUAEAAAG

Solar PV Power Plant EPC (Utility-Scale)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Power Generation EPC & Construction

SECONDARYEUAEAMAA

Utility-Scale Power Generation Asset Management

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Energy Infrastructure Asset Management

SECONDARYEUAMABAB

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

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Solar Energy (PV, CSP, Rooftop & Utility-Scale)

Keywords

• Utility-scale solar development
• Renewable energy infrastructure
• Power purchase agreements
• Solar power generation
• Clean energy projects

Headquarters

HQ city

Brighton

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Operations, Personnel

Revenue model

1. Solar Power Generation: Aeolus develops, constructs, and operates utility-scale solar power plants. Revenue is generated through long-term power purchase agreements (PPAs) with government utilities, supplying clean electricity over 30-year contract periods.

Distribution channels1 record

Core offering

Aeolus SAS develops, constructs, and operates utility-scale solar photovoltaic power plants, supplying clean electricity to national grids under long-term power purchase agreements with government utilities. Its current portfolio comprises two 60 MW solar facilities in Tunisia (Sidi Bouzid and Tozeur) with combined annual generation of 288 GWh, operating under 30-year PPAs with state-owned utility Société Tunisienne de l'Electricité et du Gaz (STEG).

Product overview

Aeolus SAS (a subsidiary of Toyota Tsusho Corporation) operates as a solar power plant developer and operator, currently focused on utility-scale solar energy facilities in Tunisia. The company has commissioned two 60 MW solar power plants in Sidi Bouzid and Tozeur through a partnership with Scatec ASA. Together, these two facilities generate approximately 288 GWh of clean electricity annually and are financed by EBRD and Proparco as part of Tunisia's goal to produce 35% of electricity from renewables by 2030. The company's product portfolio consists of utility-scale solar photovoltaic generation assets with 30-year power purchase agreements with state-owned utility STEG.

Differentiator

Problem solved

Functional benefit

Products and services

• 60 MW Tozeur Solar Power Plant A 60 MW solar photovoltaic power plant located in Tozeur, Tunisia, developed through a partnership between Scatec ASA and Toyota Tsusho Corporation via its Aeolus subsidiary. The plant operates under a 30-year power purchase agreement with Société Tunisienne de l'Electricité et du Gaz (STEG) and achieves commercial operations date of March 4, 2026.
• 60 MW Sidi Bouzid Solar Power Plant A 60 MW solar photovoltaic power plant located in Sidi Bouzid, Tunisia, developed through a partnership between Scatec ASA and Toyota Tsusho Corporation via its Aeolus subsidiary. The plant operates under a 30-year power purchase agreement with Société Tunisienne de l'Electricité et du Gaz (STEG) and reached commercial operations in March 2026.

Quantifiable outcome

• Generates 288 GWh of clean electricity annually
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship.

• Scatec ASAflagshipStrategic or Co-development Partner · 22 April 2026Scatec ASA partnered with Aeolus via Toyota Tsusho Corporation to develop two 60 MW solar plants in Tunisia (Sidi Bouzid and Tozeur). Scatec is a leading solar developer and operator, bringing project development and construction expertise to the partnership. The projects reached commercial operations in March 2026.
• Toyota Tsusho CorporationflagshipOthers · 22 April 2026Toyota Tsusho Corporation is the parent company of Aeolus SAS. As a global trading company and member of the Toyota Group, Toyota Tsusho provides corporate backing and strategic direction for Aeolus's renewable energy operations.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• EDF Renewables: International renewable energy arm of French utility EDF, with utility-scale solar projects across the Middle East, Africa, and other emerging markets. Comparable as a large incumbent IPP pursuing similar emerging-market solar opportunities with sovereign offtakers.
• Engie: French multinational utility with a global renewables portfolio including significant solar development in North Africa (notably Morocco and Egypt). Comparable as a major incumbent renewable IPP that Aeolus mirrors in geography and corporate parentage (France-linked).
• TotalEnergies: French-headquartered global energy major with a growing renewables and integrated power business in Africa and the Middle East. Comparable as a broad incumbent energy company leveraging corporate scale to develop utility-scale solar under long-term PPAs in Africa.
• Enel Green Power: Italian-headquartered global renewables developer and operator with utility-scale solar capacity in North Africa and Sub-Saharan Africa. Comparable as a broad incumbent IPP competing for emerging-market solar tenders and operating similar long-term PPA structures.

Emerging players

• AMEA Power: Dubai-based renewable energy IPP rapidly scaling utility-scale solar and wind across the Middle East, Africa, and Asia. Comparable as a younger, similarly emerging-market-focused solar developer competing in the same regional tender universe as Aeolus.

Regional players

• Orascom Construction: Egypt-based engineering, procurement, and construction group with growing involvement in utility-scale renewable energy projects across the MENA region. Comparable as a regional player in North African power infrastructure with overlapping EPC and ownership exposure.
• Nareva Holding: Moroccan energy developer (linked to Al Mada/SNI) with significant utility-scale solar and wind capacity in Morocco and broader North/West Africa. Comparable as a regional emerging-market renewable IPP competing in adjacent North African power markets.

Direct peers

• ACWA Power: Saudi-listed developer, owner, and operator of power generation and desalinated water plants, with a heavy focus on utility-scale solar IPPs across the Middle East, North Africa, and Sub-Saharan Africa under long-term PPAs — the same business model Aeolus operates in Tunisia.
• Scatec ASA: Norwegian independent power producer that develops, owns, and operates utility-scale solar plants in emerging markets. Scatec is both Aeolus's development partner on the Tunisia projects and a directly comparable renewable IPP operating across Africa, Asia, and Latin America.
• Masdar: Abu Dhabi-based renewable energy company developing and operating utility-scale solar and wind projects across the Middle East, Africa, and other emerging markets. Comparable as an emerging-market-focused renewables IPP backed by a sovereign strategic shareholder.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aeolus-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Aeolus