Kolya Renovables

What Kolya Renovables does

Kolya Renovables (legal name KOLYA Renewable Developments, commercially branded GreenPower Renovables) is a Spanish renewable energy project developer founded in 2019 and headquartered in Albacete, Spain. The company develops turnkey photovoltaic solar, wind, green hydrogen (via electrolysis), and energy storage/hybrid projects from greenfield origination through to construction-ready stage, and provides PPA search and negotiation, asset structuring, and advisory services to institutional investors, utilities, and corporate offtakers. Operations span six countries through wholly-owned regional subsidiaries in Mexico (KOLYA Mexico), the United States (KOLYA Energy LLC, Texas), Romania (KOLYA Energie), Colombia (KOLYA Colombia), and Australia, with a development pipeline of approximately 4,690 MWp and a 1,808 MW portfolio at the time of PNE AG's 51% acquisition in July 2022. The Solar World Stain subsidiary contributes an EPC and electrical installation capability with 100+ staff, ISO 9001/14001/45001 certifications, and a 450 MW installed track record across Spain, Chile, and Vietnam.

Kolya generates revenue through four streams: project development fees for turnkey development of own and third-party projects (with approximately 804 MW developed for third parties), PPA advisory and energy sales fees, asset structuring and sale advisory fees, and long-dated revenue from its owned and co-owned project portfolio alongside PNE AG. The go-to-market is exclusively direct enterprise sales to project partners, institutional investors, utilities, and infrastructure/PE funds, with custom quote-based engagements and no self-serve or retail channels. The company holds Spanish administrative authorizations for a 120 MW project in Villena and an REE Access Feasibility Report for 200 MW in Castilla La Mancha, and is qualified as an Authorized Company in Low Voltage (Specialist) and High Voltage (AT1/LAT1) installations. Management is led by Director General Héctor García; majority ownership since July 2022 rests with Frankfurt-listed German renewable developer PNE AG, with Morgan Stanley participating in the deal.

Name

Kolya Renovables

Legal name

KOLYA Renewable Developments

Website

https://greenpowerrenovables.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Spanish renewable energy developer founded in 2019 offering turnkey solar, wind, green hydrogen, and storage project development across Spain, Mexico, the United States, Romania, Colombia, and Australia, serving institutional investors, utilities, and infrastructure funds under a multi-jurisdiction direct enterprise sales model.

Ownership category

akta.pro rank

Product category

Renewable Energy Project Development

NAICS

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

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD)

akta.pro secondary industry

PPA Origination, Advisory & Contract Management (Negotiation, Credit, Settlements) (EUAGADAL)

Keywords

• Renewable energy development
• Photovoltaic solar projects
• Wind energy development
• Green hydrogen production
• Power purchase agreements

Headquarters

HQ city

Albacete

HQ country

Spain

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Development Fees: Kolya develops turnkey renewable energy projects for its own portfolio and for third parties, earning development fees and capturing project value through to construction or asset sale.
2. Energy Sales / PPA Advisory: Kolya facilitates the sale of energy by searching for bidders, negotiating, and advising on Power Purchase Agreements (PPAs) for renewable generation projects.
3. Asset Structuring and Sale: Advice and management during project structuring and financing phases, as well as structuring the sale and purchase process of assets, capturing value through asset divestiture.
4. Project Portfolio Ownership: Following the 51% acquisition by German developer PNE, Kolya retains project ownership alongside PNE, generating revenue from its owned project portfolio of 1,808 MW.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Kolya Renovables develops turnkey renewable and hybrid energy projects across photovoltaic solar, wind, green hydrogen (electrolysis), and energy storage technologies. The company also provides engineering, advisory and consultancy services during construction and operation, PPA structuring and energy sales negotiation, and asset structuring and sale advisory. Engagements are custom, project-based contracts with institutional investors, utilities, infrastructure funds, and third-party project developers across Spain, Mexico, USA, Romania, Colombia, and Australia.

Product overview

Kolya Renovables (GreenPower Renovables) is a renewable energy development company offering an integrated suite of services for renewable and hybrid energy projects. The company operates across multiple technologies including photovoltaic solar energy, wind energy, green hydrogen production by electrolysis, and energy storage solutions. The core offerings include turnkey project development, engineering services, advisory and consultancy during construction and operation phases, energy sales through Power Purchase Agreement (PPA) services, and asset structuring and sale services. The company maintains project portfolios across Mexico, Romania, USA (Texas), Australia, and Colombia, with its corporate holding based in Spain.

Differentiator

Problem solved

Functional benefit

Products and services

• Turnkey Renewable Energy Project Development End-to-end development of renewable and hybrid energy projects from greenfield through to construction-ready stage, for institutional investors, utilities, and third-party project developers across Spain, Mexico, USA, Romania, Colombia, and Australia.
• Energy Engineering Services Engineering of energy and hybridization projects, including design and technical structuring of photovoltaic solar, wind, green hydrogen, and storage-integrated generation assets.
• Advisory and Consultancy Services Advisory and consultancy services provided to clients during the construction and operational phases of renewable energy projects.
• Power Purchase Agreement (PPA) Services Search for bidders, negotiation, and advice on Power Purchase Agreements for energy sales from renewable generation projects, targeting utilities and corporate energy buyers.
• Asset Structuring and Sale Services Advisory and management during the project structuring and financing phase, as well as in the structuring of asset sale and purchase processes for renewable energy infrastructure.

Quantifiable outcome

• 1,808 MW project portfolio acquired by PNE (51% stake), increasing PNE's portfolio by over 40% to 4,216 MW
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• ExtrusolminorOthersExtrusol, a specialist company in post driving for photovoltaic structures, is listed as a collaborator within the Kolya group of companies. The partnership supports Solar World Stain's construction and installation operations by providing specialized civil works expertise for solar mounting structures.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Solarpack: Spanish solar developer with development pipeline in Iberia, Latin America, and other emerging markets. Comparable turnkey utility-scale solar PV project development, PPA structuring, and asset rotation model; both target corporate PPA buyers and infrastructure investors.
• Lightsource bp: Global solar developer and asset owner with project pipelines in Spain, USA, Latin America, and Australia. Closely comparable utility-scale PV development, PPA structuring, and asset sale/financing model targeting institutional investors and corporate offtakers.
• PNE AG: German renewable energy developer and Kolya's 51% parent. PNE operates a multi-gigawatt onshore wind, solar, and storage development pipeline across 35+ countries with similar turnkey project development, PPA structuring, and asset sale capabilities — making it the most directly comparable peer, and the same business model executed at larger scale.
• Gransolar Group: Spanish solar PV developer and EPC contractor with multi-geography operations in Europe, Latin America, and Africa. Similar Iberian-anchored PV project development, EPC delivery, and PPA advisory model targeting utility-scale solar markets overlapping with Kolya's portfolio.
• Audax Renovables: Iberian renewable energy developer and retailer with active project development in Spain and Europe. Both companies operate in Spanish PV/wind project development, PPA origination, and energy supply — competing for similar offtake and asset-sale counterparties.
• Solaria Energía y Medio Ambiente: Spanish PV developer with multi-GW pipeline focused on Iberian and European solar development. Direct overlap in Spanish PV project development, PPA negotiation, and asset sale services targeting institutional investors and utilities — making it a close small-mid cap comparable to Kolya.

Broad incumbents

• Acciona Energía: Major Spanish-headquartered renewable developer with global wind, solar, and hybridization projects. Both companies originate projects in Iberia and Latin America and serve corporate/utility PPA buyers; Acciona Energía operates at far larger scale with vertically integrated IPP ownership.
• Enel Green Power: Global renewable developer with extensive pipeline in Mexico, Spain, USA, Colombia, and Australia — all markets where Kolya operates. Same multi-technology platform (solar, wind, storage, hydrogen) and corporate PPA strategy, but at vastly larger scale and balance sheet capacity.
• Statkraft: Norwegian state-owned renewable developer and Europe's largest generator of hydropower with growing wind, solar, and PPA origination activities. Comparable in multi-geography PPA origination, project development, and European/Latin American renewable portfolio strategy.
• EDP Renováveis (EDPR): Global Iberian-anchored renewable developer with multi-GW pipeline across Europe, North America, and South America. Comparable multi-geography solar/wind/hybrid project development, PPA structuring, and asset rotation strategy to Kolya but with substantially greater scale and balance sheet.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/kolyarenovables
• Facebookfacebook.com/profile.php

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 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 Kolya Renovables