Nara Solar
Nara Solar's mission as a renewable energy company is to actively contribute to the SDGs and decarbonization.
- Company typePrivate
- Founded-
- HeadquartersEstancia De Los López, Mexico
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Nara Solar does
Cero Generation Limited is a UK-domiciled, private utility-scale renewable energy project developer operating across the UK and Italy. The company develops, constructs, and operates solar photovoltaic (PV) power plants and co-located battery energy storage systems (BESS), with operational assets ranging from 48 MWp (Castrum, Montalto di Castro, Italy) to 198 MW (Bumble Bee Co-Located Renewable Energy Project, West Burton, UK). It currently operates six projects with another six under construction, including the Larks Green facility — described as the first transmission-connected co-located solar and battery storage facility in the UK. Its core technical capability is integrating utility-scale solar generation with battery storage at transmission-connected sites to deliver dispatchable renewable energy, enabling grid-stabilization services and contracted capacity payments in addition to electricity sales.
Cero Generation is a portfolio company of Macquarie Asset Management (MAM), the infrastructure investment arm of Macquarie Group, and operates on a stand-alone basis with access to substantial development capital — most recently demonstrated by a ~£200m financing package for a portfolio of UK solar and BESS co-located assets closed in 2025 and the financial close of the 198 MW Bumble Bee project. The business generates revenue through two principal streams: one-time project development and asset sales to infrastructure investors (pension funds, sovereign wealth funds, energy companies) at or near financial close, and recurring energy generation and capacity payments under long-term PPAs for retained operational assets. Pricing is not publicly disclosed and bespoke project financing structures are used.
The go-to-market motion is enterprise B2B: direct engagement with landowners for site acquisition, relationship-based deal flow with infrastructure investors for asset transactions, and competitive procurement for grid connections and PPAs. Primary customer segments are Energy Infrastructure Investors seeking bankable renewable assets with contracted revenue, and Landowners providing suitable development sites. Marketing channels are corporate (corporate website, newsroom, dedicated landowner pages) rather than consumer-facing, consistent with an institutional project developer model.
Nara Solar firmographics
Firmographics- Name
- Nara Solar
- Legal name
- Cero Generation Limited
- Website
- https://narasolar.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Nara Solar's mission as a renewable energy company is to actively contribute to the SDGs and decarbonization.
- Ownership category
- akta.pro rank
Nara Solar industry classification
Industry- Product category
- Utility-Scale Solar and Battery Energy Storage
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industries
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)
Keywords
Where Nara Solar is headquartered
LocationHeadquarters
- HQ city
- Estancia De Los López
- HQ country
- Mexico
- HQ region
- Latin America
Markets served
Nara Solar business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Project Development and Asset Sales: Cero Generation develops utility-scale solar and BESS projects from greenfield through construction, then sells completed assets to infrastructure investors or retains operational ownership. Revenue is generated through project sales at financial close or ongoing energy generation and capacity payments from operational assets.
- Energy Generation and Capacity Payments: Operational projects generate revenue through electricity sales to the grid and capacity payments for providing dispatchable generation capacity. Long-term power purchase agreements (PPAs) with utilities or corporate offtakers provide stable revenue streams for retained assets.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Nara Solar product offering
Product offeringCore offering
Nara Solar develops and operates utility-scale solar photovoltaic (PV) projects co-located with battery energy storage systems (BESS) for grid-connected renewable electricity generation. The portfolio includes projects ranging from 48 MWp to 198 MW across the UK and Italy, with both operational assets and a pipeline under construction. Revenue is generated through project/asset sales to infrastructure investors and through long-term energy generation and capacity payments under power purchase agreements.
Product overview
Cero Generation (the entity described in the source data) operates as a renewable energy project developer and operator offering utility-scale solar photovoltaic (PV) projects and battery energy storage systems (BESS). The portfolio includes co-located facilities that combine solar generation with battery storage. Currently operates six projects with six more under construction. Projects span the UK and Italy including Pontinia, Delfini, Castrum, Bolotana, and Larks Green. The company is a Macquarie Asset Management portfolio company operating on a stand-alone basis.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-Scale Solar Projects Development and operation of large-scale solar photovoltaic (PV) power generation facilities for utility-scale electricity production, with project sizes ranging from 48 MWp to 198 MW, serving infrastructure investors, utilities, and corporate offtakers under long-term PPAs.
- Battery Energy Storage System (BESS) Large-scale battery storage systems co-located with solar projects to provide grid stability, energy shifting, and enhanced renewable energy capacity utilization for grid operators, utilities, and infrastructure investors.
- Co-Located Solar and BESS Facilities Integrated renewable energy installations combining solar PV generation with battery storage at the same transmission-connected site, enabling optimized energy dispatch and grid services for utilities, grid operators, and infrastructure investors.
- Bumble Bee Co-Located Renewable Energy Project 198 MW utility-scale solar and BESS co-located renewable energy project at West Burton, acquired/developed for infrastructure investors as a dispatchable renewable generation asset.
- Castrum - 48 MWp Solar PV Project 48 MWp operational utility-scale solar PV project in Montalto di Castro, Italy, generating electricity for sale to the grid and corporate offtakers under PPAs.
- UK Solar and BESS Portfolio Financing Package A portfolio financing package of approximately £200m covering multiple UK co-located solar and BESS assets, structured for infrastructure investors and lenders to fund project development and construction.
Quantifiable outcome
- 198 MW capacity from Bumble Bee Co-Located Project
- +1 more outcomes
Companies that use Nara Solar
Customer profileSegments2 records
Ideal customer profiles3 records
Nara Solar technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Nara Solar partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Nara Solar competitors and assessment
Company assessmentBroad incumbents
- Enel Green Power: Enel Green Power is one of the world's largest renewable energy developers and operators, with substantial utility-scale solar and storage capacity across Europe including Italy. It overlaps with Cero Generation's solar PV and BESS development activities but operates a much broader global portfolio.
- RWE Renewables: RWE is a major European utility with significant utility-scale solar and battery storage development pipelines in the UK and continental Europe. It competes with Cero in securing project sites, grid connections, and infrastructure investor partnerships for renewable energy assets.
- EDP Renováveis: EDP Renováveis is a major European-headquartered renewable energy developer with utility-scale solar and wind pipelines. It competes with Cero in European utility-scale solar development and PPA origination, particularly in Southern Europe and the UK.
- Engie Renewables: Engie is a global utility with significant renewable energy development capabilities in Europe, including utility-scale solar and battery storage. It overlaps with Cero's project development and asset rotation model in the UK and continental European markets.
- Statkraft: Statkraft is a European state-owned utility and one of the largest generators of renewable energy in Europe. It competes with Cero in originating, developing, and operating large-scale renewable energy projects across multiple European markets.
- Iberdrola Renewables: Iberdrola, through its renewables arm, develops and operates utility-scale solar and wind projects across Europe including the UK. It competes with Cero for grid-secured sites, PPA offtakers, and project finance, but at a much larger scale and across a wider technology mix.
Direct peers
- Lightsource bp: Lightsource bp is a global utility-scale solar project developer and operator with significant European presence in the UK, Iberia, and Italy. It directly competes with Cero Generation in developing, financing, and selling utility-scale solar and increasingly co-located solar-plus-storage projects.
- Sonnedix: Sonnedix is a global solar independent power producer with a sizable European portfolio including Italy and the UK. It competes with Cero Generation in operating and developing utility-scale solar PV assets, though its focus is more on operating solar generation than developing co-located storage.
- BayWa r.e. BayWa r.e. is a global renewable energy developer with utility-scale solar and storage projects across Europe. It directly competes with Cero in project development, EPC services, and asset sales to infrastructure investors in mature European markets.
Emerging players
- Octopus Energy Generation: Octopus Energy Generation is a rapidly growing UK-focused renewable energy developer that invests in and operates utility-scale solar, wind, and storage projects. It directly competes with Cero in the UK market for project development opportunities and grid-secured sites.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Nara Solar social profiles
Digital presenceNara Solar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nara Solar leadership team
Management profileNumber of profiles
Nara Solar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nara Solar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nara Solar
What does Nara Solar do?
Nara Solar develops and operates utility-scale solar photovoltaic (PV) projects co-located with battery energy storage systems (BESS) for grid-connected renewable electricity generation. The portfolio includes projects ranging from 48 MWp to 198 MW across the UK and Italy, with both operational assets and a pipeline under construction. Revenue is generated through project/asset sales to infrastructure investors and through long-term energy generation and capacity payments under power purchase agreements.
Is Nara Solar a public or private company?
Nara Solar is a private company. It is classified as private equity controlled and is currently operating.
When was Nara Solar founded?
Nara Solar was founded in -1. It employs 11 to 50 people.
Where is Nara Solar based?
Nara Solar is headquartered in Estancia De Los López, Mexico, in the Latin America region.
How does Nara Solar make money?
Two revenue lines are on record. Project Development and Asset Sales are the primary driver. The others are energy Generation and Capacity Payments.
Who are Nara Solar's main competitors?
Broad incumbents on record are Enel Green Power, RWE Renewables, EDP Renováveis, Engie Renewables, Statkraft and Iberdrola Renewables. Direct peers are Lightsource bp, Sonnedix and BayWa r.e.. Octopus Energy Generation is listed as an emerging player.
Does Nara Solar have an API?
No public API is recorded for Nara Solar.
What industry is Nara Solar in?
Nara Solar's product category is Utility-Scale Solar and Battery Energy Storage. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer). Its NAICS code is 221114 and its SIC code is 4911.