Powertis

What Powertis does

Powertis, headquartered in Madrid, Spain and founded in 2018, is a utility-scale solar photovoltaic project developer and solutions provider operating across more than 20 countries on five continents. The company carries a 14 GW development pipeline across 8 countries as of 9M 2023, with the largest built capacities in Brazil (3,914 MW), Spain (2,290 MW), Chile (2,119 MW), the United States (1,940 MW), and Mexico (1,645 MW). Its core product portfolio comprises a proprietary line of single-axis solar trackers (SFOneX, SFOne, SF7, SFOne US, SF7 US, 4×4) together with an agrivoltaic solution (Agrovoltaica), while services include O&M and the Solmate monitoring and management offering. The innovation arm (Soltec Innovations), startup accelerator (Aurora), and Lab research publications extend the scope into green hydrogen (GENHESIS) and sustainable mobility (DMSS).

Revenue is generated through four streams: one-time sale of investment-ready PV projects to utilities and infrastructure funds, hardware sales of solar trackers, recurring O&M contracts on installed plants, and managed services via Solmate. The go-to-market is direct enterprise field sales via locally embedded teams in each operating country, targeting utilities and energy companies (primary), infrastructure and energy investment funds, and agribusinesses/landowners (secondary). Pricing is project-by-project and not publicly disclosed; the Ecovoltaica model and regulatory expertise are positioned as competitive differentiators.

Capital is accessed through structured project financing with optimized debt/equity ratios, and the company operates with multi-language marketing (Spanish, English, Portuguese), CNMV-aligned investor reporting, and industry-event presence. The firm maintains an explicit sustainability positioning (Ecovoltaica, sustainable supply chain, certifications), and self-describes as a world leader in photovoltaic solutions — a claim that is credible given pipeline scale but cannot be independently verified from the provided data.

Name

Powertis

Legal name

Soltec

Website

https://powertis.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Powertis is a Madrid-based utility-scale solar PV project developer operating in 20+ countries with a 14 GW pipeline, proprietary single-axis solar trackers, and recurring O&M services for utilities and infrastructure investors.

Ownership category

akta.pro rank

Product category

Solar Project Development

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro industry

PRIMARYEUAMABAB

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)

SECONDARYEUACAGAG

Owner’s Engineering, Grid Interconnection & System Studies (PVsyst/Performance Modeling, Protection Studies)

Energy, Utilities & Environment/Electric Power Generation/Solar Power Generation (Utility-Scale PV & CSP)

SECONDARYEUAMABAF

Solar Mounting, Racking & Trackers (Fixed-Tilt, Single/Dual-Axis, Rooftop Mounts)

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

Keywords

• Utility-scale solar
• Photovoltaic project development
• Solar tracker manufacturing
• Renewable energy financing
• Photovoltaic operations maintenance

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Photovoltaic Project Development: End-to-end development of large-scale photovoltaic projects including site identification, permitting, financing, engineering, construction, and commissioning. Revenue is generated from the sale of fully developed, investment-ready projects to utilities, infrastructure funds, and energy companies.
2. Solar Tracker Products (SFOneX, SFOne, SF7 series): Sale of proprietary solar tracking hardware (single-axis trackers and related components) for utility-scale photovoltaic installations.
3. Operations & Maintenance (O&M): Ongoing O&M services for installed photovoltaic plants, likely structured as recurring service contracts.
4. Solmate: A service offering related to solar plant monitoring and management, potentially a digital or managed service product.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Powertis develops utility-scale photovoltaic projects end-to-end, covering site identification, permitting, financing structuring, engineering, construction, and commissioning, and sells investment-ready projects to utilities, infrastructure funds, and energy companies. The company also manufactures and sells a proprietary line of single-axis solar trackers (SFOneX, SFOne, SF7, SFOne US, SF7 US, 4x4) and provides recurring operations & maintenance (O&M) and plant monitoring (Solmate) services for installed PV plants.

Product overview

Soltec is a global leader in photovoltaic solutions offering a portfolio of single-axis solar trackers (SFOneX, SFOne, SF7, SFOne US, SF7 US, and 4×4) complemented by the Agrovoltaica agrivoltaic solution. The product line is supported by O&M (Operations and Maintenance) and Solmate monitoring services, enabling end-to-end photovoltaic project development from engineering through long-term plant management.

Differentiator

Problem solved

Functional benefit

Brands

• Ecovoltaica: A sustainable photovoltaic model that seeks socioeconomic excellence while creating alliances for maximum social benefit in local communities.
• Soltec Innovations
• Aurora
• Solmate
• Lab

Products and services

• Photovoltaic Project Development End-to-end development of utility-scale photovoltaic projects for utilities, energy companies, and infrastructure investors, covering site identification, permitting, financing structuring, engineering, construction management, and commissioning; output is investment-ready, de-risked projects or operating assets.
• SFOneX
• SFOne
• SF7
• SFOne US
• SF7 US
• 4x4
• Agrovoltaica
• O&M (Operations and Maintenance)
• Solmate

Quantifiable outcome

• 14 GW pipeline of projects in development across 8 countries as of 9M 2023
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Local Allies and PartnerscoreStrategic or Co-development PartnerSoltec works closely with key local allies and partners in selected markets to bring projects to a fully accepted and investment-ready stage. These local partners provide essential knowledge of regulatory environments, land access, and community relationships. Soltec's local teams collaborate with these partners throughout the development, financing, and engineering phases.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lightsource bp: Global utility-scale solar project developer and long-term owner/operator active across the Americas, EMEA, and APAC. Comparable end-to-end development-to-O&M business model targeting utility offtakers and infrastructure investors.
• BayWa r.e. Global developer, EPC, and wholesaler of utility-scale and C&I solar projects with operations across Europe, Americas, and APAC. Comparable project development, EPC, and O&M service mix targeting similar investor/utility customers.
• Soltec: Closely affiliated company sharing operations data, including utility-scale solar tracker manufacturing (SFOne/SF7 series) and EPC project development across 20+ countries. Functions as Powertis's sister/parent entity with overlapping product and project portfolio.
• Acciona Energía: Spanish-headquartered global renewable energy developer and operator with material utility-scale solar pipeline across LATAM, North America, and other regions. Directly comparable as a Spanish-rooted multinational solar developer.
• Sonnedix: Independent power producer focused on solar PV development, financing, and long-term ownership across multiple OECD and emerging markets. Directly comparable as a multi-geography utility-scale solar platform.
• EDP Renováveis: Iberian-headquartered global utility-scale renewable developer with significant solar capacity across North America, LATAM, and Europe. Comparable multi-geography utility-scale solar development pipeline and project sale/retention model.
• ib vogt: German-headquartered utility-scale solar developer with multi-GW pipeline across Europe, Americas, and Africa. Comparable integrated development, EPC, and O&M model serving similar utility and infrastructure fund customers.

Emerging players

• Array Technologies: Large-scale US-headquartered manufacturer of single-axis solar trackers for utility-scale PV plants. Comparable to Powertis's tracker products as a competing supplier with established bankability and significant manufacturing scale.
• Nextracker: Leading global manufacturer of solar trackers and related balance-of-system technology for utility-scale projects. Directly comparable to Powertis's SFOne/SF7 tracker line as a competing tracker supplier with deeper scale and bankability.

Broad incumbents

• Enel Green Power: Global incumbent utility-scale renewable developer and operator with multi-GW solar capacity across the Americas, Europe, Africa, and APAC. Overlaps with Powertis in development geography and customer base but operates at materially larger scale as part of the Enel Group.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/powertis

Revenue estimate

Valuation estimate

Number of profiles

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 Powertis