Aurinka Photovoltaic Group

What Aurinka Photovoltaic Group does

Aurinka Photovoltaic Group, S.L.U. is a Spanish vertically-integrated photovoltaic company that has operated exclusively in solar energy since 1989, delivering full-lifecycle services across utility-scale solar plant development, commercial and industrial self-consumption installations, and proprietary R&D in low-carbon silicon and cell technologies. The company operates through three business units: Plantas Fotovoltaicas (utility-scale EPC and O&M, with 300 MW installed and 700+ MW in development), Autoconsumo (rooftop and ground-mounted self-consumption solutions for industrial and commercial clients), and I+D y Fabricación (R&D in UMG silicon purification, high-efficiency PERC cells, and solar panel recycling, including international manufacturing joint ventures in Kazakhstan and Tunisia).

The company's core technology stack spans crystalline silicon PV systems, including PERC high-efficiency cells, upgraded metallurgical grade (UMG) silicon purification, MPPT inverter technology, and bifacial modules. Aurinka has published peer-reviewed life cycle assessment research in Science of the Total Environment (Elsevier) demonstrating ~25% lower CO2 per kWh for UMG silicon versus standard polysilicon, and participates in the Solar-Era Net CHEER-UP consortium targeting 22% efficient PERC cells using UMG substrates with IES, UPV, and GÜNAM. The company holds the PYME Innovadora (Innovative SME) seal recognizing its R&D commitment.

Revenue is generated through one-time EPC project fees on utility-scale developments, multi-year PPA contracts (5–15 years, zero upfront cost to client) for self-consumption installations, and recurring O&M service contracts. Go-to-market is primarily enterprise field sales targeting investment funds and renewable energy developers (e.g., Aquila Capital for the 50 MW La Cabrita plant), industrial and commercial enterprises with high electricity consumption (e.g., Ramiro Arnedo for a 76.44 kWp autoconsumo installation), agricultural clients, and family businesses/SMEs. The company operates with a small team (1–10 employees) indicating a leveraged project-management model, and maintains headquarters in Rivas Vaciamadrid, Madrid.

Name

Aurinka Photovoltaic Group

Legal name

AURINKA PHOTOVOLTAIC GROUP, S.L.

Website

https://aurinkapv.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

Aurinka Photovoltaic Group is a Spanish vertically-integrated photovoltaic company delivering full-lifecycle utility-scale solar EPC, commercial/industrial self-consumption installations, and proprietary R&D in low-carbon UMG silicon, serving investment funds, industrial enterprises, and agricultural clients.

Ownership category

akta.pro rank

Product category

Photovoltaic EPC Services

NAICS

Solar Electric Power Generation (221114)

SIC

Electrical Work (1731)

akta.pro primary industry

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

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)

Keywords

• Photovoltaic EPC services
• Utility-scale solar plant development
• Commercial autoconsumo solar
• UMG silicon PV manufacturing
• Solar panel O&M services

Headquarters

HQ city

Guadarrama

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC (Engineering, Procurement & Construction) — Utility-Scale Solar Plants: Full-scope turnkey contracts for the development, construction, and commissioning of large photovoltaic power plants. Revenue is recognized upon project completion, with financing often arranged through project finance structures. Projects include EGA (30 MW, Almería), Tabernas II (50 MW, Almería), Puebla de Prior (5 MW, Badajoz), and Benahadux (10.8 MW, Almería), among others. The company also develops La Cabrita (50 MW) for third-party clients such as Aquila Capital.
2. Autoconsumo (Self-Consumption Solar Installations) for Businesses: Design, installation, and maintenance of rooftop and ground-mounted solar systems for commercial and industrial clients who self-consume the electricity generated. Revenue is generated from project-based installation fees and ongoing O&M contracts. Includes the Ramiro Arnedo installation (76.44 kWp rooftop system generating 124,288 kWh/year).
3. PPA (Power Purchase Agreement) — Energy Sale Contracts: Aurinka finances and installs solar systems at client sites at zero upfront cost to the customer, who purchases the generated electricity at a fixed, advantageous rate under multi-year contracts typically ranging from 5 to 15 years. After the contract period, the client may acquire ownership of the installation. This model targets companies without immediate capital for investment.
4. Operation & Maintenance (O&M) Services: Ongoing monitoring, maintenance, energy sale management, and investor reporting services for operational solar plants. Includes cleaning, structural inspection, electrical testing, and production monitoring. Provided as a standalone service or bundled with EPC contracts.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Aurinka is a full-service photovoltaic EPC contractor that develops, financially structures, constructs, and operates large-scale solar plants (30–50+ MW) and commercial/industrial autoconsumo installations across Spain. The company covers the entire project lifecycle from site selection and permitting through PPA contract management, construction, and long-term O&M, supported by proprietary R&D in low-carbon UMG silicon purification, PERC high-efficiency cells, and a solar panel recycling plant.

Product overview

Aurinka Photovoltaic Group is a full-service photovoltaic energy company operating since 1989, offering three interconnected core services: (1) Plantas Fotovoltaicas - large-scale solar plant development, EPC, and O&M; (2) Autoconsumo - commercial and industrial self-consumption solar solutions; and (3) I+D y Fabricación - proprietary R&D and panel manufacturing with low-carbon silicon purification technology. The company serves as both an EPC contractor and technology developer, providing integrated solutions from project conception through operation.

Differentiator

Problem solved

Functional benefit

Brands

• Plantas Fotovoltaicas: Development, financial structuring, construction, operation and maintenance of solar plants
• Autoconsumo
• I+D y Fabricación

Products and services

• Plantas Fotovoltaicas (Photovoltaic Plants) Full-service development, financial structuring, construction, and O&M of large-scale (30–50+ MW) solar photovoltaic plants for investment funds, renewable energy developers, and asset managers. Covers site selection, permitting, PPA contracts, project finance, procurement, assembly, quality control, legalisation, monitoring, and energy sales management. Notable clients include Aquila Capital (La Cabrita, 50 MW).
• Autoconsumo (Self-Consumption Solar Installations) Design, installation, and maintenance of rooftop and ground-mounted photovoltaic self-consumption systems for commercial, industrial, agricultural, and SME customers. Available under a PPA (zero upfront cost, fixed energy rate over 5–15 years) or full-ownership structure, delivering 20–70% savings on electricity bills with typical payback periods of 1–4 years.
• I+D y Fabricación (R&D and Panel Manufacturing) Proprietary research, development, and manufacturing of photovoltaic technologies including UMG silicon purification (with ~25% lower CO2 footprint per kWh), PERC solar cell development (CHEER-UP project), module assembly, and end-of-life solar panel recycling. Operations span manufacturing facilities in Spain, Kazakhstan, and Tunisia.
• Operation & Maintenance (O&M) Services Ongoing monitoring, preventive and corrective maintenance, energy sale management, and investor reporting for operational solar plants. Delivered as a standalone recurring service or bundled with EPC contracts to ensure long-term performance.

Quantifiable outcome

• 82.5% self-consumption rate and 36.79% annual energy self-sufficiency achieved at Ramiro Arnedo industrial installation (76.44 kWp, 124,288 kWh/year generated, 102,539 kWh/year consumed)
• +7 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered notable and core.

• SENS-STEAG SOLARnotableStrategic or Co-development Partner · 23 November 2021Aurinka executed the La Cabrita 50 MW solar project alongside SENS-STEAG SOLAR as a joint implementation partner for Aquila Capital's five-project, 180 MW portfolio. SENS-STEAG contributed to the construction and operational execution of the project.
• Instituto de Energía Solar (IES)coreStrategic or Co-development PartnerAurinka PV Group collaborates with the Instituto de Energía Solar (IES) as part of the Solar-Era Net CHEER-UP project, targeting the application of low-cost, high-efficiency silicon in PERC solar cells. The IES contributes expertise in solar cell architecture and performance optimization.
• Universidad Politécnica de Valencia (UPV)coreStrategic or Co-development PartnerAurinka partners with UPV in the CHEER-UP project focused on developing high-efficiency PERC cells using upgraded metallurgical grade (UMG) silicon substrates. UPV contributes research capabilities in photovoltaic materials and cell processing.
• GÜNAM (Centro Turco para la Investigación y Aplicación de la Energía Solar)coreStrategic or Co-development PartnerGÜNAM (Turkish Center for Solar Energy Research and Application) is a research partner in the Solar-Era Net CHEER-UP project, working alongside Aurinka, IES, and UPV to advance low-cost, high-efficiency photovoltaic technologies using UMG silicon.
• CIEMAT (Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas)coreStrategic or Co-development PartnerAurinka collaborated with CIEMAT to conduct a peer-reviewed Life Cycle Assessment (LCA) published in Science of the Total Environment (Elsevier), demonstrating that panels made with Ferrosolar's UMG silicon produce ~25% less CO₂ per kWh. CIEMAT is Spain's public research institution for energy and environmental technologies.
• Manufacturing Joint Ventures (Kazakhstan & Tunisia)notableStrategic or Co-development PartnerAurinka is involved in the creation of photovoltaic panel manufacturing facilities — including silicon purification and module recycling plants — in partnership with local entities in Kazakhstan and Tunisia. These partnerships enable technology transfer and local manufacturing capacity building.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• TSK Energía: Spanish EPC firm with strong renewable energy (solar PV, wind, biomass) project execution capabilities for industrial and utility clients. Overlap with Aurinka in solar EPC delivery and industrial self-consumption.
• Enerland: Spanish EPC contractor specializing in utility-scale and industrial solar PV installations. Directly comparable business model, customer base, and Iberian geographic footprint.
• Grupotec: Spanish engineering and EPC group active in photovoltaic plant development and self-consumption installations. Direct peer in the Iberian integrated solar EPC market.
• Solaria Energía y Medio Ambiente: Spanish-listed solar PV developer and EPC targeting both utility-scale plants and self-consumption installations across Iberia. Highly comparable to Aurinka in terms of integrated solar EPC + autoconsumo model and Spanish market focus.
• Fotowatio Renewable Ventures (FRV): Global solar developer and IPP with significant utility-scale heritage in Spain. Comparable as a Spain-based solar developer targeting utility-scale projects, though operating at much larger scale.
• Solarpack (now part of CVC / Statkraft): Spanish-origin solar EPC and IPP with utility-scale plants across Iberia and Latin America. Comparable as a Spain-rooted solar EPC competitor operating at significantly larger scale than Aurinka.

Emerging players

• Sonnedix: Independent solar IPP operating across multiple European markets including Spain. Comparable to Aurinka as an investor-facing solar developer acquiring and operating PV plants in the Iberian market.
• Cox Energy (Solarig): Iberian solar IPP and EPC player active across utility-scale and self-consumption markets. Comparable service offering to Aurinka with overlapping Spanish autoconsumo customer base.

Broad incumbents

• Acciona Energía: Major Spanish renewable energy incumbent operating utility-scale solar, wind, and other technologies globally. Overlaps with Aurinka on solar EPC and self-consumption but at vastly larger scale and broader portfolio.
• Iberdrola España (Renovables): Spain's largest utility with a substantial renewables portfolio including utility-scale solar. Indirectly competes with Aurinka on tendered utility-scale projects and on C&I self-consumption solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aurinka-photovoltaic-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Aurinka Photovoltaic Group