What Elecnor Group does

Elecnor Group is a Madrid-headquartered, publicly-listed Spanish corporation (ticker ENA) founded in 1958 that develops, constructs and operates infrastructure and energy projects through two business areas — Services, Projects, and Investment — across more than 40 countries. Its core offering is full-scope EPC delivery in electricity transmission and distribution, renewable power generation (wind, solar, hydroelectric), railway electrification, telecommunications networks, water systems and environmental services, with a growing portfolio of grid-stability assets such as synchronous condensers and battery energy storage systems under programmes like EirGrid/SONI's Low Carbon Inertia Services. The group executes complex projects through consortium structures, retains long-term infrastructure concession ownership via Celeo (a joint venture with Dutch pension investor APG), and complements its project base with recurring maintenance, efficiency and security services through subsidiaries including Audeca, Atersa, Hidroambiente and Elecnor Seguridad. In late 2025 the group extended into aeronautical maintenance by acquiring JAS (Jet Aircraft Services). Revenue is generated primarily through fixed-price EPC contracts, long-term concessions, and recurring service agreements with utilities (EDP, Statkraft), transmission system operators (EirGrid, SONI) and government clients across Europe, the Americas, Africa, Oceania and Asia, with FY2025 turnover of €4,387M and net profit exceeding €110M.

Name

Elecnor Group

Legal name

ELECNOR, S.A.

Website

https://grupoelecnor.com

Company type

Public

Founded year

1958

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Elecnor Group is a publicly-listed Spanish EPC and infrastructure operator delivering electricity, renewable energy, rail, telecom and water projects across 40+ countries, complemented by concessions via its Celeo-APG joint venture.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure Construction and Engineering Services: EPC (Engineering, Procurement, Construction) contracts for large-scale infrastructure projects including electricity transmission, power generation facilities, telecommunications networks, railway systems, and water infrastructure. Revenue recognized over project duration with project-based pricing.
2. Infrastructure Concessions and Investment Management: Through subsidiary Celeo (joint venture with APG), the company manages infrastructure concessions and investments. This includes operation of owned infrastructure assets generating long-term returns.
3. Maintenance and Efficiency Services: Ongoing maintenance services for installed infrastructure, power generation facilities, and industrial installations. Provides recurring revenue through service contracts.
4. Renewable Energy Projects: Development and construction of renewable energy projects including wind, solar, hydroelectric, and emerging technologies like green hydrogen and hybridization projects.
5. New Technologies: Services and projects in new technology areas including energy storage (BESS projects), grid stability solutions (synchronous condensers), and digital infrastructure.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Elecnor Group develops, constructs, and operates large-scale infrastructure and energy projects worldwide. Its core offerings include electricity transmission and distribution networks, renewable energy generation (wind, solar, hydroelectric), railway electrification, telecommunications infrastructure, water systems, and environmental services, executed primarily under full EPC (Engineering, Procurement, Construction) models. The group also manages infrastructure concessions and investments through its Celeo joint venture with APG.

Product overview

Elecnor Group operates as a leading Spanish infrastructure, energy, and services corporation with two mutually-enriching business areas: Services, Projects and Investment. The company offers a comprehensive portfolio spanning infrastructure development (electricity, construction, railways, water, facilities), power generation (renewable energies including wind, solar, and hydroelectric), and specialized services (maintenance, telecommunications, environment). Key products include synchronous condenser (SynCon) facilities for grid stability under the Low Carbon Inertia Services programme, BESS storage projects, drone inspection services, and railway electrification. The group includes subsidiary Celeo for concessions management (joint venture with APG) and operates across 40+ countries with annual turnover of 4,387M euros.

Differentiator

Problem solved

Functional benefit

Brands

• Elecnor: As part of the Elecnor Group, Elecnor promotes its purpose by driving development, creating opportunities: as a global infrastructure, energy and services company, committed to development and creating opportunities for people around the world.
• Celeo
• Área 3
• Audeca
• Atersa
• Fundación Elecnor

Products and services

• Infrastructure Development
• Renewable Energy Generation
• Railway Electrification
• Telecommunications Infrastructure
• Synchronous Condenser (SynCon) Facilities
• BESS (Battery Energy Storage Systems)
• Maintenance and Energy Efficiency Services
• Environmental Services
• Port Electrification
• Celeo Infrastructure Concessions

Quantifiable outcome

• Frequency rate of 2.0 achieved in 2024, second best in Group's history
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core, minor and major.

• StatkraftcoreStrategic or Co-development Partner · 24 February 2026Statkraft awarded Elecnor two new contracts for synchronous condenser installations in Ireland as part of the Low Carbon Inertia Services (LCIS) programme. Projects at Coolkeeragh (Northern Ireland) and Quarry Lane (Republic of Ireland) bring Elecnor's total to four such facilities on the island of Ireland, doubling participation in the grid stability programme. Elecnor executes work under full EPC model through consortium structure.
• CeleocoreStrategic or Co-development PartnerCeleo is a company dedicated to the promotion, investment and management of infrastructure assets, taking on comprehensive management of Elecnor Group's concessions and investments. Celeo is a joint venture with APG.
• CuatrecasasminorImplementation/ SI/ Consulting PartnerLegal advisor for Elecnor's multi-currency Promissory Note Programme on MARF.
• EirGridmajorStrategic or Co-development PartnerTransmission System Operator (TSO) for the Republic of Ireland leading the Low Carbon Inertia Services (LCIS) programme. Elecnor's synchronous condenser projects support the programme's grid stability objectives.
• SONImajorStrategic or Co-development PartnerTransmission System Operator (TSO) for Northern Ireland leading the Low Carbon Inertia Services (LCIS) programme alongside EirGrid.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Market position

Weaknesses5 records

Competitive moat4 records

Customer concentration

• Xx.com/grupoelecnor
• YouTubeyoutube.com/@Grupo_Elecnor
• LinkedInlinkedin.com/company/grupo-elecnor
• Instagraminstagram.com/grupo_elecnor

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries13 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 Elecnor Group