Electrabel
Electrabel NV/SA is ENGIE Group's Belgian operating subsidiary and Belgium's largest green electricity producer, operating 200+ onshore wind turbines, 487 MW SeaMade offshore wind, nuclear and gas-fired generation, and a battery storage pipeline, serving industrial, commercial, and residential customers via direct PPAs and supply contracts.
- Company typePrivate
- Founded1905
- HeadquartersBrussels, Belgium
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Electrabel does
Electrabel NV/SA is the Belgian operating subsidiary of French multinational ENGIE Group, headquartered at Simon Bolivarlaan 36 in Brussels, and operates as Belgium's largest green electricity producer. The company runs a diversified generation portfolio spanning onshore wind (568 MW across 200+ turbines as of early 2024, targeting 1,000 MW by 2030), offshore wind through the Ocean Winds joint venture (including the 487 MW SeaMade park and a 1,000 MW ambition by 2030), nuclear capacity, and a 460 MW gas-fired plant at Drogenbos, with a new 80 MW / 320 MWh battery energy storage system under construction at the same site (operational September 2027). Electrabel is also expanding into e-mobility infrastructure through the Vianeo brand and is a party to 2026 exclusive negotiations with the Belgian State regarding the transfer of its nuclear activities.
The business model is multi-stream. Revenue is generated from (i) production and supply of renewable electricity to the grid and corporate customers, (ii) multi-year Corporate Power Purchase Agreements (5-20 year fixed-price contracts) with energy-intensive industrials such as Agristo, Aluminium Duffel, Pfizer Puurs, Proximus, and Umicore, (iii) B2B and B2C energy supply through the ENGIE commercial supply brand, (iv) onsite distributed generation (e.g., Sun4Business solar third-party investor model; onsite wind at Renewi, DFDS Seaways), and (v) emerging battery storage and flexibility services. Wind farm development is executed through structured partnerships (Wind4Flanders, Wind4Wallonia, Greensky) with local intercommunales, municipalities, and the CoGreen cooperative for community co-investment.
The company targets Net Zero Carbon by 2045, with stated ambitions of 350 onshore wind turbines and over 2 billion kWh of annual wind production by 2030, supplying the equivalent of 570,000 households and avoiding 900,000 tonnes of CO2 per year. Core go-to-market combines direct enterprise sales for large PPA accounts, channel partnerships for project development, and event-driven stakeholder engagement (webinars, public inquiries) for community acceptance. Notable operational certifications include ISO 45001 (occupational health and safety) and the Bureau Veritas SET Label (Sustainable Energy Transition) for integrated wind and solar project construction methods.
Electrabel firmographics
Firmographics- Name
- Electrabel
- Legal name
- Electrabel NV/SA
- Website
- https://corporate.engie.be
- Company type
- Private
- Founded year
- 1905
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Electrabel NV/SA is ENGIE Group's Belgian operating subsidiary and Belgium's largest green electricity producer, operating 200+ onshore wind turbines, 487 MW SeaMade offshore wind, nuclear and gas-fired generation, and a battery storage pipeline, serving industrial, commercial, and residential customers via direct PPAs and supply contracts.
- Ownership category
- akta.pro rank
Electrabel industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Wind Electric Power Generation (221115), Fossil Fuel Electric Power Generation (221112), Nuclear Electric Power Generation (221113), Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)
- akta.pro secondary industries
- Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ)
Keywords
Where Electrabel is headquartered
LocationHeadquarters
- HQ city
- Brussels
- HQ country
- Belgium
- HQ region
- Europe
Offices1 record
Markets served
Electrabel business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain
Revenue model
- Renewable energy production and supply: ENGIE Electrabel generates revenue from the production and supply of renewable electricity through onshore wind farms, offshore wind farms, and solar installations across Belgium. Generated electricity is sold to the grid and to corporate customers via PPAs.
- Corporate Power Purchase Agreements (PPAs): Multi-year offsite and onsite Corporate PPAs with energy-intensive industrial companies (Agristo, Aluminium Duffel, Pfizer Puurs, Proximus, Umicore) supply renewable electricity over 5-20 year terms at fixed, stable prices. ENGIE manages volume risk and provides portfolio management services.
- Offshore wind operations: ENGIE Electrabel operates the SeaMade offshore wind park (487 MW) and manages offtake from the C-Power offshore wind park (325 MW), supplying electricity to the Belgian grid and to corporate customers.
- Battery energy storage: Revenue from grid balancing and flexible storage services through battery energy storage systems (BESS). The Drogenbos battery park (80 MW / 320 MWh, operational from September 2027) will provide flexible storage capacity to the Belgian energy system.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Electrabel product offering
Product offeringCore offering
Electrabel produces electricity and gas in Belgium from renewable sources (onshore and offshore wind, solar), nuclear, and flexible thermal generation, supported by battery energy storage. It sells energy to large industrial and corporate buyers through long-term Corporate Power Purchase Agreements (PPAs) and supplies electricity, gas, and related energy services through the ENGIE brand to commercial and residential customers.
Product overview
Electrabel, part of the ENGIE Group, operates as Belgium's largest green electricity producer offering a diversified portfolio of energy products and services. The core offering includes onshore wind energy (568 MW capacity with partnerships via Wind4Flanders, Wind4Wallonia, and Greensky), offshore wind energy through Ocean Winds joint venture including the SeaMade wind park (487 MW), nuclear energy, and flexible gas generation. Supporting services include battery storage solutions like the Drogenbos battery park (320 MWh), corporate Power Purchase Agreements for businesses seeking renewable energy procurement, and onsite solar solutions via the Sun4Business model. The CoGreen cooperative enables citizen investment in wind projects. The company targets carbon neutrality by 2045 with ambitions to develop 1000 MW of onshore wind and 1000 MW of offshore wind capacity by 2030.
Differentiator
Problem solved
Functional benefit
Brands
- Wind4Flanders: Joint venture for onshore wind energy development in Flanders, collaboration between Zefier, IKA and Ventum&green
- Wind4Wallonia
- Greensky
- Ocean Winds
Products and services
- Onshore Wind Energy
Quantifiable outcome
- 570,000 households' annual electricity consumption supplied by 2 billion kWh wind energy production
- +5 more outcomes
Companies that use Electrabel
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Electrabel technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Electrabel partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor and core.
- NatagoraminorENGIE entered a partnership with Natagora to bring nature closer to Belgians. Together with Natagora and Natuurpunt, ENGIE aims to raise public awareness about the importance of biodiversity and nature conservation, supporting local initiatives that protect and restore natural environments.
- NatuurpuntminorENGIE partnered with Natagora and Natuurpunt to bring nature closer to Belgian citizens. The partnership focuses on raising public awareness about biodiversity and nature conservation, with ENGIE actively supporting local and solidarity initiatives.
- EnecocoreEneco, Otary, and Ocean Winds formed a strategic partnership to jointly participate in the concession tender for the Princess Elisabeth offshore wind zone in Belgium. The consortium combines Unequal expertise and experience in clean offshore wind energy production, with ENGIE bringing commercial and marketing expertise to supply Belgian customers with sustainable energy.
- OtarycoreOtary joined with Eneco and Ocean Winds in a strategic consortium to bid on the Princess Elisabeth offshore wind zone concession in Belgium. The partnership leverages each partner's track record in Belgian offshore wind development.
- Eoly EnergyminorEoly Energy and ENGIE jointly develop green wind projects along the E40 highway in Affligem, Belgium. Eoly Energy (part of Virya Energy, a green energy producer focused on hydrogen, solar, and wind energy) contributes project development expertise while ENGIE provides operational capabilities and the CoGreen community investment model.
- Ocean Winds (EDP Renewables + ENGIE)coreOcean Winds is a joint venture between EDP Renewables and ENGIE dedicated to offshore wind energy. ENGIE Electrabel contributed to the development and realization of the SeaMade offshore wind park through Ocean Winds, and the JV is actively pursuing new concession opportunities including the Princess Elisabeth zone. Ocean Winds represents ENGIE's core offshore wind development vehicle.
- Wind4FlanderscoreWind4Flanders is a cooperation between Zefier, IKA and Ventum&green for developing onshore wind farms in Flanders, Belgium. ENGIE Electrabel builds and operates wind turbines within this partnership structure, with local stakeholder co-investment via CoGreen.
- Wind4WalloniacoreWind4Wallonia is a cooperation between Electrabel and 5 intercommunales (InBW, IDEFIN, IEG, SOFILUX, and CENEO, which unites IDEA, IDETA, and IGRETEC) for developing onshore wind farms in Wallonia, Belgium. ENGIE Electrabel develops wind projects with maximum attention to local residents, who hold partial share ownership via CoGreen.
- GreenskycoreGreensky nv is a cooperation between Electrabel, Infrabel, Sint-Truiden and Ventum&green for developing wind energy projects. The joint venture enables wind turbine development on lands associated with these partners, exemplified by the Greensky E40 – Gingelom wind project.
- GoogleminorIn 2019, Google signed its first PPA with ENGIE — the purchase of 92 MW of renewable energy produced by the Norther offshore wind park in the North Sea. This was the first large-scale renewable energy purchase in Belgium and the first time Google purchased electricity from an offshore wind park.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
Electrabel competitors and assessment
Company assessmentDirect peers
- EDF Luminus: Belgian energy producer and supplier (EDF group subsidiary) operating nuclear, gas, wind, and solar assets in Belgium. Competes directly with Electrabel across generation mix, retail supply, and corporate energy services.
- Luminus: Belgian energy company (subsidiary of EDF/EuroCogen) operating gas, wind, and solar generation plus retail energy supply in Belgium. Direct competitor to Electrabel in Belgian electricity generation, B2B supply, and renewable development.
- Otary: Belgian offshore wind consortium of eight energy companies developing Belgian North Sea wind projects including Rentel and SeaStar. Direct offshore wind peer, currently partnering with Electrabel/ENGIE in the Princess Elisabeth consortium.
- Eneco: Dutch-Belgian utility focused on renewable energy (wind, solar) and energy supply in the Benelux region. Direct competitor in Belgian offshore wind (consortium partner in Princess Elisabeth bid), onshore wind, and corporate renewable supply.
Broad incumbents
- ENGIE Group: Electrabel's parent company and one of the largest global utilities, with overlapping renewable generation, nuclear, gas, and energy services businesses across multiple geographies. Direct comparison as the broader incumbent that owns and controls Electrabel.
- Vattenfall: Swedish state-owned utility with wind, solar, and district heating operations across Northern Europe. Comparable through diversified renewable generation portfolio, corporate PPA offerings, and integrated utility-scale energy transition strategy.
- Ørsted: Global offshore wind leader and renewable energy major. Comparable through offshore wind development capabilities, corporate PPA offerings, and integrated renewable-plus-storage solutions targeting European industrial customers.
- EDP Renewables: One of the world's largest renewable energy developers and a JV partner with ENGIE in Ocean Winds for offshore wind globally. Competes in offshore wind concessions and renewable project development adjacent to Electrabel's market.
- RWE Renewables: Major European utility with significant onshore/offshore wind, solar, and battery storage operations. Comparable as a large-scale renewable developer offering corporate PPAs and integrated energy solutions to industrial customers.
Emerging players
- Virya Energy (Eoly Energy): Belgian green energy producer focused on hydrogen, solar, and wind. Already partnered with ENGIE on E40 highway wind projects, and competes in Belgian onshore wind development and corporate renewable supply.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Electrabel social profiles
Digital presenceElectrabel compliance and trust
Trust signalCompliance3 records
Electrabel financial estimates
Financial estimateRevenue estimate
Valuation estimate
Electrabel leadership team
Management profileNumber of profiles
Electrabel subsidiaries and ownership
Company hierarchySubsidiaries4 records
Electrabel funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Electrabel 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 Electrabel
What does Electrabel do?
Electrabel produces electricity and gas in Belgium from renewable sources (onshore and offshore wind, solar), nuclear, and flexible thermal generation, supported by battery energy storage. It sells energy to large industrial and corporate buyers through long-term Corporate Power Purchase Agreements (PPAs) and supplies electricity, gas, and related energy services through the ENGIE brand to commercial and residential customers.
Is Electrabel a public or private company?
Electrabel is a private company. It is classified as corporate owned and is currently operating.
When was Electrabel founded?
Electrabel was founded in 1905. It employs 5,001 to 10,000 people.
Where is Electrabel based?
Electrabel is headquartered in Brussels, Belgium, in the Europe region.
How does Electrabel make money?
Four revenue lines are on record. Renewable energy production and supply is the primary driver. The others are corporate Power Purchase Agreements (PPAs), offshore wind operations and battery energy storage.
Who are Electrabel's main competitors?
Direct peers on record are EDF Luminus, Luminus, Otary and Eneco. Broad incumbents are ENGIE Group, Vattenfall, Ørsted, EDP Renewables and RWE Renewables. Virya Energy (Eoly Energy) is listed as an emerging player.
Does Electrabel have an API?
No public API is recorded for Electrabel.
What industry is Electrabel in?
Electrabel's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAEAAAF, Wind Power Plant EPC (Onshore/Offshore), with a secondary code of EUAGADAI, Hybrid PPAs (Renewables + Storage) & Firm Renewable Products. Its NAICS code is 2211 and its SIC code is 4911.