Elecnor

Name

Elecnor

Legal name

ELECNOR, S.A.

Website

https://elecnor.com

Company type

Public

Founded year

1957

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Infrastructure Construction and Energy Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112), Engineering Services (541330), Architectural, Engineering, and Related Services (5413)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Infrastructure construction services
• Renewable energy projects
• Electricity transmission infrastructure
• Telecommunications network installation
• Water treatment engineering

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Projects: Infrastructure construction, renewable energy development, electricity infrastructure, and concessions. Major projects include wind farms, solar parks, transmission lines, and gas pipelines.
2. Services: Installation, maintenance, and efficiency services for infrastructure, electrical systems, telecommunications, and industrial facilities.
3. Concessions: Own projects and concessions generating recurring revenue from infrastructure operations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Elecnor is a global infrastructure and energy services company that develops, constructs, and operates projects across electricity, power generation, natural resources, telecommunications, railways, construction, water, and environment sectors. The company delivers end-to-end infrastructure solutions under EPC models, with 2025 sales of EUR 4,387 million across Services (55%), Projects (36%), and Concessions (9%) segments, operating in 40+ countries with over 28,000 employees.

Product overview

Elecnor is a global infrastructure and energy services company structured around three business segments: Services (55% of net profit), Projects (36%), and Concessions (9%). The company operates across ten core business areas including Electricity, Power Generation, Natural Resources, Telecommunications and Systems, Railways, Energy Maintenance and Efficiency, Facilities, Construction, Water, and Environment. Elecnor's product portfolio encompasses the entire infrastructure lifecycle from design and construction to maintenance and operation, with particular focus on renewable energy projects (wind farms, solar parks, battery storage), grid infrastructure (substations, transmission lines), and environmental services. The company operates through subsidiaries including Hidroambiente (water treatment), Audeca (environmental services), Área 3 (interior design), and Adhorna (precast concrete). Major projects include the Azulão Complex (590 MW combined cycle), Cimarrón Wind Farm (320 MW), Goyder South Wind Farm (412 MW), Tauhei Solar Park (150 MW), and synchronous condenser installations for grid stability across Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Infrastructure Services Infrastructure services for electricity transmission, distribution, and grid development including substations, power lines, and grid stabilization systems, serving utilities and transmission system operators.
• Power Generation Services Development and construction of renewable energy projects including wind farms and solar parks for clean electricity production, serving power generation companies and renewable energy developers.
• Natural Resources Services Gas pipeline infrastructure, expansion networks, and maintenance services for natural resource distribution systems.
• Telecommunications and Systems Services Fiber optic network installation and telecommunications infrastructure development and maintenance for telecom operators and network providers.
• Railways Services Railway electrification projects, infrastructure construction, and maintenance for rail transportation networks.
• Energy Maintenance and Efficiency Services Preventive and corrective maintenance services for energy installations, refrigeration systems, and efficiency optimization.
• Facilities Services Building installations including electrical, plumbing, HVAC, fire protection, and building management systems for commercial and industrial properties.
• Construction Services General construction services for tertiary and industrial sectors including buildings, civil engineering, hydraulic works, and industrialized construction solutions.
• Water Services
• Environment Services Environmental protection services, waste treatment and valorization, water sanitation and purification, and rehabilitation of natural spaces.
• Synchronous Condensers (SynCons) Grid stability infrastructure providing inertia, reactive power, and short-circuit power compensation for renewable energy integration, deployed in Ireland and Scotland for TSOs EirGrid, SONI, and National Grid ESO.
• Battery Energy Storage System (BESS) Delivery Turnkey EPC delivery of battery energy storage systems providing grid-balancing services, frequency and voltage regulation, and renewable integration support.

Quantifiable outcome

• Cimarrón Wind Farm will generate clean energy for 84,000+ California homes and reduce CO2 emissions by 200,000+ tonnes per year
• +2 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Mexico Wind Developers ConsortiumminorOthers · 7 July 2026Elecnor participating in Mexico's 2,159MW wind pipeline entering regulatory process alongside developers Terralia, Genux Power, Revolve Renewable Power, Idea Energía, and Eólica Dzilam. All projects entering July-August permitting window ahead of final evaluation in October.
• NHOA EnergycoreStrategic or Co-development Partner · 23 June 2026NHOA Energy and IQA-Elecnor consortium selected by Varco Energy for 100MW/244MWh Old Allen Road BESS project in West Yorkshire, UK. NHOA Energy supplies storage systems while IQA-Elecnor handles balance-of-plant and interconnection works. Project scheduled to begin operations in 2027.
• StatkraftcoreStrategic or Co-development Partner · 24 February 2026Statkraft awarded Elecnor contracts for two synchronous condenser installations in Ireland (Coolkeeragh in Northern Ireland and Quarry Lane in Republic of Ireland) as part of the Low Carbon Inertia Services programme. Elecnor executes under full EPC model through consortium comprising Elecnor Servicios y Proyectos, IQA Operations Group, and ESYP.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Vinci Energies: European infrastructure services peer delivering electrical, telecom, and energy infrastructure projects. Highly comparable to Elecnor's Services and Projects segments across power grids, rail electrification, and telecommunications.
• Acciona: Spanish peer operating in renewable energy EPC (wind, solar), infrastructure, water treatment and concessions. Directly comparable in renewable energy EPC execution and concessions-backed infrastructure business.
• ACS Group (Actividades de Construcción y Servicios): Madrid-headquartered Spanish infrastructure conglomerate with overlapping capabilities in energy infrastructure, renewables, telecommunications, and concessions. Closest direct peer given similar business mix, Spanish origin, and comparable scale.
• Cobra IS (ACS subsidiary / VINCI): Spanish-headquartered EPC specialist focused on power, transmission, and renewable energy infrastructure — directly comparable in capability set, scale, and geography to Elecnor's Energy and Power Generation business areas.
• Ferrovial: Spanish infrastructure operator with comparable services in power transmission, rail electrification, and large-scale energy/utility construction. Both share a focus on Spanish- and international-public-works delivery under EPC frameworks.
• Sacyr: Spanish infrastructure and concessions operator with comparable exposure to construction, water treatment, and energy infrastructure. Similar business mix and Spanish heritage make it a close peer.

Broad incumbents

• Siemens Energy: Global incumbent supplying power generation equipment, grid technology, and transmission solutions. Overlaps with Elecnor's power plant EPC and grid-stability projects but operates at a larger scale and as a supplier rather than pure EPC contractor.
• Engie: Global utility and energy services player with substantial renewable generation and grid infrastructure development. Overlaps with Elecnor on wind/solar EPC and grid-stability contracting but at a vastly larger scale and as an offtaker as well as contractor.
• Iberdrola: Spanish/global renewables developer and utility that both contracts EPCs and operates wind/solar farms. Comparable to Elecnor as a frequent counterparty for projects but operates predominantly on the asset-owner side rather than as EPC contractor.

Emerging players

• Terna Energy: Greek-headquartered renewables developer and storage operator with growing exposure to grid-stability and storage projects — comparable to Elecnor's renewable EPC + BESS/synchronous-condenser activities though primarily an asset owner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

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

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries22 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