BIZKAIA ENERGIA SL

What BIZKAIA ENERGIA SL does

Bizkaia Energia S.L.U. is a Spanish privately-held electricity generator that owns and operates a single asset: the Amorebieta combined cycle gas turbine (CCGT) power plant located in the Boroa Industrial Estate in Amorebieta-Etxano, Bizkaia. The 786 MW facility, in commercial operation since August 2005, uses a 2-2-1 configuration of two GE MS9001 FA DLN 2.0+ gas turbines, two Doosan heat recovery steam generators, one ALSTOM steam turbine, GE 324 generators, and a GEA air-cooled condenser, with an AREVA 400 kV substation for grid interconnection. Natural gas is supplied through a HIVISAN 45-60 bar measurement and control station.

The company generates electricity and sells it exclusively into the Iberian wholesale electricity market operated by OMIE (Operador del Mercado Ibérico), with physical delivery handled through the transmission grid of REE (Red Eléctrica Española). The plant has sufficient capacity to power more than 150,000 households. Operations and maintenance are performed by Bizkaia Facility Management (BFM), a contracted entity providing a 40-person specialist team. The company holds ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO 55001:2015 certifications, complies with EU REMIT transparency obligations, and is GDPR-compliant. Bizkaia Energia is wholly owned by Castleton Commodities International LLC (CCI), a US-headquartered commodities trading and infrastructure investment firm; the company itself has no other subsidiaries, no public listing, and no M&A history.

The business model is wholesale electricity generation with revenue determined entirely by Iberian pool prices and dispatch volume. There is no retail customer relationship, no bilateral offtake agreement, and no disclosed pricing — pricing is set by market forces through OMIE. The company publishes market data, daily OMIE prices, and real-time REE demand curves on its trilingual corporate website (Spanish, English, Basque) and maintains an e-coordina supplier portal for vendor management. Its marketing and communications footprint is limited to regulatory transparency disclosures and stakeholder reporting rather than active demand generation.

Name

BIZKAIA ENERGIA SL

Legal name

Bizkaia Energia S.L.U.

Website

https://bizkaiaenergia.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

Bizkaia Energia S.L.U. is a Spanish wholesale electricity generator operating a single 786 MW combined cycle gas turbine plant in Amorebieta, Bizkaia, selling output through the OMIE Iberian wholesale market and the REE transmission grid to serve over 150,000 households, and wholly owned by Castleton Commodities International.

Ownership category

akta.pro rank

Headquarters

HQ city

Amorebieta-Etxano

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Electricity Generation and Sales: Bizkaia Energia generates electricity through its combined cycle power plant and sells it into the wholesale energy market through OMIE (Operador del Mercado Ibérico, Polo Español). The company participates in the liberalized Spanish electricity market following the sector liberalization in 1997 under Law 54/1997.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Bizkaia Energia owns and operates the 786 MW Amorebieta Combined Cycle Gas Turbine (CCGT) power plant in Amorebieta-Etxano, Bizkaia, Spain, generating electricity from natural gas in a 2-2-1 configuration. The electricity is sold into the Iberian wholesale market through OMIE and delivered to the Spanish transmission grid operated by REE, with the plant capable of supplying more than 150,000 households. Operations and maintenance are delivered by Bizkaia Facility Management (BFM), a contracted service provider with a 40-person team, while the company also maintains ISO-certified environmental, safety, and asset management systems.

Product overview

BIZKAIA ENERGIA SL is a single-product company that owns and operates the Amorebieta Combined Cycle Gas Turbine (CCGT) power plant in Bizkaia, Spain. The 786 MW facility, which began commercial operation in August 2005, generates electricity through a 2-2-1 configuration with two GE MS9001 FA gas turbines, two DOOSAN HRSGs, one ALSTOM steam turbine, and GE generators. The company provides electricity generation services capable of powering over 150,000 households, supported by operations and maintenance services from Bizkaia Facility Management. Additional services include asset management, market data publication, and REMIT compliance reporting for wholesale energy market transparency.

Differentiator

Problem solved

Functional benefit

Products and services

• Amorebieta Combined Cycle Power Plant (CCGT) A combined cycle gas turbine electricity generation plant located in Amorebieta-Etxano, Bizkaia, Spain, with a nominal capacity of 786 MW in a 2-2-1 configuration, using natural gas as fuel and capable of supplying more than 150,000 households.
• Wholesale Electricity Generation Services Generation and wholesale supply of electricity from the 786 MW Amorebieta CCGT plant into the Iberian wholesale market via OMIE and delivered through the Red Eléctrica Española transmission grid, providing baseload, intermediate, and peaking capacity to the Spanish power system.
• REMIT Compliance Transparency Reporting Mandatory transparency reporting on wholesale energy market integrity, including publication of facility capacity, utilization, and availability data for the Amorebieta plant, directed at regulators (ACER, CNMC) and market participants.

Quantifiable outcome

• 786 MW generation capacity capable of supplying 150,000+ households

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Bizkaia Facility Management (BFM)coreImplementation/ SI/ Consulting PartnerBFM is the contracted operations and maintenance (O&M) service provider for Bizkaia Energia's Amorebieta power plant. The team of 40 professionals provides O&M services with certifications in ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007 and ISO 55001:2015. BFM acts as a co-responsible party in personal data processing.
• OMIE (Operador del Mercado Ibérico)coreChannel Partner/ Reseller/ DistributorOMIE is the Iberian electricity market operator for Spain. Bizkaia Energia publishes daily market prices through OMIE and sells electricity through this wholesale market platform. OMIE is the regulated market operator for wholesale electricity transactions.
• REE (Red Eléctrica Española)coreTechnology or IntegrationREE is the Spanish electricity system operator. Bizkaia Energia publishes capacity and utilization data through REE and connects to REE's transmission grid (400kV substation) for power delivery. The company follows REE's operational procedures for maintenance planning (P.O.- 2.5).
• ACER (Agency for the Cooperation of Energy Regulators)minorOthersEU agency for cooperation of national energy regulators. Bizkaia Energia maintains compliance with ACER's regulatory framework for wholesale energy market integrity.
• CNMC (Comisión Nacional de Mercados y Competencia)minorOthersSpanish national markets and competition commission regulating energy markets including REMIT compliance.

Scale indicators6 records

Recent moves9 records

Expansion highlights2 records

Direct peers

• Naturgy Energy Group: Major Spanish gas and electricity utility with significant CCGT and combined heat and power capacity. Naturgy operates wholesale generation assets selling into OMIE, making it the closest direct competitor in the Iberian thermal generation market.
• Endesa: Spain's largest electricity utility with multiple CCGT plants selling into the OMIE wholesale market and supplying Spanish households and industry. Directly comparable as an integrated operator of large-scale gas-fired generation assets connected to REE's transmission grid.
• EDP España: Spanish subsidiary of Portuguese utility EDP with thermal generation capacity and OMIE market participation. Operates in the same Iberian market dynamics and serves similar wholesale customers, making it a direct peer for Bizkaia Energia.
• Iberdrola: Major Spanish utility with thermal generation capacity alongside its dominant renewables portfolio. Iberdrola operates CCGT plants in Spain selling into OMIE, making it directly comparable as a wholesale electricity generator with regulatory and grid integration parallels.
• Viesgo: Spanish electricity utility with thermal generation capacity operating in northern Spain, close to Bizkaia Energia's Basque Country location. Smaller-scale comparable with similar OMIE market participation and grid integration through REE.
• Engie España: Spanish subsidiary of French utility Engie, operating CCGT plants in Spain. Engie's Iberian thermal fleet sells into OMIE under similar regulatory and fuel cost dynamics as Bizkaia Energia.

Broad incumbents

• Statkraft: European renewable-heavy generator with merchant exposure and flexible generation assets. Statkraft's Iberian trading presence and merchant generation approach provide a comparable business model archetype for European power generation economics.
• ContourGlobal: International thermal generation owner-operator with assets across Europe and emerging markets. ContourGlobal's business model of operating wholesale generation assets under a single-asset or portfolio structure makes it a broader incumbent comparable to Bizkaia Energia's setup.

Emerging players

• Repsol: Spanish integrated energy company with growing power generation ambitions including renewable and thermal assets. While historically upstream-focused, Repsol is building a generation portfolio that competes in the same Iberian wholesale market dynamics.

Regional players

• Alpiq: Swiss electricity producer and trader with European thermal and hydro generation assets. While primarily Swiss-based, Alpiq has trading exposure to Iberian power markets and comparable merchant generation economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bizkaia-energia-sl

Compliance6 records

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 BIZKAIA ENERGIA SL