Coral Energía

What Coral Energía does

Coral Energía is an Argentine renewable energy developer, builder, and operator headquartered in Buenos Aires and operating as the energy division of diversified conglomerate Grupo Corven. The company develops, constructs, and operates grid-scale solar photovoltaic (PV) parks and battery energy storage systems (BESS) across Argentina, with a portfolio spanning six provinces (Santa Fe, Córdoba, Corrientes, Santiago del Estero, San Juan, and Buenos Aires). Its technology stack centers on bifacial solar panels and large-scale BESS infrastructure integrated into the Argentine Interconnection System (SADI), targeting an installed capacity of 800 MW by 2028 and 1,500 MW by 2032.

The business model is purely B2B and B2G. Coral Energía generates revenue through long-term (typically 15-year) Power Purchase Agreements (PPAs) awarded via competitive public tenders issued by CAMMESA, the national grid operator, and provincial utilities such as EPEC in Córdoba. To date, the company has secured 250 MW of awarded capacity across the RenMDI, AlmaGBA, and AlmaSADI tender programs, with US$221M in committed investments and a future contracted revenue pipeline exceeding US$600M. Coral Energía also operates a small distributed-generation business serving large commercial and industrial customers (e.g., Club Atlético Vélez Sarsfield) and regional governments. Project financing is structured through syndicated loans from domestic Argentine banks (Banco de la Nación Argentina, BIND, Banco Ciudad), supplemented by Grupo Corven equity.

Coral Energía achieved commercial operation of its first generation assets (EPESF solar parks in Santa Fe) in February 2026, marking its transition from developer to active power generator. The company reports 17 solar PV and BESS projects under development with estimated annual generation of 249,200 MWh, and a stated target of US$40M in projected annual revenue.

Name

Coral Energía

Legal name

Coral Energía

Website

https://coralenergia.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Coral Energía is an Argentine renewable energy developer and operator, subsidiary of Grupo Corven, that builds and operates grid-scale solar photovoltaic parks and battery energy storage systems under long-term PPAs awarded via competitive tenders with CAMMESA and provincial utilities.

Ownership category

akta.pro rank

Product category

Solar Power Generation

NAICS

Solar Electric Power Generation (221114)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

akta.pro secondary industry

Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• Solar power generation
• Battery energy storage
• Renewable energy projects
• Power purchase agreements
• Utility-scale solar

Headquarters

HQ city

Buenos Aires, BUENOS AIRES

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Power Generation Sales (PPAs): Revenue generated from long-term Power Purchase Agreements (PPAs) with CAMMESA, provincial utilities (EPEC), and large energy consumers. Contracts typically span 15 years with CAMMESA. The company operates as a power generator, selling electricity produced from solar PV and BESS assets into the national and provincial grid.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Coral Energía develops, constructs, and operates utility-scale solar photovoltaic parks and Battery Energy Storage Systems (BESS) across multiple Argentine provinces. The company sells generated electricity to the national grid operator CAMMESA, provincial utilities such as EPEC, and large commercial and industrial consumers under long-term Power Purchase Agreements (PPAs), typically spanning 15 years. It manages the entire project lifecycle from development and construction through commercial operation.

Product overview

Coral Energía is an Argentine energy company that develops, constructs, and operates renewable energy generation and storage assets. The company operates a portfolio of solar photovoltaic parks (PSFV) across multiple provinces and battery energy storage systems (BESS). The core offerings include 17 solar parks and BESS storage projects under development in Santa Fe, San Juan, Corrientes, Santiago del Estero, Córdoba, and Buenos Aires provinces. Key named projects include the Firmat, Arrufó, San Javier, and San Guillermo solar parks in Santa Fe; Santa Catalina and Bella Vista in Corrientes; Bandera and Añatuya in Santiago del Estero; San Francisco, Cruz del Eje, Arroyo Cabral, and Villa María in Córdoba; and San Pedro in San Juan. The company also operates distributed generation projects for commercial clients such as Club Atlético Vélez Sarsfield. Coral Energía is part of Grupo Corven and targets 800 MW of installed capacity by 2028 and 1,500 MW by 2032.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Photovoltaic Parks (PSFV) Grid-scale solar power generation facilities that convert sunlight into electricity. Coral Energía develops, builds, and operates photovoltaic solar parks across multiple Argentine provinces (Santa Fe, Córdoba, Corrientes, Santiago del Estero, San Juan, Buenos Aires), managing the complete project lifecycle from development through long-term operation under 15-year PPAs with utilities.
• Battery Energy Storage Systems (BESS) Large-scale battery energy storage systems that store electricity for later dispatch, providing grid stability and enabling renewable energy integration. Coral Energía operates BESS projects under CAMMESA AlmaGBA and AlmaSADI tenders with 15-year contracts, including 100 MW awarded under AlmaGBA and projected 600 MW capacity under AlmaSADI.
• Distributed Generation Solar Projects (C&I) On-site solar photovoltaic generation systems for large commercial and industrial consumers. Delivered as turnkey distributed generation projects with grid interconnection and surplus energy feed-in capability, addressing energy cost reduction and ESG goals for enterprises such as sports venues.

Quantifiable outcome

• 250 MW awarded capacity with signed PPAs
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered flagship and supportive.

• CAMMESAflagshipStrategic or Co-development Partner · 1 January 2025National grid operator and offtake partner. Coral Energía secured contracts under RenMDI (90 MW), AlmaGBA (100 MW BESS), and participates in AlmaSADI (600 MW BESS) tenders. Contracts are 15-year agreements for power generation.
• Arturo Busso (Secretary of Energy, Corrientes)supportiveOthersProvincial Secretary of Energy supporting Coral Energía's solar projects in Corrientes Province. Projects include Santa Catalina (25.14 MWp) and Bella Vista (12.33 MWp) parks.
• Claudio Polich (Intendente de Corrientes Capital)supportiveOthersMayor of Corrientes Capital who formally handed over land for Santa Catalina solar park development.

Scale indicators15 records

Expansion highlights5 records

Direct peers

• GENNEIA: GENNEIA is one of Argentina's largest renewable energy IPPs, operating wind and solar parks across multiple provinces under long-term PPAs with CAMMESA. It is the most directly comparable Argentine renewable peer to Coral Energía, sharing the same business model of developing, constructing, and operating utility-scale renewable assets with sovereign offtakers.
• 360 Energy: 360 Energy is an Argentine solar photovoltaic developer focused on distributed generation and utility-scale projects. Like Coral, it targets Argentine solar tender programs (RenMDI) and serves industrial/C&I customers with distributed generation, making it a directly comparable emerging renewable IPP in the same competitive set.
• MSU Green Energy: MSU Green Energy is the renewable energy division of Argentine holding MSU, developing wind and solar projects across Argentina. Like Coral, it focuses on utility-scale renewables with PPAs from CAMMESA and provincial utilities, making it a directly comparable emerging Argentine renewable IPP.

Broad incumbents

• Central Puerto: Central Puerto is one of Argentina's largest private power generators with a diversified thermal, hydro, and wind portfolio. Its renewable subsidiary competes with Coral's solar PV parks in the same CAMMESA PPA framework, making it a directly comparable broad incumbent in the Argentine generation market.
• AES Argentina: AES Argentina is the local subsidiary of US-based AES Corporation, operating thermal and renewable generation assets in Argentina. It participates in the same Argentine renewable tender programs (RenMDI, AlmaGBA) and serves industrial customers, making it a comparable broad incumbent backed by multinational capital.
• Albanesi: Albanesi is an Argentine power generation company historically focused on thermal plants, with growing renewable exposure. It competes with Coral for industrial C&I offtakers and participates in the same Argentine electricity market structure, representing a broad incumbent diversifying into renewables.
• YPF LUZ: YPF LUZ is the energy generation division of Argentina's flagship oil company YPF, operating renewable (wind, solar) and thermal generation assets. While much larger and backed by the integrated YPF group, it competes with Coral in the same Argentine renewable tender market and serves the same CAMMESA offtake structure.
• Pampa Energía: Pampa Energía is a major Argentine integrated energy company with generation (including renewables via Pampetrol and other subsidiaries), transmission, and distribution businesses. Its renewable generation competes directly with Coral's solar PV parks under the same national PPA framework.
• Enel Green Power Argentina: Enel Green Power Argentina is the Argentine arm of Italian utility Enel's global renewables division. It develops, builds, and operates wind and solar farms in Argentina under long-term PPAs, directly comparable to Coral's business model but at a multinational scale with established global project pipelines.
• Engie Argentina: Engie is a French multinational utility with significant Argentine operations including renewable energy generation. Its Argentine renewable portfolio competes with Coral for tender wins and industrial offtakers in the same regulatory framework, representing a multinational incumbent with global development expertise.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@CoralEnergia
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Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Coral Energía