What VERBUND Green Power Iberia does

VERBUND Green Power Iberia, S.L. is a Spanish private limited company (NIF B10613594) headquartered in Madrid and wholly owned by VERBUND AG, Austria's largest energy company and one of Europe's largest renewable producers. Established in 2021, the entity operates as a renewable generation platform in the Iberian Peninsula, developing, constructing, and operating wind, solar photovoltaic, energy storage, pumped hydroelectric, and green hydrogen projects. Reported assets include approximately 410 MW of operational wind capacity across 14 parks and 300+ MW of operational solar capacity across 6 main installations plus distributed portfolios, with an additional 1,138 MW under construction and roughly 3 GW in development. In 2024, the company delivered more than 1 TWh of renewable electricity.

The business is an asset-heavy, B2B wholesale power generator with two revenue channels: long-term bilateral Power Purchase Agreements (PPAs) with utilities and corporate buyers (named counterparties include Endesa, Statkraft, EDP, and EDP Renewables), and sales into the Spanish wholesale spot market. The company controls its projects through a network of 25+ wholly-owned special purpose vehicles (wind SPVs such as Parque Eólico Buseco, Parque Eólico Ayamonte; solar SPVs such as Natera Solar, Orla Solar, Topacio Energy; hydro SPV PH Tambre Energy) and operates a 50/50-style joint venture with Capital Energy targeting approximately 830 MW of pumped hydroelectric storage. Strategic initiatives include diversification into battery storage and green hydrogen production (in partnership with Masdar).

Commercially the company executes a land-based enterprise sales motion: project siting and permitting are supported by Local Impact Plans and community engagement, asset construction is outsourced to specialist EPC contractors (Lantania, ID Energy Group), and component supply is anchored by a five-year Trinasolar module supply agreement. ESG certifications (UNEF Sustainability Excellence 2024, MITECO Calculo and Compenso seals, Great Place to Work 2023) and a team of 61 employees round out the operating profile. Revenue, PPA pricing, and unit economics are not publicly disclosed at the Iberia entity level; ultimate capital backing sits with the publicly listed parent VERBUND AG (Vienna Stock Exchange: VER).

Name

VERBUND Green Power Iberia

Legal name

VERBUND GREEN POWER IBERIA, S.L.

Website

https://verbund.es

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

VERBUND Green Power Iberia is the Spanish renewable energy platform of Austrian utility VERBUND AG, developing, building, and operating wind, solar, storage, and pumped hydro projects across Spain. It sells electricity to utilities and corporates via long-term PPAs and spot markets.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)

akta.pro secondary industry

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

Keywords

• Renewable energy generation
• Wind power generation
• Solar photovoltaic generation
• Energy storage solutions
• Power purchase agreements

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Generation and Sales: VERBUND Green Power Iberia generates electricity from wind and solar renewable installations and sells it through long-term Power Purchase Agreements (PPAs) with corporate and utility buyers, as well as spot market sales. In 2024, total production exceeded 1 TWh.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

VERBUND Green Power Iberia is a renewable electricity generation company that develops, constructs, and operates wind farms, solar photovoltaic plants, energy storage facilities, pumped hydroelectric plants, and green hydrogen projects in Spain. The company generates electricity primarily from approximately 410 MW of wind capacity across 14 parks and 300+ MW of solar capacity across multiple installations, and sells the output to utilities and corporate buyers through long-term Power Purchase Agreements (PPAs) and spot market sales.

Product overview

VERBUND Green Power Iberia operates as a renewable energy generation company with a portfolio of wind and solar photovoltaic assets. The company manages approximately 750 MW in operation (410 MW wind, 300+ MW solar) and over 1,120 MW under construction, with 3 GW in development. The portfolio includes 14 operational wind parks and 6 main solar installations plus multiple solar portfolios. Strategic initiatives include energy storage (battery and pumped hydro), green hydrogen production, and corporate strategy Mission V guiding the company's European expansion.

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Energy Portfolio
• Solar Photovoltaic Portfolio
• Pumped Hydroelectric Storage Plants
• Green Hydrogen Projects

Quantifiable outcome

• Avoiding approximately 70,000 tonnes of CO2 emissions annually from Calatrava II plant (50 MW solar)
• +2 more outcomes

Named customers4 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

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• TrinasolarcoreTechnology or Integration · 8 May 2025Five-year agreement for the supply of more than 700 MW of high-efficiency photovoltaic modules to support new solar projects in Italy and primarily Spain. Ensures access to high-performance solar modules for plants approaching construction phase.
• EndesacoreStrategic or Co-development Partner · 2 April 2025Long-term wind PPA for renewable energy supply from a wind farm in Huelva province, operational since 2023. Reinforces both companies' sustainability commitments and decarbonization strategies.
• Capital EnergycoreStrategic or Co-development Partner · 8 April 2024Strategic alliance through a joint venture to develop pumped hydroelectric storage plants totaling approximately 830 MW capacity in Spain. Capital Energy leads promotion activities while VERBUND leads construction and operations.
• MasdarminorStrategic or Co-development PartnerAgreement to study the construction of a green hydrogen production plant in Spain, leveraging renewable energy production in regions like Castilla-La Mancha. Expected to enter operation by end of decade.
• StatkraftcoreStrategic or Co-development PartnerPPA contracts for renewable energy supply in Spain.
• EDPcoreStrategic or Co-development PartnerPPA contracts for renewable energy supply in Spain.
• LantaniaminorImplementation/ SI/ Consulting PartnerConstruction contractor for Calatrava II solar plant (50 MW) in Ciudad Real, awarded in mid-2023.
• ID Energy GroupminorImplementation/ SI/ Consulting PartnerEPC turnkey contractor for La Colina solar plant (25 MWp) in Seseña, Toledo. Company specialized in photovoltaics based in Ciudad Real.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Capital Energy: Spanish renewable developer with which VERBUND has both a 171 MW project acquisition (2022) and a strategic 830 MW pumped hydro JV (2024). Overlapping wind/solar development pipeline and Iberian market positioning make it a direct peer.
• Solaria Energía y Medioambiente: Spanish solar PV IPP and developer operating utility-scale plants in Spain. Direct peer on solar PV GTM, PPA-based revenue model, and Iberian market focus despite smaller scale.
• Acciona Energía: Spanish pure-play renewable IPP listed separately from parent Acciona, operating wind and solar generation across Iberia and internationally. Most direct peer given overlapping Iberian wind/solar focus and PPA-driven business model.
• EDP Renováveis (EDPR): Portuguese-headquartered renewable IPP with deep Iberian wind and solar footprint, also a current PPA counterparty to VERBUND Green Power Iberia. Closely comparable on technology mix, geography, and PPA-led GTM.

Regional players

• Masdar: UAE-based clean energy developer and active green hydrogen partner of VERBUND Green Power Iberia. Operates renewable projects in Iberia but is primarily anchored in MENA — comparable on green hydrogen strategy and Iberian presence.

Broad incumbents

• Iberdrola: Spain's largest utility and one of the world's biggest renewable developers. Operates overlapping wind/solar generation in Spain but as part of a much broader generation, networks, and retail portfolio — a broad incumbent rather than a focused renewable peer.
• Naturgy: Spanish gas and electricity utility expanding into renewables via Naturgy Renovables. Competes for Iberian renewable capacity and PPA counterparties but with a much broader gas and conventional generation portfolio.
• Endesa: Major Spanish utility (part of Enel Group) and current long-term PPA off-taker of VERBUND Green Power Iberia's Huelva wind farm. Operates competing renewable capacity but as part of a large generation and retail business — broad incumbent positioning.

Emerging players

• Cox Energy: Iberian solar and renewable developer with earlier-stage pipeline across Spain, Portugal, and Latin America. Comparable on Iberian solar development focus but smaller and earlier-stage than VERBUND Green Power Iberia.
• Audax Renovables: Spanish renewable energy and retail electricity group developing and operating wind/solar assets in Iberia. Smaller and more retail-weighted than VERBUND Green Power Iberia but overlapping on Iberian generation footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/verbund-green-power-iberia

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries38 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 VERBUND Green Power Iberia