NEXTEN LTD

What NEXTEN LTD does

NEXTEN LTD (operating as Nexten Solar, formerly Nexten Energy) is a privately held, founder-owned solar engineering, procurement, and construction (EPC) services company headquartered in Türkiye, with regional offices in Sofia, Bulgaria and Pitești, Romania. Founded in 2017 by Birol Mutlu — who had been executing MW-scale solar installations since 2014 — the company delivers end-to-end construction and installation services for utility-scale and commercial solar power plants across Europe and the Middle East.

The company's service offering is organized into four integrated pillars: Electricity Services (low-voltage and medium-voltage electrical infrastructure, transmission lines, and material procurement); Mechanical Installation Services (footings, structural assembly, and panel mounting); Site Arrangement & Construction Services (excavation, site mobilization, security systems, fencing, and on-site facilities); and Technical Support & Maintenance Services (panel cleaning, field maintenance, remote monitoring, and efficiency reporting). Proprietary technical capabilities center on solar tracker systems for energy yield optimization and remote monitoring for ongoing performance management. The company has cumulatively installed over 1 million panels across more than 400 MW of projects in countries including Romania, Italy, Ukraine, Croatia, Germany, Denmark, Bulgaria, Albania, Türkiye, Saudi Arabia, and Jordan.

The business model is primarily one-time project-based revenue from EPC contracts, supplemented by recurring revenue from maintenance and remote monitoring subscriptions. Customer acquisition is direct enterprise field sales targeting solar project developers, investors, and asset owners, with no resellers or distribution intermediaries. Pricing is custom per project based on installed capacity, project type, site conditions, and geography. The company holds ISO 9001, ISO 14001, and ISO 45001 certifications and is privately held with no disclosed funding rounds or institutional investors.

Name

NEXTEN LTD

Legal name

NEXTEN LTD

Website

https://nextensolar.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

NEXTEN LTD (Nexten Solar) is a founder-owned Türkiye-headquartered EPC contractor delivering end-to-end solar power plant construction, mechanical and electrical installation, and maintenance/remote monitoring services for enterprise developers and investors across Europe and the Middle East.

Ownership category

akta.pro rank

Product category

Solar EPC and Installation Services

NAICS

Power and Communication Line and Related Structures Construction (237130)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

Keywords

• Solar installation services
• Solar EPC services
• Mechanical installation
• Electrical infrastructure
• Maintenance services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Solar Project Construction & Installation: One-time project-based revenue from electrical and mechanical installation, construction, and commissioning of solar power plants. Services include site preparation, panel mounting, electrical integration, and grid connection.
2. Technical Support & Maintenance: Ongoing maintenance services for solar power plants including panel cleaning, field maintenance, hazard identification, remote monitoring and efficiency reporting. Services provided for both company-installed and third-party projects.
3. Remote Monitoring Services: Remote monitoring and reporting service for power plant efficiency rates and production values with automatic follow-ups and immediate problem intervention capabilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

NEXTEN LTD delivers end-to-end construction, installation, and maintenance services for utility-scale solar power plants. Services span electrical infrastructure (LV/MV systems, transmission lines, grid integration), mechanical mounting and panel installation (including tracker systems), site preparation and construction (excavation, mobilization, security fencing, lighting), and ongoing technical support, maintenance, and remote monitoring. Projects are executed by in-house expert teams using the company's own machinery fleet across Europe and the Middle East.

Product overview

NEXTEN LTD is a solar energy project installation and construction company offering end-to-end services as a single unified service offering rather than a modular platform. The company provides four interconnected service areas: Electricity Services (handling LV/MV electrical infrastructure, transmission lines, and material procurement), Mechanical Installation Services (footing preparation, panel assembly, and construction), Site Arrangement & Construction Services (excavation, site mobilization, security systems), and Technical Support & Maintenance Services (remote monitoring, repairs, panel cleaning). These services are delivered as an integrated, continuous service from installation through maintenance, with teams located in Turkey, Bulgaria, and Romania serving projects across Europe and beyond.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Services Electrical infrastructure services for solar power plants including Low Voltage (LV) and Medium Voltage (MV) installation, energy transmission lines, and material procurement. Delivered for solar project developers and investors to transmit generated electricity efficiently and integrate with main grid systems.
• Mechanical Installation Services Mechanical infrastructure and superstructure assembly for solar projects including driving or concreting footings, construction leg installation, lower and upper construction assembly, and panel mounting using owned machinery and experienced teams. Designed for solar project developers and investors needing precise, durable mechanical installation.
• Site Arrangement & Construction Services Site preparation and construction services including excavation operations, site mobilization (accommodation, utilities setup), service routes, and completion of security installations such as fencing, cameras, alarms, and lighting. Provided for solar power plant developers needing turnkey infrastructure for smoothly functioning SPP projects.
• Technical Support & Maintenance Services Ongoing technical support, maintenance, remote monitoring, and panel/field cleaning services for solar power plants to ensure uninterrupted and efficient operation over their operational lifetime. Services are available for both Nexten-installed and third-party projects and include efficiency and production reporting with automatic follow-ups and immediate problem intervention.

Quantifiable outcome

• 400+ MW of completed solar projects across multiple countries
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Belectric: European solar EPC contractor with utility-scale and rooftop capabilities across multiple European and MENA markets. Comparable to Nexten in scope of electrical, mechanical and grid integration services and in operating geographies.
• Swinerton Renewable Energy: US-headquartered solar EPC contractor delivering utility-scale PV projects with self-perform construction crews. Comparable to Nexten in self-perform model, own equipment fleet and end-to-end project delivery.
• SOLV Energy: Large US-based utility-scale solar EPC contractor. Comparable to Nexten in delivering utility-scale PV projects with own crews, though operating primarily in North America at larger scale.
• Sterling and Wilson Solar: Global solar EPC contractor with multi-GW delivered across utility-scale projects worldwide. Comparable to Nexten in core turnkey EPC services, but at substantially larger scale and broader geographic footprint.
• Enerparc AG: Germany-based solar EPC and developer active across Europe, MENA and Latin America. Comparable to Nexten as a utility-scale solar EPC with similar geographies and turnkey project delivery model.

Emerging players

• GreenYellow: Energy solutions provider offering solar EPC and energy efficiency services across multiple geographies. Comparable to Nexten in distributed solar EPC capabilities but with a broader energy services portfolio.
• X-Elio: Solar developer and EPC active across Southern Europe, MENA and Latin America. Comparable to Nexten in target geographies and utility-scale project focus, though positioned more as developer than pure EPC.

Broad incumbents

• Acciona Energía: Global renewable developer with internal EPC capabilities across wind and solar utility-scale projects. Comparable as a utility-scale solar builder but with a much broader portfolio spanning development, ownership and operations.
• Mortenson Construction: Large US general contractor with a dedicated renewable energy group executing wind and solar utility-scale projects. Comparable as EPC partner for utility-scale renewables but operating across construction verticals.
• Iberdrola (through Iberdrola Energía Solar): Global utility with significant solar EPC and development activities across Europe and Latin America. Comparable as a large-scale solar builder, though EPC is embedded in a much larger utility portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nextensolar

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 NEXTEN LTD