bizkaia energia, s.l.u.

What bizkaia energia, s.l.u. does

Bizkaia Energia, S.L.U. is a Spanish single-member limited liability company that owns and operates a 786 MW combined cycle gas turbine (CCGT) power plant located in Amorebieta-Etxano, in the province of Bizkaia, Spain. The company was incorporated in 1998, constructed the plant starting in February 2003, and entered commercial operation in August 2005. It is wholly owned by Castleton Commodities International LLC (CCI), a US-headquartered commodities merchant. The company is a pure-play merchant generator with a single physical asset and no disclosed pipeline of new builds, retrofits, or adjacent businesses.

The plant uses combined cycle gas turbine technology, firing natural gas to generate electricity with the thermal exhaust driving a secondary steam turbine stage, a configuration that has been the workhorse of European flexible thermal generation for two decades. Operations and maintenance are delivered through a dedicated captive entity, Bizkaia Facility Management (BFM), staffed by approximately 40 professionals located on or near the site. The asset holds four internationally recognized management certifications: ISO 14001 (environmental), ISO 55001 (asset management), ISO 45001 (occupational health and safety), and ISO 9001 (quality).

The business model is straightforward merchant generation: electricity produced by the plant is sold wholesale into OMIE, the Iberian day-ahead and intraday electricity market operated by OMIE (operador del mercado ibérico de la energía). Pricing is therefore determined by Spanish wholesale market clearing prices and the plant's capture versus those prices, with input costs driven by natural gas procurement. There are no disclosed bilateral power purchase agreements, retail supply arrangements, or hedging structures in the input data. Customers in the end-use sense are not direct counterparties; rather, OMIE functions as the universal wholesale clearing channel for all Spanish generation, with end consumers served downstream by retailers and large industrial offtakers.

Name

bizkaia energia, s.l.u.

Legal name

Bizkaia Energia S.L.U.

Website

https://bizkaiaenergia.com

Company type

Private

Founded year

1998

Operating status

Operating

Short description

Bizkaia Energia, S.L.U. is a Spanish single-asset merchant power generator that owns and operates a 786 MW combined cycle gas turbine plant in Amorebieta-Etxano, Bizkaia, selling wholesale electricity into the OMIE Iberian electricity market and wholly owned by Castleton Commodities International LLC.

Ownership category

akta.pro rank

Headquarters

HQ city

Amorebieta-Etxano

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel

Revenue model

1. Wholesale Electricity Generation and Sales: The plant generates electricity through combined cycle gas turbine technology and sells power directly to the wholesale electricity market through OMIE (Operador del Mercado Ibérico, Polo Español). Revenue is generated from electricity sales at market prices, making this a merchant power generation business model exposed to market price volatility.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Bizkaia Energia owns and operates the Amorebieta combined cycle gas turbine (CCGT) power plant in Bizkaia, Spain, with a nominal capacity of 786 MW using natural gas as fuel. The company generates electricity and sells it directly into the wholesale Iberian electricity market (OMIE) as a merchant power generator, without long-term power purchase agreements. The facility can supply electricity to over 150,000 households, with operations and maintenance outsourced to Bizkaia Facility Management (BFM).

Product overview

Bizkaia Energia S.L.U. operates a single core product: the Amorebieta Combined Cycle Power Plant, a 786 MW natural gas-fired electricity generation facility in the Basque Country of Spain. The company is a subsidiary of Castleton Commodities International LLC. Operations and maintenance are outsourced to Bizkaia Facility Management (BFM), a related entity that provides certified O&M services for the plant. There is no separate software product, platform, or SaaS offering — the company's product is the physical power generation asset, complemented by its associated O&M services.

Differentiator

Problem solved

Functional benefit

Products and services

• Amorebieta Combined Cycle Power Plant A 786 MW combined cycle gas turbine (CCGT) power generation plant located in Amorebieta-Etxano, Bizkaia, Spain. The facility operates with a 2-2-1 configuration using natural gas as fuel and has the capacity to supply electricity to over 150,000 households. Electricity generated is sold wholesale into the Iberian electricity market (OMIE).

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Four 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. A team of 40 professionals with extensive sector experience handles all plant operations and maintenance activities. The O&M operations are certified against ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO 55001:2015 standards.
• OMIE (Operador del Mercado Ibérico, Polo Español)coreOthersIberian Electricity Market Operator for the Spanish market through which Bizkaia Energia sells wholesale electricity. The company publishes market prices and facilitates electricity trading.
• REE (Red Eléctrica de España)coreOthersSpanish Electrical System Operator responsible for grid operation and transmission. Works with Bizkaia Energia on maintenance scheduling, grid connection, and market transparency reporting under REMIT regulations.
• EEX TransparencyminorOthersEuropean Energy Exchange transparency platform where Bizkaia Energia publishes capacity and utilization information, planned and unplanned unavailabilities of its facilities in compliance with REMIT regulations.

Scale indicators3 records

Recent moves7 records

Market position

Weaknesses5 records

Competitive moat4 records

Customer concentration

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

Compliance3 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, s.l.u.