Portfolio
At the heart of our renewable energy business is project development, which is implemented through joint venture arrangements with local project developers.
Our development companies with local renewable energy developers
Finland
Semecon
Development company Finnish Renewables
Founded 2021
UK
Evolution Power
Development company Evolution Power
Founded 2021
UK
Climater ER
Development company Climate ER Helio
Founded 2021
Sweden
Recap Energy
Development company Recap Solar Fund V
Founded 2022
Canada
Universal Kraft
Development company Universal Kraft Canada Renewables
Founded 2022
Greece
2A Green Energy
Development company Korkia Crete Solar
Founded 2022
Greece
GH Energy
Development company Korkia Thessaly Solar
Founded 2022
Finland
Solmar
Development company Suomi Helios
Founded 2022
Chile
Ciudad Luz
Development company Ciudad Luz Development
Founded 2023
Italy
BIWO Rinnovabile
Development company Biko Renewables Energy
Founded 2023
Italy
Global Consulting Energy
Development company FFK Renewables Italy
Founded 2023
Romania
Econous
Development company Romania Renewables
Founded 2023
Chile
Solar Ray
Development company Korkia Solar Ray Chile Renewables
Founded 2023
Spain
Long term assets
Latest development companies and exits
Romania
We partnered with Romania-based renewable energy developer Econous Green Energy have set up a partnership to develop 600 MW of solar energy in Romania. Initial projects are expected to be licensed and ready for construction in 2025.
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Italy
We partnered with BIWO Renewables to develop 1 GW of PV capacity in Italy. The collaboration encompasses greenfield development with a diversified strategy across locations and technologies, including ground-mounted solar PV, agri-PV and standalone battery projects.
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Chile
We established a development company with Chilean developer Ciudad Luz to develop 500MW of solar, wind and hybrid projects in Chile. While we have been operating in Chile since 2019, this cooperation marks the beginning of project development focused investing in Chile.
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Sweden
We made our first investments in a joint venture with Swedish renewable energy developer Recap Energy to develop a solar energy portfolio of more than 200 megawatts in Sweden. Solar energy has a positive outlook in Sweden since the country’s goal is to increase its renewable energy capacity by two gigawatts annually between 2017 and 2030.
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Chile
We sold a total of 102 MWp solar energy projects from the project portfolio of a project development company established in Chile in 2020 to three international investors. In addition, the project development company has approximately 50 MWp worth of project sales contracts, which we expect to be realized during 2023.
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Greece & Crete
We made the first investments in a new joint venture with GH Energy in mainland Greece in the Thessaly region, and another in a joint venture with AA Sunshine on the island of Crete. The solar parks will have a total production capacity of more than a gigawatt. Furthermore, the projects include the design of energy storages, which will help balance the electricity system.
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Canada
We made first investment together with Universal Kraft in Alberta, Canada. When completed, projects in Alberta could produce solar energy of up to one gigawatt per year. Alberta, known as an energy province and Canada’s largest producer of crude oil and natural gas, has ambitious renewable energy targets.
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Spain
We sold two solar power plants built and operated in Spain to NextPower III ESG, managed by NextEnergy Capital. The solar power plants have been in full operation since 2020 and have a production capacity of approximately 11 MWp.
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Finland
We made first investments in a Finnish joint venture established with Solmar Consulting. The joint venture has a record amount of solar energy pending in Southern, Western and Southeast Finland. The project development will create the conditions for the construction of dozens of solar energy parks and investments totaling hundreds of millions of euros in the regions.
Learn moreOn a mission to produce clean megawatts
130
Over 130 projects under development.
20 GW
Over 14 gigawatts of solar and wind generation and 6 gigawatts of storage (BESS) under development.
125
50 in-house plus 75 experts in our local development companies.
14
14 development companies in 8 markets.
3
3 long-term asset portfolios. Operational assets in Chile and Spain.
9
Operating in 9 countries.