At the heart of our renewable energy business is project development, which is implemented through joint venture arrangements with local project developers.

On a mission to produce clean megawatts


More than 100 projects under development.

16 GW

12,6 gigawatts of solar and wind generation and 3,9 gigawatts of storage (BESS) under development.


50 in-house plus 50 experts in our local development companies.


11 development companies in 7 markets.


3 long-term asset portfolios. Operational assets in Chile and Spain.


Operating in 8 countries.

Portfolio activity – latest development companies and exits


03/2022 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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03/2022 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

06-07/2022 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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08/2022 first investment together with Universal Kraft was made 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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09/2022 two solar power plants built and operated in Spain were sold 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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10/2022 first investments in a Finnish joint venture established with Solmar Consulting were made. 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.

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Our joint ventures with renewable energy developers