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Largest Renewable Energy Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
Uniper, Nordex, Verbio, SMA Solar Technology and CropEnergies.
 | Uniper SE is a Germany-based energy generation and energy trading company. The firm operates through three segments: Flexible Generation, Greener commodities, and Green Generation. The Green Generation segment comprises emission-free power generation plants that the Uniper Group operates in Europe. The Flexible Generation segment comprises the power and heat generation plants that the Uniper Group operates in Europe to flexibly meet grid operators' requirements. The Greener Commodities segment bundles the energy trading and optimization activities and forms the commercial interface between the Uniper Group and the globally traded markets for energy and the major customers. The majority of revenue is derived from the Greener Commodities segment. | $53 | +23% | $22B | $13B | 0.2x | 5.3x | ||
| Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The projects segment includes all activities associated with the development, production, assembly and commissioning of wind turbines and project development business. The services segment encompasses services and projects for existing turbines after their handover to customers. In particular, this includes technical services such as maintenance and remote monitoring of wind farms as well as repair and technical enhancements for existing turbines. The majority of the sales are done through the projects segment. | $48 | +145% | $11B | $10B | 1.1x | 12.6x | ||
| Verbio SE is a Germany-based company that produces and distributes biofuels. The company's products include verbiodiesel, verbioethanol, verbigas, verbioglycerine, and others. It also provides high-quality components made from sustainably produced biomass for the feed and food industry. Its operating segments include Biodiesel, Bioethanol/Biomethane, and Other. It generates the majority of its revenue from the Biodiesel segment. | $46 | +227% | $3B | $3B | 1.7x | 174.2x | ||
| SMA Solar Technology AG produces, develops, and sells systems and solutions for the efficient and sustainable generation, storage and use of solar energy. Its products include PV and battery inverters, monitoring systems for PV systems, charging solutions for electric vehicles as well as energy management systems, and digital services for the future energy supply. The company operates through the following segments; Home Solutions, Commercial & Industrial Solutions, and Large Scale & Project Solutions. The Large Scale & Project Solutions segment, which derives key revenue for the company, offers products, systems and solutions for industrial solar, storage and hydrogen projects as well as for the conversion of utility grids to a higher proportion of renewable energy. | $75 | +204% | $3B | $2B | 1.4x | (32.9x) | ||
| CropEnergies AG is a German company which manufactures bioethanol for the fuel sector from cereals and sugar beet. The company also produces various food and animal feed products such as ProtiWanze, a liquid protein animal feed for feeding ruminants and pigs, as well as a high-grade dry stillage protein animal feed. In addition, it produces neutral alcohol for the beverage, food, cosmetics and pharmaceutical industries, as well as for industrial applications, such as the production of windscreen washer fluid and disinfectants. | $16 | +2% | $1B | $1B | 244.6x | (10.0x) | ||
| PNE AG is a developer of projects in the renewable energy sector. The company's core business is the project development as well the construction and operation of onshore and offshore wind farms. It operates in three segments: project development (project planning of wind energy and photovoltaic projects) and services (management and servicing of wind farms and PV power plants as well as revenues from transformer station usage fees). In the power generation segment, revenues were achieved by the sale of electricity from ongoing operations of wind farms and of the Silbitz biomass power station. Key revenue is generated from power generation segment. | $12 | -33% | $904M | $2B | 7.3x | 31.9x | ||
| Energiekontor AG engages in the planning, construction, and operational management of wind and solar farms. It operates through the following segments: Project Planning and Sales (Wind, Solar), Power Generation in Group-owned Wind and Solar parks, as well as Operation development, innovation and others. The Project Planning and Sales (Wind, Solar) segment focuses on project development for onshore wind farms and solar parks for sale outside the Group which also contributes to majority of the revenue for the company. The Operation development, innovation and others segment comprises all services following the construction of the wind/solar park that are aimed at optimizing the operational value creation from the time of commissioning. | $49 | -3% | $682M | $1B | 7.4x | 12.0x | ||
| EnviTec Biogas AG is a Germany based company engaged in manufacturing and operating biogas and biomethane plants. It provides biological and technical services, and plant management and operation services. The operating segments of the company are Plant construction, Own plant operation and energy, and Service. It generates maximum revenue from its Own plant operation and energy segment. Geographically, it derives a majority of its revenue from Germany and also has a presence in Italy; Great Britain; Czech Republic; France; Denmark and Other Countries. | $23 | -25% | $341M | $503M | 1.3x | 7.2x | ||
| BayWa AG is a trading and logistics services company that operates through segments: Agri Trade & Service, Agricultural Equipment, The Renewable Energies segment, which is the majority revenue generator, Heating & Mobility, and Building Materials. The group's core market is in Germany, Austria, and the Netherlands. | $4 | -40% | $235M | $6B | 0.2x | 46.2x | ||
| 7C Solarparken AG is a Germany-based company. It is in development, manufacture & operation of photovoltaic energy systems. | $2 | +3% | $170M | $344M | 4.5x | 7.6x | ||
| Clearvise AG is an independent electricity producer from renewable energies with a diversified European plant portfolio. Its activities include the operation and development of a portfolio of energy production facilities producing energy from renewable sources such as wind and solar. The company has several wind turbines and solar plants in France, Germany, Ireland, and Finland. Its operating segments include Wind farms, which derive key revenue, Solar farms, and others. | $1 | -13% | $112M | $375M | 8.4x | 12.5x | ||
| ABO Energy GmbH & Co KGaA develops and builds wind and solar farms as well as battery and hydrogen projects worldwide. It monitor, manage, maintain, and repair renewable energy plants with more than 2,500 megawatts of capacity. | $7 | -84% | $63M | $383M | 0.7x | 5.4x | ||
| Path2 Hydrogen AG is focused on advancing the hydrogen infrastructure economy. It involves in liquefaction, transfer and storage of hydrogen and equipment. | $1 | -- | $62M | $71M | 167.6x | (4.9x) | ||
| H2APEX Group SCA is a company that is established provider of renewable energies which has been fully focused on clean hydrogen production, storage and distribution. In its core business, H2APEX develops, builds and sells or operates green hydrogen plants with an electrolysis capacity of less than One GW. These are used to decarbonize industrial value chains and produce green hydrogen and hydrogen derivatives such as LOHC which is liquid organic hydrogen carriers) and e-fuels. The company also offers systems for infrastructure and logistics, particularly for industrial use in warehouses, ports and production facilities. | $1 | -53% | $54M | $94M | 8.1x | (2.8x) | ||
| Enapter AG is engaged in research and development in the field of hydrogen systems with a focus on electrolysis, project management in Renewable Energy Systems and Smart-Grid Technology, software development for Smart Grid, Smart Energy and Industry 4.0 and Internet of Things (IoT), and manufacturing and production, design, planning, trading and resale of electrolysers and similar products and related software and control systems. Specifically, the Enapter Group develops and manufactures patented electrolysers based on Anion Exchange Membrane (AEM) technology. the Group had only one reportable segment which is the design and production of hydrogen generators based on patented anion exchange membrane electrolysis (AEM electrolysis) and pursues. | $2 | -45% | $54M | $91M | 3.5x | (4.5x) | ||
| More Impact AG is passionately committed to a greener and more sustainable future. As a pioneer in sustainable investments, the company focuses on projects that advance the transition to renewable energies while also having a positive social impact. One of its first groundbreaking projects is the Z-Boxx, a concept that enables pollutant-free smoking and is intended to make a significant contribution to smoking cessation. The Z-Boxx aims to overcome the harmful and unhealthy image of cigarettes and offer an environmentally friendly alternative. It not only supports smoking cessation but also serves as a hookah to-go or for medicinal inhalation. The Z-Boxx offers a healthier alternative to traditional cigarettes and sets new standards in smoking. | $1 | -45% | $43M | $43M | - | (324.2x) | ||
| Faveos SE is a Germany-based company. It independent electricity producer, It focuses on renewable energies. It develops, implements, and operates ground-mounted PV, agri-PV, and wind turbines. It not only relies on technologies but also research in the field of electricity storage. | $13 | -2% | $19M | $19M | 80.1x | (29.0x) | ||
| Sono Group NV is engaged in the field of solar-powered electric mobility. With its proprietary solar technology, the company is able to integrate solar panels into a vehicle’s bodywork, using energy captured from the sun to charge the vehicle’s battery. The group is engaged in the design and development of its own first solar electric vehicle, the Sion. Its Products and Services includes Complete Solar Solutions, Solar Charge Controllers, Solar Modules, and Data Services and Engineering Services. | $4 | -- | $6M | $7M | 39.4x | (0.8x) | ||
| Aleia Holding AG is engaged in the development and implementation of projects in the field of renewable energy and resource conversation and renewable energies, in particular biogas and wind energy. | $0 | -2% | $3M | $3M | 2934.1x | (43.5x) | ||
| DWK Deutsche Wasserkraft AG is a German energy company with roots in Norway and Germany. By building up its portfolio of hydroelectric power plants it creates sustainable added value for the environment and the common good. With hydropower, the company uses a stable and cost-efficient source of electricity generation that does not produce any CO2 emissions. The company develops, acquires and operates small run-of-river power plants and supports co-investors in the purchase, operation and possible sale. | $1 | -54% | $2M | $3M | - | (10.7x) | ||
| Median | $5 | -8% | $141M | $379M | 5.9x | 2.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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