October 2026
Largest Renewable Energy Public Companies in Poland
Benchmark revenue and EBITDA valuation multiples for public comps like
TAURON, Onde, Columbus Energy, Grupa Virtus and ML System.
 | TAURON Polska Energia SA is a Polish joint stock company that operates and has ownership stakes in the energy industry in Eastern and Northern Europe. TAURON Polska Energia is, cumulatively, involved in the production, distribution, and sale of energy and fuel inputs. The company segments its operations into Mining, Generation, Distribution, and Sales. In its Generation division, TAURON Polska Energia operates a portfolio of biomass, coal, gas, and hydro power plants mainly in Poland. Majority of its total energy production comes from its conventional, thermal facilities. The company generates the majority of its revenue from the sale of electricity and heat out of its Sales unit. | $2 | -14% | $4.1B | $6.8B | 0.8x | 3.6x | ||
| Onde SA is a general contractor for wind farms and PV projects, and carries out a range of projects and services for industries and the power sector in Poland and internationally. It generates wind energy, operates solar farms, and is also engaged in engineering construction, road construction, and operation and maintenance services. | $2 | -9% | $115M | $153M | 0.7x | 12.2x | ||
| Columbus Energy SA is a Poland based company involved in providing energy efficiency services. Its products include photovoltaic systems, that convert solar radiation into electricity. | $1 | -54% | $53M | $76M | 1.0x | (6.1x) | ||
| Raen SA is a renewable energy company. The company focuses on the acquisition, financing, and development of solar projects, as well as wind and biogas projects. | $0 | +87% | $27M | $25M | 392.8x | (18.2x) | ||
| ML System SA is engaged in the design, engineering and production of building-integrated photovoltaic (BIPV) cell systems which generate electrical power from sunlight. It offers Energy Photovoltaics including BIPV modules, BIPV cells, Photovoltaic IGUS, Photovoltaic architecture systems, standard photovoltaic modules and fastening systems. Its other offerings includes Building Management System which includes enegry management systems and security systems. | $4 | -19% | $27M | $66M | 2.1x | (29.5x) | ||
| Sunex SA is a manufacturer of solutions based on renewable energy sources. The company offers Heat pumps, Solar panels, Thermo-siphons, Assembly systems, Connection systems, Water heater tanks, Pump stations, Heat exchange-stations, Heat carriers, Custom products and Solar controllers. | $1 | -26% | $23M | $55M | 1.0x | 6921.8x | ||
| Remor Solar Polska SA is a solar mounting system manufacturer. It is engaged in offering mounting solutions for all types of solar projects, and also offers technical planning, as well as installation services for all REMOR Solar mounting systems. The products of the company include Roof Hooks, Mounting Rails, Rails connectors, Clamps and Brackets, Screws and Nuts, Flat Roof Components, and others. | $1 | -30% | $9M | $9M | 0.4x | (13.8x) | ||
| Starhedge SA is a Poland-based company active in the renewable energy sector. The company has made investments in the renewable energy sector by acquiring shares in companies that own photovoltaic panels and specialize in services related to the sale and distribution of energy. | $0 | -40% | $5M | $7M | 1.1x | (4.3x) | ||
| OZE Capital SA formerly CSY SA is engaged in the vehicles and machinery markets. It offers a range of parts and components for spare parts market; Parts for final users and after market; and Metal machining service. | $0 | -2% | $4M | $4M | 1.4x | 54.0x | ||
| Voolt SA is engaged in the construction of medium and large photovoltaic installations. The company offers design and implementation of ecological solutions in households, the commercial sector and in local government units. Its solutions are based on photovoltaics, storage, and renewable energy management, support the development of businesses and urban areas. | $0 | -36% | $3M | $3M | 162.2x | (30.7x) | ||
| Corey Europe SA formerly, Termo2Power SA operates in the market for reducing electricity consumption. The company's Organic Rankine Cycle products and services carry out conversions of heat generated from waste into electricity. | $0 | -60% | $3M | $3M | 11342.9x | (11.9x) | ||
| Zeneris Projekty SA is engaged in designing and implementing renewable energy investments. The company focuses on Photovoltaics and Hydropower sectors. | $1 | -15% | $2M | $2M | 0.8x | 19.3x | ||
| Foto Volt Eko Energia SA offers consulting and installation of photovoltaic installations for companies, housing cooperatives, housing associations and production plants. The company installs photovoltaic power plants for companies on flat roofs of halls, based on ballast systems; on sloping roofs; and on the ground. | $0 | -51% | $2M | $2M | 3.9x | (14.3x) | ||
| Median | $1 | -26% | $9M | $9M | 1.1x | (6.1x) |
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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