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- EGPE Solar
EGPE Solar Valuation, Funding & Investors
EGPE Solar is valued at $2B as of July 2024.
Last EGPE Solar valuation
$2B
Secondary · Jul 2024
Key investors in EGPE Solar
Masdar
EGPE Solar Overview
About EGPE Solar
EGPE Solar is a subsidiary of Endesa, part of the Enel Group, that owns a 2 GW portfolio of operational solar photovoltaic assets spread across 48 projects in Spain. The portfolio operates under 15-year power purchase agreements, and the company plans to hybridize its solar sites with up to 0.5 GW of battery energy storage. A related entity, EGPE Solar 2, holds an additional 446 MW of photovoltaic assets.
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$2B (Jul 2024)
EGPE Solar Valuation
EGPE Solar is currently valued at $2B, based on its secondary sale in July 2024.
The $885M round was led by Masdar.
EGPE Solar valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2024 | Secondary | $2B |
EGPE Solar Funding History
EGPE Solar has 1 recorded secondary share sale and no primary funding rounds.
EGPE Solar funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2024 | Secondary | Masdar (lead) | $885M | $2B | EGPE Solar is a subsidiary of Endesa, part of the Enel Group, that owns a 2 GW portfolio of operational solar photovoltaic assets across 48 projects in Spain. Masdar acquired a 49.99% stake in EGPE Solar from Endesa for €817 million (approximately US$887 million), implying an enterprise value of €1.7 billion for 100% of the company. The transaction, agreed on July 25, 2024, and finalized in the fourth quarter of 2024, includes 15-year power purchase agreements and plans to hybridize the portfolio with up to 0.5 GW of battery energy storage systems. Endesa retains full operational control and consolidates the subsidiary, with no impact on its financial results. This deal aligns with Enel's partnership model from its 2024-2026 strategy to reduce net financial debt while investing in renewables. Masdar and EGPE Solar also signed a non-binding memorandum to explore further renewable projects in Spain. A related follow-on transaction involved Masdar acquiring 49.99% of EGPE Solar 2, holding 446 MW of photovoltaic assets, at an enterprise value of €368 million. |
Who has invested in EGPE Solar?
1 investor has backed EGPE Solar across its funding rounds, including Masdar.
Lead investors include Masdar.
EGPE Solar Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 EGPE Solar investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialEGPE Solar Competitors
EGPE Solar competitors include listed companies like Aksa Enerji, Empresa Eléctrica Pehuenche, Econergy and Genesis Energy New Zealand, and private ones like Montana Renewables and Enel Green Power Hellas.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $871M | $245M | $1.7B | 2.5x | ||
| Publicly listed | $210M | $197M | $1.6B | - | ||
| Publicly listed | $11M | ($64M) | $1.5B | - | ||
| Publicly listed | $1.6B | $210M | $2B | 1.5x | ||
| Private | - | - | $2.3B | - | ||
| Private | - | - | $2.3B | - |
EGPE Solar Public Comps
EGPE Solar is still privately-owned, but its public comps include Koncar Distributivni, Energean, Vermilion Energy, Castrol India, Centuri Holdings, Spartan Delta, Engie Energia Chile, Maurel & Prom, DNO and Genesis Energy New Zealand.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $538M | $168M | 3.5x | - | 11.1x | - | |||
| $1.7B | $796M | 3.1x | 3.0x | 6.6x | 4.7x | |||
| $1.4B | $395M | 2.1x | 1.9x | 7.2x | 3.4x | |||
| $594M | $140M | 3.2x | 2.9x | 13.5x | 12.5x | |||
| $3B | $254M | 0.9x | 0.8x | 11.1x | 10.1x | |||
| $297M | $175M | 6.9x | 4.5x | 11.8x | 7.9x | |||
| $2.1B | $651M | 2.1x | 2.1x | 6.6x | 6.0x | |||
| $578M | $510M | 3.0x | 2.6x | 3.4x | 5.2x | |||
This data is available for Pro users. Sign up to see all EGPE Solar competitors and their valuation data. Start Free Trial | ||||||||
Common questions about EGPE Solar
| Where is EGPE Solar headquartered? | EGPE Solar is headquartered in Spain. |
| Is EGPE Solar publicly listed? | No, EGPE Solar is a private, VC-backed company. |
| What is EGPE Solar's valuation? | EGPE Solar was last valued at $2B in its secondary sale in July 2024. |
| Who are EGPE Solar's investors? | EGPE Solar's investors include Masdar. |
| Which companies are comparable to EGPE Solar? | Companies comparable to EGPE Solar include Aksa Enerji, Empresa Eléctrica Pehuenche, Econergy, Genesis Energy New Zealand, Montana Renewables and Enel Green Power Hellas. |
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