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

SpainSpain

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

EGPE Solar valuation by funding round
DateStageValuation
Jul 2024Secondary$2B

EGPE Solar Funding History

EGPE Solar has 1 recorded secondary share sale and no primary funding rounds.

EGPE Solar funding rounds

EGPE Solar funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2024SecondaryMasdar (lead)$885M$2BEGPE 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

Investors in EGPE Solar by funding rounds participated
InvestorHQRoundsRoleFirst check

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EGPE 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.

Public and private companies comparable to EGPE Solar
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Aksa EnerjiTurkeyTurkeyPublicly listed$871M$245M$1.7B2.5x
Empresa Eléctrica PehuencheChileChilePublicly listed$210M$197M$1.6B-
EconergyUnited KingdomUnited KingdomPublicly listed$11M($64M)$1.5B-
Genesis Energy New ZealandNew ZealandNew ZealandPublicly listed$1.6B$210M$2B1.5x
Montana RenewablesUnited StatesWashington, DCPrivate--$2.3B-
Enel Green Power HellasGreeceAthensPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Koncar Distributivni$538M$168M3.5x-11.1x-
Energean$1.7B$796M3.1x3.0x6.6x4.7x
Vermilion Energy$1.4B$395M2.1x1.9x7.2x3.4x
Castrol India$594M$140M3.2x2.9x13.5x12.5x
Centuri Holdings$3B$254M0.9x0.8x11.1x10.1x
Spartan Delta$297M$175M6.9x4.5x11.8x7.9x
Engie Energia Chile$2.1B$651M2.1x2.1x6.6x6.0x
Maurel & Prom$578M$510M3.0x2.6x3.4x5.2x

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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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