WHO WE ARE.
Leader in the renewable energy sector, with capabilities in all the steps of the value chain, from the design and development of the facilities to their management and operation.
Our MISSION is to produce and supply renewable energy, wind and solar, according to our customers needs, whether individual customers or the electricity system as a whole.
Our VISION is to be a leading platform for service provision in the renewable energy sector, covering all the steps of the value chain, from the desing and development of the facilities through to their management and operation.
OUR VALUES.
Renovalia’s VALUES guide our strategy and determine how we understand and develop the business in every country in which we are present.
OUR HISTORY.
Brief review of some of the main milestones in our history
BACKGROUND.
Renovalia stems from Grupo Forlasa, a Spanish food company founded by the Ortega Family more than 40 years ago. The entrepenurial spirit of the family led them to supply energy to their food business with an environmentally friendly approach.
2005
Beginning of renewable business in Grupo Forlasa.
Developed mini-hydro, wind power and solar technologies where it had operating foodprint.
2007
#1PV plant developed. Fully integrated PV platform with presence in all development/construction, operation and management processes.
Internationalization #1 wind farm in Hungary.
Increasing internationalization in mature and attractive renewable energy markets.
2009
Divestment of Food Business.
Renewable becomes core business.
2010
Renovalia starts partnering up with financial investors (First Reserve).
2011
Enter mexican wind market.
Renovalia has kept a sustainable pace of growth, leading it to become the 1st IPP in Spain and in Mexico.
Step further in the internationalization of the Group through the development of the largest wind portfolio in Mexico at the time.
2015
Cerberus becames 100% owner of Renovalia to further expand the business through inorganic growth.
212MW acquired in 2015 and 2016.
2016-2019
Following several changes in the regulatory environment that introduced some challenges in the development of new installations, the Group turned its focus onto inorganic growth opportunities.
As a consequence, four acquisitions totaling 215Mws were completed in this period. In 2016 and 2017 Renovalia acquired 45Mws of PV plants as well as 170Mws of wind farms.
Likewise, as part of this “buy and fix strategy” put in place by the Group, 422Mws of wind farms were sold in 2019.
2020
F2i, the leading Italian infrastructure fund, acquires Renovalia.
The acquisition is made by the fund’s EF Solare subsidiary and involves in excess of 1.000 MW of solar power, in addition to the 853 MW already generated in Italy by EF Solare.
