Menorca Renovables

Maó ·Other

Menorca Renovables is not a venture-backed startup but a renewable-energy project company (SPV) behind the Menorca Renovables I/II solar photovoltaic complex on the Dragonera and neighbouring estates in Maó (Mahón), Menorca, Balearic Islands. Developed from 2018-2019 without public subsidy by Spanish fund managers Qualitas Energy and Q-Impact (the impact arm of Qualitas Equity), it comprises roughly 60 MWp of solar PV across ~40 hectares and 90,000+ panels, hybridised with a 30 MW / 120 MWh battery system — the largest solar plant in the Balearics, covering an estimated 20-30% of Menorca's annual electricity demand. In May 2024 the portfolio was sold to Mirova (Natixis Investment Managers) for an investment of over €80M, with commissioning expected in early 2026.

Founded
2018
Total funds raised
—
Rounds
0
Investors
3
SectorsEnergy & Climate, Solar PV, Energy Storage, Renewable Energy Infrastructure Start-up MapEnergy & Climate › Energy infrastructure services

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Founders

No names on record yet.

Global models 2

Intersect Power
Privately funded developer-owner-operator of utility-scale solar PV plants paired with battery storage, selling power under long-term contracts, the same model as the Menorca Renovables solar-plus-battery complex.
~$1.5BComparable
Zelestra
Private-equity-backed (EQT) builder and operator of subsidy-free utility-scale solar and hybrid solar-plus-storage plants in Spain that sells power through PPAs and on the wholesale market.
~$1BComparable

In the same niche 14 others

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Notes: Most funded first

Investors 3

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Q-Impact
qimpact.com
Investor Spain
Investor France
Qualitas Energy
Investor Spain

Funding rounds

No announced rounds on record.
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