GRENERGY RENOVABLES SA
GRENERGY RENOVABLES, S.A. is a Spanish public limited company (Sociedad Anonima) with registration number A85130821, registered at Calle Rafael Boti 26, Madrid. The company was incorporated in 2007 and its registry status is listed as active. It develops, builds, owns and operates renewable-energy generation assets, with a principal focus on utility-scale solar photovoltaic plants, alongside wind and battery energy storage system (BESS) projects.
The company’s business model combines project development with an asset-rotation strategy: it originates and constructs renewable projects, operates part of the resulting generation capacity, and sells other completed assets or minority stakes to institutional investors. At the end of 2024 the group reported a solar photovoltaic development portfolio of approximately 16.6 gigawatts. Its main operating markets include Spain, Chile, Italy, Peru and Argentina, with additional project activity in the United Kingdom, Poland, Romania and Germany.
Shares of GRENERGY RENOVABLES, S.A. have traded on the Spanish Stock Exchange (Bolsa de Madrid) continuous market since July 2019 under the ticker GRE.
For the financial year ended 31 December 2024, the company and its subsidiaries reported consolidated revenue of approximately 643 million euros, up 61% year-on-year, consolidated EBITDA of approximately 160 million euros and consolidated net profit of approximately 60 million euros. These are group-level consolidated figures rather than figures for the legal entity alone.
In December 2024, the board of directors terminated Pablo Otin Pintado’s role as chief executive officer, and founder David Ruiz de Andres, previously Executive Chairman, assumed the combined role of Executive Chairman and CEO. In June 2025, GRENERGY RENOVABLES, S.A.’s controlling shareholder announced a private placement reducing its stake by up to 4.68 percentage points while retaining majority control, intended to increase the free float and liquidity of the company’s shares.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
5
Shareholders of GRENERGY RENOVABLES, S.A.
GRENERGY RENOVABLES, S.A. is listed on the Spanish Stock Exchange, and public disclosure of its shareholder base covers major holders above the significant-stake threshold rather than a complete shareholder register. The principal disclosed shareholder is Daruan Group Holding, S.L.U., a Spanish holding company wholly owned by the company’s founder, reported to control approximately 50.0% of share capital and approximately 66.5% of voting rights, per the company’s Annual Corporate Governance Report covering financial year 2025. The remaining share capital is held by institutional and retail investors through the Bolsa de Madrid continuous market and is not individually disclosed at this threshold. In June 2025, Daruan Group Holding, S.L.U. placed up to 4.68% of share capital with institutional investors to increase free float, while retaining a majority position. This overview reflects major disclosed holdings only and is not a complete shareholder list.
Ultimate beneficial ownership
David Ruiz de Andres, founder and Executive Chairman and CEO of GRENERGY RENOVABLES, S.A., is identified as the company’s ultimate beneficial owner. His interest is indirect, held through 100% ownership of Daruan Group Holding, S.L.U., which in turn holds approximately 50.0% of GRENERGY RENOVABLES, S.A. share capital. Applying the ownership chain (100% multiplied by approximately 50.0%), his calculated effective ownership of share capital is approximately 50.0%, alongside a larger reported effective voting interest of approximately 66.5% arising from the voting-rights structure attached to Daruan Group Holding, S.L.U.’s stake. This information is dated to the company’s financial-year 2025 Annual Corporate Governance Report.
Data availability
Shareholder disclosure for GRENERGY RENOVABLES, S.A. is classified as major shareholders only: the controlling shareholder above the significant-holding threshold is publicly disclosed, but the full shareholder register, including individual institutional and retail holders below that threshold, is not publicly available.
Sources
- Grenergy Annual Corporate Governance Report (financial year 2025), grenergy.eu, retrieved 2026-09-18
- El Espanol / Invertia, "Grenergy cesa a Pablo Otin como CEO y David Ruiz de Andres asume el cargo", published 2024-12-20, retrieved 2026-09-18
- TipRanks company announcement, "Grenergy Renovables to Boost Share Liquidity Through Private Placement", published 2025-06-17, retrieved 2026-09-18
Registry feed — rows exactly as filed with Colegio de Registradores / Registro Mercantil Central, including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| Invesco ETF TR II-Invesco Solar ETF | 66.5% | Colegio de Registradores / Registro Mercantil Central | |
| iShares Core MSCI EAFE ETF | 11.3% | Colegio de Registradores / Registro Mercantil Central | |
| Brookfield Global Renewables & Sustainable Infrastructure Fd | 2.5% | Colegio de Registradores / Registro Mercantil Central | |
| Invesco ETF Tr-Invesco MSCI Sustainable Future ETF | 1.2% | Colegio de Registradores / Registro Mercantil Central | |
| DFA Continental Small Company Series | 1.1% | Colegio de Registradores / Registro Mercantil Central |
Officers
21
Directors and officers of GRENERGY RENOVABLES, S.A.
GRENERGY RENOVABLES, S.A.’s structured company data lists 21 officer records, most reported as active. Current senior roles include Executive Chairman and CEO, Head of the Legal Department, Chief Human Resources and Information Officer, and Chief Investment Officer. The company’s own governance disclosures also describe a board that includes a Vice President, an independent lead director, and several other independent and proprietary directors. The company’s official website and Annual Corporate Governance Reports are the primary sources used for this overview; individual board members’ appointment dates were not confirmed from an accessible primary filing and are therefore not stated here.
Recent officer changes
- CEO change: on 19 December 2024, the board of directors terminated Pablo Otin Pintado’s position as chief executive officer, around seven months after his appointment; founder David Ruiz de Andres, previously Executive Chairman, assumed the combined role of Executive Chairman and CEO. Source: El Espanol / Invertia, 20 December 2024.
Data availability
Officer information for Spanish sociedades anonimas is published through the Registro Mercantil and the company’s own CNMV filings. Nationality is not officially disclosed in the sources reviewed for individual officers and is reported here as not disclosed. Historical appointment and resignation dates for individual directors were not independently verified beyond the December 2024 CEO change.
Sources
- Grenergy corporate governance page, grenergy.eu/investors/corporate-governance/, retrieved 2026-09-18
- El Espanol / Invertia, "Grenergy cesa a Pablo Otin como CEO y David Ruiz de Andres asume el cargo", published 2024-12-20, retrieved 2026-09-18
Registry feed — rows exactly as filed with Colegio de Registradores / Registro Mercantil Central, including entries the profile above does not cover.
Group Structure
Group structure of GRENERGY RENOVABLES, S.A.
GRENERGY RENOVABLES, S.A. is not an independent company: it is majority-controlled by Daruan Group Holding, S.L.U., a Spanish holding company wholly owned by founder David Ruiz de Andres, reported to hold approximately 50.0% of share capital and approximately 66.5% of voting rights per the company’s Annual Corporate Governance Report for financial year 2025. This controlling relationship is corroborated by Spanish business press covering the company’s shareholder structure and a June 2025 private-placement announcement. GRENERGY RENOVABLES, S.A. also has an extensive network of subsidiary project companies, consistent with its project-development business model, spanning Spain, Italy, the United Kingdom, Poland, Romania, Germany, Chile, Peru and Argentina. Ownership percentages for individual project-company subsidiaries are not disclosed in the sources reviewed.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Daruan Group Holding, S.L.U. | Spain | B86883592 | Immediate parent (controlling shareholder) | ~50.0% share capital / ~66.5% voting rights | Active | 2025 |
Recent structural changes
- June 2025: Daruan Group Holding, S.L.U. placed up to 4.68% of GRENERGY RENOVABLES, S.A. share capital with institutional investors to increase free float, while retaining a majority stake. Source: TipRanks company announcement, 17 June 2025.
Data availability
The immediate controlling shareholder is verified through the company’s own governance disclosures and independent press coverage. The wider subsidiary network shown in this profile’s corporate-structure data reflects an extensive group of project companies across multiple countries; individual ownership percentages for these subsidiaries were not confirmed from an accessible primary filing, so this section should be read as partial rather than complete.
Sources
- Grenergy Annual Corporate Governance Report (financial year 2025), grenergy.eu, retrieved 2026-09-18
- TipRanks company announcement, "Grenergy Renovables to Boost Share Liquidity Through Private Placement", published 2025-06-17, retrieved 2026-09-18
Registry feed — rows exactly as filed with Colegio de Registradores / Registro Mercantil Central, including entries the profile above does not cover.
DARUAN GROUP HOLDING SL.
Spain
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Frequently Asked Questions
What does GRENERGY RENOVABLES SA do?
Developer, owner and operator of solar photovoltaic, wind and battery-storage renewable-energy projects, with an asset-rotation business model.
Who owns GRENERGY RENOVABLES SA?
Daruan Group Holding, S.L.U. holds approximately 50.0% of share capital and approximately 66.5% of voting rights (2025 disclosure); remaining shares are publicly traded.
Who is GRENERGY RENOVABLES SA's UBO (Ultimate Beneficial Owner)?
David Ruiz de Andres, founder and Executive Chairman and CEO, indirectly via 100% ownership of Daruan Group Holding, S.L.U.
What is GRENERGY RENOVABLES SA's company registration number?
GRENERGY RENOVABLES SA's registration number is A85130821, filed with Colegio de Registradores / Registro Mercantil Central in Spain. Its current status on the register is active.
Is GRENERGY RENOVABLES SA still an active company?
GRENERGY RENOVABLES SA's status on Colegio de Registradores / Registro Mercantil Central is listed as active.
What is GRENERGY RENOVABLES SA's registered address?
The registered address on file for GRENERGY RENOVABLES SA is Madrid, Spain.
What legal structure is GRENERGY RENOVABLES SA registered as?
GRENERGY RENOVABLES SA is registered as a Public Limited Company in Spain.
What is GRENERGY RENOVABLES SA's revenue?
Consolidated revenue of approximately 643 million euros for FY2024 (up 61% year-on-year); consolidated EBITDA approximately 160 million euros.
Is GRENERGY RENOVABLES SA listed on a stock exchange?
Listed on the Spanish Stock Exchange (Bolsa de Madrid) continuous market since July 2019, ticker GRE.
Who are the officers/directors of GRENERGY RENOVABLES SA?
Executive Chairman and CEO David Ruiz de Andres leads the board since December 2024, when Pablo Otin Pintado stepped down as CEO.
Does GRENERGY RENOVABLES SA have a parent company or subsidiaries?
Majority-controlled by Daruan Group Holding, S.L.U.; operates a large network of project-company subsidiaries across Spain, Italy, the UK, Poland, Romania, Germany, Chile, Peru and Argentina.
Can Zavia monitor changes to GRENERGY RENOVABLES SA's ownership over time?
This profile reflects a point-in-time snapshot from Colegio de Registradores / Registro Mercantil Central. Zavia's monitoring API can track changes to GRENERGY RENOVABLES SA's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access GRENERGY RENOVABLES SA's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Spain, so records like GRENERGY RENOVABLES SA's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Colegio de Registradores / Registro Mercantil Central and was last synced on 18 September 2026.