Negratín Global Services is consolidating its strategy in Europe with a clear shift towards the hybridisation of photovoltaic plants with storage and a reinforcement of its presence in Spain and Italy, the two main markets where the company foresees sustained growth. "In Spain, the market is moving towards hybridisation with storage and the company has secured between two and three years of visibility with EPC and O&M contracts," states the Managing Director, David Torrego Fernández. In dialogue with Strategic Energy Europe, Torrego points out that the company has already delivered more than 1.1 GW in Spain and 120 MW in Italy, with an expanding pipeline in both countries and an annual operating capacity of between 600 and 800 MW thanks to the financial backing of new partners. In Spain, recent projects include 90 MWp in Murcia with ENI Plenitude, 46 MWp in Badajoz with Matrix and 30 MWp in Granada with Kobus, all under the modality of EPC + transmission lines + substation + O&M. Torrego also highlights that Italy is emerging as a stronger growth market for the company, not only in EPC but also through its role as an Independent Power Producer (IPP), reinforcing the 2025 2030 strategic plan that foresees greater direct participation in renewable assets.
"We see stronger growth in Italy and a clear investment opportunity in this market," he assures. The push towards hybridisation with batteries appears as a decisive factor in the European strategy.
According to the executive, the key in the continent lies in regulatory maturity that will enable the development of hybrid projects and the scaling up of large-scale storage. The integrated in-house EPC model is one of Negratín"s differentiating pillars in Europe.
The company combines in-house engineering, grid connection infrastructure, construction and O&M, together with a digital approach based on digital twins, enabling cost optimisation and efficiency in the construction and operation of plants. An additional factor strengthening this strategy is the recent incorporation of TiLT Capital Partners and SWEN Capital Partners into Negratín"s shareholding, with the acquisition of 38% of the capital. This move represents a qualitative leap that will allow the company to undertake larger projects as general contractor, accelerate the construction of its own photovoltaic plants and advance its international expansion. At the same time, the company maintains a solid financial performance in Europe.
After surpassing the 100 million turnover threshold in 2024, Torrego anticipates that 2025 will be the best year in Negratín"s history, with greater growth than in previous years, the support of new investors and an expanding workforce. With this momentum, Negratín is preparing to lead the next stage of the European energy transition, where hybridisation and storage will set the pace for large-scale renewable projects in the years to come.