Company Name
BLUENEWABLES SL
Activity
Engineering consulting company specialized in the blue economy, focused on the development of innovative technologies for the sustainable use of marine energy resources
CIF
B76803071
Sector
Renewable Energy off-shore
Address
CALLE EL VIZCONDE Nº 7, CHIO - Guia de Isora
EPM Joining Date
27/03/2025
Creation Date
04/02/2022
Founders Bernardino Couñago Lorenzo Ismael Fernández Gil Óscar Sainz Ávila Sergio Hernández Cecilio Barahona
Investors email contact
b.counago@bluenewables.com
Company profile
Bluenewables positions itself as an innovative company in the clean energy sector, committed to the development of new sustainable technologies.
Relevant data
| (thousand of Euros) | 2023 | 2024 |
|---|---|---|
| Net worth | 1.407 | 3.293 |
| Net business turnover | 1.986 | 2.878 |
| Financial debt | 128 | 15 |
| Ebitda | 444 | 1.468 |
| Net Profit | 601 | 830 |
| Average number of employees | 17 | 17 |
Business Model
Bluenewables SL (BN) specializes in the development of technologies for marine renewable energies, with a current focus on innovative floating solar technology. In this context, "technology" refers specifically to the design of the floating platform and its
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Nueva empresa
associated mooring system. This solution is designed for offshore and nearshore applications. Its modular and scalable design allows for the efficient integration of bifacial photovoltaic panels in marine environments, providing renewable energy generation in areas with high solar irradiation and limited land space.
The company offers turnkey solutions for marine renewable energy projects, including engineering, design, construction, installation, and maintenance.
BN’s business model aims to target large-scale projects, focusing on four emerging and future markets:
1. Floating solar for port decarbonization
2. Floating solar hybridization with offshore wind
3. Floating solar for hydrogen production onshore or offshore
4. Standalone floating solar farms for electricity generation without the need for hybridization with other marine technologies.
Additionally, BN provides technical and strategic consulting to energy sector companies, supporting the planning and execution of floating renewable energy projects.
The company seeks to expand internationally, forming partnerships with governments and businesses to implement its solutions in key markets across Europe, Asia, and Latin America.
This business model combines technological innovation, sustainability, and proven expertise in the energy sector, allowing Bluenewables SL to stand out in the growing marine renewable energy market
Competitive advantage
BN presents several attractive opportunities:
Growing Market
The global demand for renewable energy is surging, with a particular focus on floating solutions to optimize the use of maritime space. The potential market for PV-bos technology is estimated at 400,000 MW, representing a billion-dollar business opportunity.
Innovation and Technological Differentiation
BN’s proposed technology features high innovation, reducing operational costs and improving energy efficiency, making it an attractive solution for governments and utilities.
Attractive Returns
By positioning itself as a leader in an emerging niche, BN has the potential for rapid growth and value appreciation. The business model enables revenue generation through consulting services, technology licensing, and offshore platform construction, installation, and maintenance, diversifying its profit streams.
Sustainability & ESG (Responsible Investment)
The renewable energy sector is highly attractive to ESG (Environmental, Social, and Governance) investors, aligning with global sustainability goals. Companies with a positive impact on decarbonization have greater chances of securing institutional and private investments.
Summary
BN represents a high-potential opportunity in a growing sector, with differentiated technology and the backing of global trends toward renewable energy. With its scalable technology and access to public funding, BN has the potential to become a key player in the marine energy transition.
Scalability
The floating solar energy market is experiencing remarkable growth, with projections indicating significant expansion in the coming years. Below are some key estimates:
Market Projections
• Emergen Research: The global offshore floating solar systems market was valued at $39.22 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 22.4% during the forecast period.
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Nueva empresa
• Business Research Insights: The floating solar system market is projected to grow from $269 million in 2024 to $1.226 billion in 2033, with a CAGR of 18.36%. The offshore segment is expected to contribute around $500 million from 2025 to 2033.
• Data Bridge Market Research: Their analysis values the global floating solar panel market at $35.08 million in 2022, with potential growth to $215.90 million by 2030, registering a CAGR of 25.50%. The offshore floating solar market alone could be worth $100 million by 2030.
• King's Research: This report values the global floating solar panel market at $3.27 billion in 2023 and forecasts growth to $23.04 billion by 2031, with a CAGR of 28.03%. The offshore floating solar market would account for $9 billion by 2031.
These figures highlight the potential and rapid expansion of the floating solar energy sector worldwide.
Bluenewables' Market Position
Additionally, BN is already actively involved in real business opportunities for offshore floating solar projects totaling 400 MW by 2025. If materialized, this could represent a business volume of €600 million between 2026 and 2033.
