About Matrix Renewables
Matrix Renewables is an Energy & Utilities company based in Madrid (Spain) founded in 2020. It operates as an operator of renewable energy platform focused on developing solar, and clean energy projects. The company has 12 employees. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its competitors include ACCIONA, Fotowatio Renewable Ventures, Solarpack, SolarMente and Grenergy and 3 more; 1 of its 8 listed competitors has raised funding.
Company details
Matrix Renewables was established in 2020 and is headquartered in Madrid, Spain. A renewable energy platform is operated, with emphasis placed on the development of solar projects and other clean energy initiatives. Operations span project planning, construction, and management within the renewables sector, targeting sustainable energy solutions across various geographies.
- Headquarters Madrid, Spain
- Employees 12
- SectorsEnergy & Utilities
- Website matrixrenewables.com
- Social LinkedIn
- Latest Funding Round$283M (USD), Debt – Conventional
Feb 2024
- Investors
- Employee Count12
Associated legal entities of Matrix Renewables
Matrix Renewables is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Matrix Wind Energy Private Limited CIN U40109TG2005PTC047242 | Active | 26 Aug 2005 | Hyderabad, Telangana | ₹29.4 Cr | – | 2 | View details |
| Matrix Green Energy Private Limited CIN U40108TG2014PTC095984 | Active | 14 Oct 2014 | Hyderabad, Telangana | ₹21.0 Cr | 13 | 2 | View details |
Funding Insights of Matrix Renewables
- Total Rounds 1
- Last Round Debt – Conventional — $283M
- First Round $283M
(Feb 2024)
- Investors Count 1
All 1 funding rounds of Matrix Renewables with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $283M | Debt – Conventional | – | – |
1 investors in total: 1 institutional.
Investors in Matrix Renewables
Matrix Renewables has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include MUFG Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of full banking services | 2001 | mufg.jp | Chiyoda City, Japan |
Investor details for Matrix Renewables
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Matrix Renewables
The boards of the 2 registered companies of Matrix Renewables currently have 3 directors; the longest-serving is Abhiram Reddy Kasu, appointed in 2005. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhiram Reddy Kasu DIN 01605165 | Director | 26 Aug 2005 | 21 yrs 1 mo | Matrix Wind Energy Private Limited, Matrix Green Energy Private Limited |
| Shilpa Reddy Kasu DIN 06980426 | Director | 14 Oct 2014 | 12 yrs | Matrix Green Energy Private Limited |
| Maurya Chandra Pydah DIN 01945260 | Director | 05 Jan 2016 | 10 yrs 9 mo | Matrix Wind Energy Private Limited |
People of Matrix Renewables
29 people are tracked at Matrix Renewables (16 in leadership, 13 in team); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
Luis Sabaté | President | Leadership |
Silvia Zunzunegui Martínez Bordiu | VP Financing | Leadership |
Javier Tirado | Global Head Of Operations | Leadership |
Cindy Tindell | Managing Director, Head Of U.s. | Leadership |
Nicolas Navas | Chief Financial Officer | Leadership |
James Bunta | Head Of Legal | Leadership |
Philipp Rusch | VP Finance | Leadership |
Chris Matthews | Chief Commercial Officer | Leadership |
Beatriz R. | Vice President, Storage & Green Hydrogen | Leadership |
Sergio García López | VP EPC | Leadership |
Mikhal Fernández Elvira | Communications & Marketing Director | Leadership |
German Salita | Chief Operating Officer | Leadership |
Ryan MacWilliams | Permitting Director | Leadership |
Bernat Rofes | Senior Vp, Energy Management & Ppas | Leadership |
Jesse Salveson | Director Of Project Management | Leadership |
Ignacio Callejo Garcia | Svp, U.s. Head Of Investments | Leadership |
Sergio Quesada Balaña | Group Financial Controller | Team |
Alejandro Rodriguez Naharro | Treasury Manager | Team |
Rodrigo Barria | Construction And O&m Coordinator | Team |
Zach Baker | Project Development Manager | Team |
9 more people are available in the full profile.
Complete people profiles for Matrix Renewables
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Matrix Renewables
Figures of Matrix Wind Energy Private Limited, the primary company behind Matrix Renewables, for FY 2024. Revenue was ₹29.36 Cr (+4% year on year). Net profit was ₹10.16 Cr (35% margin). EBITDA was ₹24.35 Cr (83% margin). Revenue has grown at a compounded annual rate of -3% over three years and -6% over five years.
- ₹29.36 CrRevenue · FY 2024 · +4% YoY
- ₹10.16 CrNet profit · 35% margin
- ₹24.35 CrEBITDA · 83% margin
- ₹1.00 CrPaid-up capital
- -3%Revenue CAGR, 3 years
- -6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Matrix Wind Energy Private Limited are on its company page.
Detailed financial statements for Matrix Renewables
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Matrix Renewables
2 dated milestones of Matrix Renewables across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Matrix Renewables is founded.
- Funding First funding round of $283.0M.
Competitors of Matrix Renewables
Matrix Renewables has 8 listed competitors in our database, 1 of them funded. They include ACCIONA, Fotowatio Renewable Ventures, Solarpack, SolarMente and Grenergy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| acciona.com | 1931 | Alcobendas, Spain | – | 51 | Sustainable infrastructure solutions in renewable energy are developed and managed. | |
| frv.com | 2006 | Madrid, Spain | – | – | Utility-scale renewable energy solutions are developed for power generation. | |
| solarpack.es | 2005 | Getxo, Spain | – | – | Utility-scale solar photovoltaic projects are developed and managed globally. | |
| solarmente.es | 2019 | Barcelona, Spain | $55.25M | – | Solar panel installation services are provided in Barcelona, Spain. | |
| grenergy.eu | 2007 | Madrid, Spain | – | – | Large-scale PV energy systems are developed and operated globally. | |
| isoluxcorsan.com | 1928 | Madrid, Spain | – | – | EPC services are provided in energy and infrastructure sectors. | |
| opdenergy.com | 2005 | Fustinana, Spain | – | – | Developer of renewable energy projects | |
| grupotsk.com | 1986 | Gijon, Spain | – | – | Solar engineering, procurement, and construction services are provided. |
Detailed competitors of Matrix Renewables
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Matrix Renewables
The website of Matrix Renewables (matrixrenewables.com) receives about 6.7K visits a month.
- Monthly visits6.7K
▲ 36.3% vs previous month
Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as Matrix Renewables (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Matrix Renewables
Complete news archive for Matrix Renewables
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Matrix Renewables
Matrix Renewables was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Matrix Renewables is headquartered in Madrid, Spain. It is registered at Madrid, Madrid, Spain.
Matrix Renewables has 12 employees.
Matrix Renewables was established in 2020 and is headquartered in Madrid, Spain. A renewable energy platform is operated, with emphasis placed on the development of solar projects and other clean energy initiatives. Operations span project planning, construction, and management within the renewables sector, targeting sustainable energy solutions across various geographies.
Matrix Renewables's top competitors include ACCIONA, Fotowatio Renewable Ventures and Isolux Corsan.
Matrix Renewables has 1 investor. Key investors include MUFG Bank.
Matrix Renewables is associated with 2 legal entities: Matrix Wind Energy Private Limited, Matrix Green Energy Private Limited.
The legal entities of Matrix Renewables currently have 3 directors, including Abhiram Reddy Kasu, Maurya Chandra Pydah, Shilpa Reddy Kasu.