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Matrix Renewables
Company Overview
Matrix Renewables
Madrid, Spain
2020
The company has approximately 200 employees (source: cbinsights.com). Revenue has not been publicly disclosed as it is a private company backed by TPG's The Rise Fund.
What They Do
Matrix Renewables specializes in photovoltaic (PV) solar energy projects, as well as energy storage, wind power generation, and green hydrogen production. The company manages a secured portfolio of 2,475 MW under power purchase agreements (PPAs) with an average tenor of 10 years, and owns a core portfolio of 4 GW, in addition to a broader portfolio exceeding 15.5 GW, which includes battery energy storage systems (BESS) and green hydrogen initiatives (source: matrixrenewables.com). Their services cover the entire project lifecycle, from site identification and development to financing, construction, and long-term operation of renewable assets, targeting utilities, corporations, and financial institutions as clients through long-term PPAs.
Projects and Track Record
Among the highlighted projects of Matrix Renewables is the 50 MW solar plant in Jaén, Spain, which reached full operation in the second half of 2022 under a 10-year PPA with Statkraft (source: matrixrenewables.com). Also, the Pleasant Valley Solar 1 project of 261 MW DC (200 MW AC) in Ada County, Idaho, USA, which was commissioned in 2025 under a PPA with Meta through Idaho Power, marking the largest operational solar installation in the Idaho Power system (source: cbinsights.com). Additionally, the Gaskell project, which combines solar and storage, represents their first entry into the U.S. market (source: matrixrenewables.com).
Recent Developments
In the past two years, Matrix Renewables achieved commercial operation date (COD) for Pleasant Valley Solar 1 in Idaho in 2025 (source: cbinsights.com). They also launched Hyren in 2024 to lead their green hydrogen strategy (source: matrixrenewables.com). The company executed $650 million in corporate debt facilities (source: matrixrenewables.com) and secured power purchase agreements with Merck, Hyundai, Idaho Power/Meta, Amazon, EDP, Centrica, and Volkswagen (source: matrixrenewables.com). They also won capacity in Italy's FER-1 auctions for three PV projects (source: matrixrenewables.com).
Working There
Matrix Renewables emphasizes a specifically designed team of experienced professionals managing development, markets, mergers and acquisitions, financing, and operations in their global offices, especially in Madrid, where development and M&A roles are located (source: matrixrenewables.com). Active hiring is suggested in growing markets such as the U.S., Italy, and Spain, with leadership roles like Chris Matthews as MD for Development and Markets (source: matrixrenewables.com). The company culture is based on collaboration across technologies and geographies, integrity in project delivery, and a focus on efficient and high-value execution as a preferred partner for corporations and utilities (source: matrixrenewables.com).
Contact
Last updated on 2025-12-27 | Report an issue
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