Elecnor is a Spanish holding company founded in Bilbao on June 6, 1958 that has become one of the main global corporations in the development, construction and operation of projects and services through two main businesses: Essential Services and Sustainable Projects, and Concessions and Own Projects.
Its activities are diverse, covering a multitude of sectors such as electricity, power generation, gas, railways, telecommunications, construction, water, environment, maintenance or facilities.[6].
Its strong international vocation has led it to a continuous expansion process that has opened its doors to more than 50 countries on 5 continents, the main markets being America, Africa, Australia and the Middle East.[7].
Subsidiaries
Elecnor is the parent company of 26 subsidiary companies dedicated to different activities and areas of influence.
History
Founded in Bilbao on June 6, 1958 under the name Electrificacións del Norte,[8] initially focused on the electrical sector (lines, substations, lighting and installations), although it soon expanded its field of action to telecommunications and began its expansion with the creation of its first subsidiary in Spain, Postes Nervión (today called Adhorna), dedicated to engineering.
Its international expansion began in 1967 with the creation of its first subsidiary abroad, specifically, in Venezuela, Elecven (Electrolíneas de Venezuela). In the 1970s, Elecnor focused on covering the Spanish territory, working in the conventional and hydroelectric technical generation market. The company is increasingly building telecommunications infrastructure and industrial control systems with its own technology.[6] In 1975, the Elecnor Group established Elecdor (Ecuador), its second subsidiary abroad, and International Energy Development (IDDE) to promote the search for international projects in 1976. Three years later, in 1979, it entered the Brazilian market with the creation of Elecnor do Brasil.
In the early 1980s, the company increased its international presence with its first contracts in Africa, the Dominican Republic and Central America. During these years Elecnor also began its activity in the railway sector and the gas sector.
ISO 50001 construction standard
Introduction
Elecnor is a Spanish holding company founded in Bilbao on June 6, 1958 that has become one of the main global corporations in the development, construction and operation of projects and services through two main businesses: Essential Services and Sustainable Projects, and Concessions and Own Projects.
Its activities are diverse, covering a multitude of sectors such as electricity, power generation, gas, railways, telecommunications, construction, water, environment, maintenance or facilities.[6].
Its strong international vocation has led it to a continuous expansion process that has opened its doors to more than 50 countries on 5 continents, the main markets being America, Africa, Australia and the Middle East.[7].
Subsidiaries
Elecnor is the parent company of 26 subsidiary companies dedicated to different activities and areas of influence.
History
Founded in Bilbao on June 6, 1958 under the name Electrificacións del Norte,[8] initially focused on the electrical sector (lines, substations, lighting and installations), although it soon expanded its field of action to telecommunications and began its expansion with the creation of its first subsidiary in Spain, Postes Nervión (today called Adhorna), dedicated to engineering.
Its international expansion began in 1967 with the creation of its first subsidiary abroad, specifically, in Venezuela, Elecven (Electrolíneas de Venezuela). In the 1970s, Elecnor focused on covering the Spanish territory, working in the conventional and hydroelectric technical generation market. The company is increasingly building telecommunications infrastructure and industrial control systems with its own technology.[6] In 1975, the Elecnor Group established Elecdor (Ecuador), its second subsidiary abroad, and International Energy Development (IDDE) to promote the search for international projects in 1976. Three years later, in 1979, it entered the Brazilian market with the creation of Elecnor do Brasil.
In the 1990s, the internationalization process continued, positioning itself in different countries through new subsidiaries: in Portugal (Omninstal), Argentina (Elecnor de Argentina), Mexico (Elecnor de México), Uruguay (Montelecnor), and Chile (Elecnor de Chile), among others.
In the mid-90s, Elecnor began to position itself in the environmental sector by creating a specific Business Department and taking a majority stake in the Hidroambiente company. In 1997 he created Enerfín to promote and invest in the wind energy market.[9].
In the 20th century, Elecnor was one of the main companies in the electricity, gas, telecommunications, facility maintenance and railway sectors.[10]At this time, electrical energy transmission systems became one of the pillars of the Elecnor Group, which began to focus on the construction and operation of concessions in Brazil and Chile with its subsidiary Celeo.[11] In 2001, Elecnor entered the civil works and building sector. and hydraulic works as a specific business area through the acquisition of the company Ehisa. In 2004, it acquired the company Atersa, specialized in the manufacturing and installation of photovoltaic solar equipment and components.[12].
In this decade, Elecnor created its Foundation. Since its establishment in 2008, the Elecnor Foundation has consolidated its role as the company's main tool of corporate social responsibility, developing solidarity initiatives with the creation of social infrastructure and training and research projects, to bring water, energy, training and resources to those who need it most. Currently, it has projects in more than 10 countries.[13].
Sales abroad exceeded those of the Spanish market for the first time in 2010, thanks to the continued internalization of the market with the acquisition of other companies, such as Hawkeye and Belco in the United States,[14] and IQA in the United Kingdom.[15].
Its expansion in the Latin American market continues. It is in 2014 when it closes a strategic alliance with the Dutch group APG for the development and joint investment in energy transmission and renewable energy projects through the company Celeo Concesiones e Inversiones.[16].
In Australia it entered the electricity and renewable energy market with the constitution of its subsidiary Elecnor Australia.[17] Currently, it has offices in Melbourne, Sydney and Brisbane.[18].
In 2018, Elecnor received certification from AENOR for UNE-ISO 37001 “Anti-bribary Management Systems”, thus becoming the first company in its sector in Spain and one of the first international companies to obtain certification in this standard, which represents the most demanding international expression of systems for the prevention of bribery and the application of compliance protocols in general.[19].
In 2021, the company Elecnor, S.A. converts its branch of activity of Essential Services and Sustainable Projects into Elecnor Servicios y Proyectos, S.A.U.[20].
Elecnor allocated more than 46 million euros between 2024 and 2025 to accident prevention.[21] One of the company's main objectives is to achieve what they call “zero accidents”.[22].
Elecnor is an international leader in integrating renewable energy concessions, sustainable infrastructure projects and essential services for the energy transition and digitalization of cities. Efficiency, diversification, financial solidity and the commitment of its people are the levers for generating value and expansion of the Elecnor Group.[23].
Board of directors
Elecnor has a board of directors that governs the company. Among its members are Jaime Real de Asúa Arteche (President), who belongs to the significant shareholder Cantiles XXI S.L,[24] Ignacio Prado Rey-Baltar (Vice President) and Rafael Martín de Bustamante Vega (Member).
Elecnor Foundation
In 2008 Elecnor created the "Elecnor Foundation" in response to the company's objective of carrying out its activity in a responsible manner and committed to society and the environment. The Elecnor Foundation acts directly in the environments where the Group operates through two types of projects: social infrastructure and training and research.[25].
In social infrastructure projects, the Foundation has focused on guaranteeing access to energy and water and education in countries such as Angola, Senegal, Mexico, Brazil or Chile. The training and research projects are especially focused on engineering, delving into the Elecnor Group's essential business lines.[26].
Since its formation, the Elecnor Foundation has developed more than 20 projects in both lines, benefiting more than a million people around the world.[25].
Certificates
The certificates that the Elecnor Group has are:[34].
In the early 1980s, the company increased its international presence with its first contracts in Africa, the Dominican Republic and Central America. During these years Elecnor also began its activity in the railway sector and the gas sector.
In the 1990s, the internationalization process continued, positioning itself in different countries through new subsidiaries: in Portugal (Omninstal), Argentina (Elecnor de Argentina), Mexico (Elecnor de México), Uruguay (Montelecnor), and Chile (Elecnor de Chile), among others.
In the mid-90s, Elecnor began to position itself in the environmental sector by creating a specific Business Department and taking a majority stake in the Hidroambiente company. In 1997 he created Enerfín to promote and invest in the wind energy market.[9].
In the 20th century, Elecnor was one of the main companies in the electricity, gas, telecommunications, facility maintenance and railway sectors.[10]At this time, electrical energy transmission systems became one of the pillars of the Elecnor Group, which began to focus on the construction and operation of concessions in Brazil and Chile with its subsidiary Celeo.[11] In 2001, Elecnor entered the civil works and building sector. and hydraulic works as a specific business area through the acquisition of the company Ehisa. In 2004, it acquired the company Atersa, specialized in the manufacturing and installation of photovoltaic solar equipment and components.[12].
In this decade, Elecnor created its Foundation. Since its establishment in 2008, the Elecnor Foundation has consolidated its role as the company's main tool of corporate social responsibility, developing solidarity initiatives with the creation of social infrastructure and training and research projects, to bring water, energy, training and resources to those who need it most. Currently, it has projects in more than 10 countries.[13].
Sales abroad exceeded those of the Spanish market for the first time in 2010, thanks to the continued internalization of the market with the acquisition of other companies, such as Hawkeye and Belco in the United States,[14] and IQA in the United Kingdom.[15].
Its expansion in the Latin American market continues. It is in 2014 when it closes a strategic alliance with the Dutch group APG for the development and joint investment in energy transmission and renewable energy projects through the company Celeo Concesiones e Inversiones.[16].
In Australia it entered the electricity and renewable energy market with the constitution of its subsidiary Elecnor Australia.[17] Currently, it has offices in Melbourne, Sydney and Brisbane.[18].
In 2018, Elecnor received certification from AENOR for UNE-ISO 37001 “Anti-bribary Management Systems”, thus becoming the first company in its sector in Spain and one of the first international companies to obtain certification in this standard, which represents the most demanding international expression of systems for the prevention of bribery and the application of compliance protocols in general.[19].
In 2021, the company Elecnor, S.A. converts its branch of activity of Essential Services and Sustainable Projects into Elecnor Servicios y Proyectos, S.A.U.[20].
Elecnor allocated more than 46 million euros between 2024 and 2025 to accident prevention.[21] One of the company's main objectives is to achieve what they call “zero accidents”.[22].
Elecnor is an international leader in integrating renewable energy concessions, sustainable infrastructure projects and essential services for the energy transition and digitalization of cities. Efficiency, diversification, financial solidity and the commitment of its people are the levers for generating value and expansion of the Elecnor Group.[23].
Board of directors
Elecnor has a board of directors that governs the company. Among its members are Jaime Real de Asúa Arteche (President), who belongs to the significant shareholder Cantiles XXI S.L,[24] Ignacio Prado Rey-Baltar (Vice President) and Rafael Martín de Bustamante Vega (Member).
Elecnor Foundation
In 2008 Elecnor created the "Elecnor Foundation" in response to the company's objective of carrying out its activity in a responsible manner and committed to society and the environment. The Elecnor Foundation acts directly in the environments where the Group operates through two types of projects: social infrastructure and training and research.[25].
In social infrastructure projects, the Foundation has focused on guaranteeing access to energy and water and education in countries such as Angola, Senegal, Mexico, Brazil or Chile. The training and research projects are especially focused on engineering, delving into the Elecnor Group's essential business lines.[26].
Since its formation, the Elecnor Foundation has developed more than 20 projects in both lines, benefiting more than a million people around the world.[25].
Certificates
The certificates that the Elecnor Group has are:[34].