Elecnor, S.A. is a global engineering, construction, and infrastructure services company headquartered in Madrid, Spain. The company's business model is centered around its Services and Projects segment, which generates the vast majority of its revenue. This segment executes large-scale engineering, construction, and maintenance projects across various sectors, including electricity transmission, power generation, gas pipelines, telecommunications networks, railways, and water treatment facilities. Historically, Elecnor also operated a significant Concessions segment focused on renewable energy generation (wind and solar) through its subsidiary Enerfín; however, the company completed the sale of Enerfín to Statkraft in 2024 to capitalize on its investments and streamline its corporate structure. Today, Elecnor acts as a specialist contractor, bridging the gap between entities that require complex technical infrastructure and the physical delivery of those assets. The company derives a majority of its revenue from international markets, serving a diverse client base that includes utilities, energy developers, government agencies, and telecommunications operators. By combining project-based construction revenue with recurring income from long-term maintenance and service contracts, Elecnor maintains a strong competitive position in the global infrastructure development industry.
