The hydro turbine manufacturing industry in Europe plays a critical role in the renewable energy landscape. This sector focuses on designing, producing, and installing turbines that harness the kinetic energy of flowing water to generate electricity. Companies range from large firms with extensive portfolios in electric power equipment to specialized manufacturers concentrating solely on hydropower solutions. The demand for sustainable energy sources continues to drive innovation in turbine technology, improving efficiency and reducing environmental impact. With robust investments and plan toward carbon neutrality, the industry's future looks promising, poised for significant growth and technological advancements.


Investors in the hydro turbine manufacturing arena showcase a mix of corporate giants and venture capital firms. Spanning across countries like France, Norway, and the UK, these entities range from well-established corporations founded as early as 1894 to newer venture capital firms starting in 2017. The size of these investors varies from small teams of less than 50 employees to substantial organizations with over 10,000 staff members. In 2024, they participated in numerous investment deals, indicative of a collective commitment to enhancing infrastructure for renewable energy production.


Top 10 Hydro Turbine Manufacturing Investors in Europe


1. Equinor

  • Website: equinor.com
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1972
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: equinor

Equinor ASA is a public entity based in Stavanger, Norway, operating in the energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, the company has over 10,000 employees and is committed to sustainability, aiming to achieve net-zero emissions by 2050. Equinor has made several investments in energy technology companies, including Danotek Motion Technologies, which focuses on motion technologies that could be relevant for various energy applications, and fos4X, a company specializing in fiber optic sensor technology for wind energy. Additionally, Equinor has invested in Scatec Solar ASA, enhancing its presence in the renewable energy sector. These transactions reflect Equinor's strategy to diversify its energy portfolio and invest in innovative technologies that align with its sustainability goals.


2. Scottish Enterprise


Scottish Enterprise is a public entity established in 1991, dedicated to fostering economic development in Scotland. With a workforce of 1001-5000, it provides a variety of services, including funding, business development advice, and support for innovation and exports. In 2024, Scottish Enterprise was involved in 55 investments, showcasing its active role in enhancing Scotland's economic landscape. Notably, it has participated in funding rounds for companies like QED Naval, which focuses on marine energy solutions, and Verlume, which aims to lead in the transition to clean energy systems. These transactions highlight Scottish Enterprise's commitment to supporting businesses that contribute to the hydro turbine manufacturing and renewable energy sectors, reinforcing its relevance as an investor in this field.


3. TotalEnergies


TotalEnergies is a prominent energy company based in France, founded in 1924, that focuses on producing and marketing a wide range of energy solutions, including oil, gas, and renewable energy. The company is committed to achieving carbon neutrality by 2050 and serves both businesses and consumers with sustainable energy solutions. In 2024, TotalEnergies announced its acquisition of SN Power AS, which includes a 28.3% stake in the 250 MW Bujagali hydropower plant in Uganda, along with minority stakes in additional hydropower projects in Africa. This strategic move highlights TotalEnergies' active role in the hydroelectric sector, complementing its broader renewable energy initiatives. Additionally, TotalEnergies has been involved in various other renewable energy transactions, such as acquiring stakes in wind and solar projects, further solidifying its position in the renewable energy landscape.


4. Katapult

  • Website: katapult.vc
  • Type: Venture Capital
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: katapult-accelerator

Katapult is an impact investment firm based in Oslo, Norway, founded in 2017. They focus on tech startups that address global challenges, particularly in sectors like climate-tech and ocean-tech. Katapult provides investment, accelerator programs, and mentorship to early-stage companies. Among their notable transactions, they invested in GKinetic Energy, which specializes in kinetic energy solutions that can be relevant to hydro turbine manufacturing. Additionally, they have supported Mocean Energy, a company involved in wave energy technologies, showcasing their commitment to renewable energy solutions. Their portfolio includes various startups, indicating a broad interest in sustainable technologies.


5. Groupe Crédit Agricole

  • Website: credit-agricole.com
  • Type: Private Equity
  • Headquarters: Montrouge, Île-De-France, France
  • Founded year: 1894
  • Headcount: 10001+
  • Number of deals in 2024: 18
  • LinkedIn: credit-agricole

Groupe Crédit Agricole is a cooperative banking group based in Montrouge, Île-De-France, France, founded in 1894. It provides a wide range of financial services, including banking, insurance, and investment management, with a focus on mutuality and social responsibility. In recent years, Crédit Agricole has been active in financing renewable energy projects, as evidenced by its involvement in significant transactions such as the $1.3 billion debt financing for Siemens Gamesa Renewable Energy and the $935 million post-IPO debt raised by Iberdrola. These transactions indicate a strong interest in supporting companies within the renewable energy sector, which may encompass hydroelectric power initiatives. Additionally, their investment in Q ENERGY France further highlights their engagement in the energy market, although the specific focus on hydro turbine manufacturing remains unclear.


6. Proparco

  • Website: proparco.fr
  • Type: Corporate
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1977
  • Headcount: 201-500
  • Number of deals in 2024: 19
  • LinkedIn: proparco

Proparco is a not-for-profit development finance institution based in Paris, Île-De-France, France, founded in 1977. It aims to support economic growth in developing countries by providing financial tools, investment funds, and technical assistance to businesses and financial institutions. Proparco focuses on sectors such as agriculture, health, and infrastructure, with a strong emphasis on enhancing private sector contributions to sustainable development. In recent transactions, Proparco has been involved in significant funding rounds, including a partnership with Serengeti Energy, which secured additional equity capital to develop over 100MW of new renewable energy capacity. This involvement in renewable energy projects indicates Proparco's commitment to supporting sustainable initiatives, which may include hydro turbine manufacturing as part of the broader renewable energy landscape.


7. Rockstart

  • Website: rockstart.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: rockstart

Rockstart is a startup accelerator and investment firm based in Amsterdam, Netherlands, founded in 2011. They empower early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities to help startups scale and succeed. In recent years, Rockstart has participated in several relevant transactions, including Hydrologiq, which raised $890,926 in a Pre-Seed Round in January 2022, focusing on water-related solutions. This investment aligns with their commitment to supporting innovative energy solutions. Additionally, they have been involved in other energy-related startups, indicating a broader interest in the energy sector, which encompasses hydro turbine manufacturing.


8. Ardian

  • Website: ardian.com
  • Type: Private Equity
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 21
  • LinkedIn: ardian

Ardian is a prominent investment management firm based in Paris, specializing in private equity, real assets, and credit solutions. Founded in 1996, Ardian has established a global presence and focuses on providing tailored investment strategies to institutional investors, family offices, and pension funds. The firm is committed to sustainable finance and creating lasting value for its clients. Notably, Ardian's recent transactions highlight their active involvement in the renewable energy sector. For instance, they acquired full control of ICQ Holding, which includes a diverse portfolio of renewable energy assets, including hydroelectric projects. Additionally, their acquisition of a majority stake in UNITe and their agreement to acquire Akuo, a leading independent power producer specializing in renewable energy, further emphasize their commitment to investing in companies that contribute to sustainable energy solutions, including hydroelectric power.


9. Crédit Mutuel Equity


Crédit Mutuel Equity is a private equity investment firm based in Paris, Île-De-France, France, founded in 1988. The firm specializes in providing capital and strategic support to businesses across various sectors, integrating economic and ESG considerations into their investment strategies. Notably, Crédit Mutuel Equity has participated in several transactions, including a significant investment in Aventron AG, where they invested CHF 30 million for a 5.8% stake in a company involved in renewable energy, including hydroelectric power. This investment reflects their commitment to supporting growth in sectors that align with sustainable practices. Other transactions include investments in companies like General Transmissions and Altawest SAS, showcasing their diverse portfolio and strategic approach to enhancing operations for business leaders.


10. Maven Capital Partners

  • Website: mavencp.com
  • Type: Venture Capital
  • Headquarters: Glasgow, Scotland, United Kingdom (UK)
  • Founded year: 2009
  • Headcount: 51-200
  • Number of deals in 2024: 25
  • LinkedIn: maven-cp

Maven Capital Partners is a private equity firm based in Glasgow, Scotland, specializing in providing growth capital and investment solutions to small and mid-sized businesses across various sectors. Founded in 2009, the firm supports management buyouts and property development, helping clients unlock their potential and achieve significant growth. Maven serves a diverse range of industries, including technology and healthcare, but has also made notable investments in the renewable energy sector. For instance, they invested £5.4 million in GEV Group, an offshore engineering and renewable energy firm, highlighting their commitment to supporting companies in the renewable energy space. Furthermore, their investment in Power Roll, which raised $5.6 million in 2024, showcases their interest in innovative energy solutions, potentially aligning with hydro turbine manufacturing. Overall, Maven Capital Partners demonstrates a willingness to invest in sectors that contribute to sustainable energy solutions.



Hydro Turbine Manufacturing Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
EquinorStavanger, Rogaland, Norway10001+19726
Scottish EnterpriseGlasgow, Scotland, United Kingdom (UK)1001-5000199155
TotalEnergiesFrance10001+192411
KatapultOslo, Oslo, Norway11-5020178
Groupe Crédit AgricoleMontrouge, Île-De-France, France10001+189418
ProparcoParis, Île-De-France, France201-500197719
RockstartAmsterdam, North Holland, Netherlands11-50201116
ArdianParis, Île-De-France, France1001-5000199621
Crédit Mutuel EquityParis, Île-De-France, France51-20019882
Maven Capital PartnersGlasgow, Scotland, United Kingdom (UK)51-200200925


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