The solar tracker system industry in Europe has grown remarkably, driven by a commitment to renewable energy and innovative technologies. Companies across various sectors, including manufacturing, engineering, and energy development, provide solutions that optimize solar panel efficiency through advanced tracking mechanisms. This technology allows solar panels to align with the sun's movement, significantly enhancing energy output. With governments embracing renewable energy targets, the industry is set for further expansion. As efficiency improves and costs decrease, solar tracker systems are positioned to become essential components in the transition to sustainable energy across Europe, paving the way for a greener future.


The list features a blend of investor types, including corporate giants like Shell and European Investment Bank, as well as venture capital firms like InnoEnergy and Katapult. Spanning various countries, from the UK to Norway, these investors range in size from small firms to multinationals with over 10,000 employees. Founded between 1834 and 2017, they collectively engaged in 457 deal counts in 2024 alone, reflecting a robust focus on the solar tracker system sector post-investment. Their diverse backgrounds and substantial capital contributions illustrate a shared commitment to advancing renewable energy innovations in Europe.


Top 16 Solar Tracker System Investors in Europe


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, founded in 1958, that supports innovation and entrepreneurship across Europe. It offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, the EIC has participated in funding rounds for companies like Brite Solar, which raised €8.6M in Series A funding with EIC Fund's participation, aimed at developing solar glass production. Additionally, the EIC has provided grants to companies like Efficient Energy Technology and Dracula Technologies, indicating its active role in supporting innovative energy solutions, including those related to solar energy.


2. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a public entity and financial institution based in Paris, Île-De-France, France, founded in 2015. It supports entrepreneurs and businesses in France and internationally through a variety of services, including direct funding, export credit insurance, and private equity investments. Bpifrance aims to foster entrepreneurship and innovation, helping businesses navigate growth and international expansion. Notably, Bpifrance has been involved in several significant transactions within the solar energy sector, including a Series A investment in Beem Energy, which raised 7 million euros to accelerate its development in solar energy. Additionally, Bpifrance participated in funding for Apex Energies, which raised 13.5 million euros to finance the construction of solar power plants. These transactions highlight Bpifrance's active role in supporting companies that contribute to the solar energy landscape.


3. InnoEnergy

  • Website: innoenergy.com
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 52
  • LinkedIn: innoenergy

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, Netherlands, dedicated to accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, offering training programs and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to tackle the challenges of energy transition and sustainability. Notably, InnoEnergy has participated in several funding rounds for companies in the renewable energy sector, including SunRoof, which raised significant amounts in seed rounds in 2020 and 2021, focusing on solar energy solutions. Additionally, they were involved in funding Nnergix, a company that aims to enhance commercial efforts in renewable energy, further demonstrating their commitment to supporting innovations in the solar energy landscape.


4. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. In 2023, the EIB secured a €150 million loan to Iberdrola for the development of 400MW of solar PV and wind projects in Italy, highlighting its involvement in renewable energy financing. Additionally, the EIB has been involved in other significant transactions, such as providing debt financing to various companies, which supports initiatives that promote growth and job creation in the renewable energy sector. This positions the EIB as a key player in financing solar energy projects, including those that may utilize solar tracker systems.


5. Shell

  • Website: shell.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1907
  • Headcount: 10001+
  • Number of deals in 2024: 20
  • LinkedIn: shell

Shell plc is a multinational oil and gas company based in London, England, founded in 1907. While traditionally focused on the extraction, refining, and distribution of oil and gas, Shell has been diversifying its investments to include renewable energy sources. Notably, Shell has invested in companies such as Geli, which focuses on energy analytics and hardware partnerships, and acquired a 20% stake in Orb Energy, a solar firm aimed at providing electricity to underserved populations. Additionally, Shell acquired a 49% stake in Cleantech Solar, a developer of commercial solar energy systems in Southeast Asia and India, further enhancing its presence in the solar market. These transactions reflect Shell's commitment to expanding its renewable energy portfolio, particularly in solar energy, which is relevant to the solar tracker system industry.


6. Crowdcube

  • Website: crowdcube.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2010
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: crowdcube-limited

Crowdcube is a London-based crowdfunding platform founded in 2010 that enables businesses to raise capital through equity investments. It connects startups and SMEs with potential investors, facilitating the funding process. Crowdcube has a strong focus on promoting diversity and inclusion within its workforce while providing investment management services to its clients. Notably, Crowdcube has been involved in several transactions relevant to the solar energy sector, including significant investments in Polysolar, which raised over $3 million through equity crowdfunding and convertible notes between 2018 and 2020. Additionally, Crowdcube has supported MPower Ventures, which also operates in the renewable energy space. These transactions highlight Crowdcube's engagement with companies that are directly related to solar technology, making it a relevant player in the solar tracker system investment landscape.


7. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden, with the goal of enhancing their growth and competitiveness. Almi has been involved in several notable transactions, including investments in companies like Epishine and Ferroamp Elektronik, which are engaged in innovative energy solutions. Notably, Almi invested in Spowdi, a manufacturer of an energy-efficient, solar-powered water pump for small-scale farming, raising SEK 20 million. This investment highlights Almi's interest in renewable energy technologies, making them a potential player in the solar tracker system industry.


8. 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, providing investment, accelerator programs, and mentorship to early-stage companies. Katapult has been involved in several relevant transactions in the solar energy sector, including a $3 million seed funding round for Solfium, which aims to expand operational capacity and technology investment. Additionally, they invested in NXT Grid, a Nigerian solar mini-grid provider, helping to fund the construction of solar grids in Nigeria. These investments highlight Katapult's commitment to supporting innovative solutions in the solar energy space, particularly in the context of climate-tech.


9. Engie

  • Website: engie.com
  • Type: Corporate
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1834
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: engie

ENGIE is a corporate investor based in Paris, Île-De-France, France, specializing in renewable energy and energy solutions. Founded in 1834, the company has grown to employ over 10,000 people and operates globally, focusing on reducing energy costs and emissions through innovative solutions. Engie's investment strategy includes a strong emphasis on sustainability and decarbonization. Notably, they have been involved in several transactions relevant to the solar sector, such as leading a funding round for KWh Analytics, which develops products to lower the cost of capital for solar projects. They also participated in funding rounds for Heliatek, a company focused on organic solar technology, and invested in Bboxx, which provides off-grid solar solutions in Africa. These transactions highlight Engie's commitment to advancing solar energy technologies and solutions.


10. 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 primarily 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 significant investments in the renewable energy space, including a notable stake in Scatec Solar ASA, a solar power producer, which enhances its footprint in the solar market. Furthermore, Equinor has participated in multiple funding rounds for Oxford PV, a company developing innovative perovskite-based solar cell technology, showcasing its dedication to advancing solar energy solutions. These investments reflect Equinor's strategy to diversify its energy portfolio and address climate challenges while ensuring energy security.


11. Siemens

  • Website: siemens.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1847
  • Headcount: 10001+
  • Number of deals in 2024: 11
  • LinkedIn: siemens

Siemens AG, founded in 1847 and headquartered in Munich, Bavaria, Germany, is a leading technology conglomerate specializing in industrial automation, energy solutions, rail transport, and health technology. With a workforce of approximately 320,000 employees, Siemens generates significant revenue and operates globally. In recent years, Siemens has made strategic investments in the renewable energy sector, including a notable acquisition of a 26% equity stake in Sunsole Renewables, which focuses on solar energy solutions. This investment reflects Siemens' commitment to enhancing efficiency and sustainability in energy production. Additionally, Siemens has been involved in other transactions, such as the acquisition of Brasol and the support of SOLshare through a grant, further demonstrating its engagement in innovative energy solutions. These activities position Siemens as a significant player in the renewable energy landscape, particularly in relation to solar technologies.


12. 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 the context of solar energy, Rockstart has made notable investments such as in IM Efficiency, which focuses on enhancing the use of solar energy in road freight transportation, and SolarCreed, which raised funds to support solar initiatives. These transactions highlight Rockstart's commitment to supporting purpose-driven entrepreneurs in the solar sector, aligning with their mission to drive positive change through innovative solutions.


13. Schneider Electric

  • Website: se.com
  • Type: Corporate
  • Headquarters: Rueil-Malmaison, Île-De-France, France
  • Founded year: 1836
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: schneider-electric

Schneider Electric SE is a multinational corporation based in Rueil-Malmaison, Île-De-France, France, specializing in digital automation and energy management. Founded in 1836, the company has grown to employ over 10,000 people and is recognized for its commitment to sustainability and operational efficiency. Schneider Electric has made significant investments in the clean energy sector, including the acquisition of a controlling stake in EnergySage to enhance the clean energy market. This move aims to accelerate growth and innovation in clean energy solutions. Additionally, their acquisition of a 74% stake in Luminous Power Technologies strengthens their position in the inverter and power storage market, which is crucial for solar energy systems. Their involvement with Okra Solar and funding rounds for companies like Xurya, a solar power startup in Indonesia, further demonstrates their active participation in the renewable energy landscape, particularly in solar power development.


14. Deutsche Bank

  • Website: db.com
  • Type: Corporate
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1870
  • Headcount: 10001+
  • Number of deals in 2024: 32
  • LinkedIn: deutsche-bank

Deutsche Bank AG is a prominent investment bank and financial services provider based in Frankfurt, Hesse, Germany, founded in 1870. The bank offers a wide range of solutions, including investment banking, corporate banking, cash management, trade finance, and securities services. It serves corporate and institutional clients, helping them manage their financial assets and liquidity effectively through its digital platform, Autobahn. Notably, Deutsche Bank has been involved in several significant transactions in the renewable energy sector, including a $60 million Series C investment in Sun King, a company focused on solar energy solutions, and a $210 million debt financing for Grasshopper Solar, which is engaged in solar energy projects. These transactions highlight Deutsche Bank's commitment to supporting the growth of renewable energy, including solar technologies, making them a relevant player in the solar tracker system investment landscape.


15. Parkwalk Advisors


Parkwalk Advisors is an investment management firm based in London, England, specializing in venture capital investments in university spin-outs and innovative technologies. Founded in 2009, they manage various EIS funds aimed at providing capital appreciation and tax reliefs for investors. Their focus is on high-growth companies in sectors such as AI, life sciences, and cleantech. Notably, Parkwalk Advisors has been involved in several significant transactions in the solar technology sector, particularly with Oxford Photovoltaics, a cleantech company that develops perovskite solar cells. They participated in multiple funding rounds for Oxford PV, including a Series C round in 2016 that raised over $10 million, and earlier Series B rounds in 2013 and 2015, which were aimed at advancing the commercialization of solar technology. This involvement highlights their commitment to supporting innovative solar solutions, making them a relevant investor in the solar tracker system industry.


16. TotalEnergies


TotalEnergies is a corporate investor based in France, founded in 1924, with a workforce of over 10,000 employees. The company is dedicated to producing and marketing a diverse range of energy solutions, including oil, gas, and renewable energy, with a commitment to achieving carbon neutrality by 2050. In recent years, TotalEnergies has made significant investments in the renewable energy sector, including a notable acquisition of a 20% minority stake in Adani Green Energy Limited for $2.5 billion, which encompasses a 50% stake in a 2.35 GWac portfolio of operating solar assets. Additionally, their acquisition of Ombrea, a French agrivoltaics startup, aims to enhance their renewable energy initiatives by integrating innovative agricultural solutions. These transactions highlight TotalEnergies' strategic focus on expanding its renewable energy portfolio, particularly in solar energy, making them a relevant investor in the solar tracker system industry.



Solar Tracker System Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
European Investment Bank (EIB)Luxembourg1001-5000195899
ShellLondon, England, United Kingdom (UK)10001+190720
CrowdcubeLondon, England, United Kingdom (UK)51-20020103
AlmiStockholm, Stockholm, Sweden201-50019947
KatapultOslo, Oslo, Norway11-5020178
EngieParis, Île-De-France, France10001+18343
EquinorStavanger, Rogaland, Norway10001+19726
SiemensMunich, Bavaria, Germany10001+184711
RockstartAmsterdam, North Holland, Netherlands11-50201116
Schneider ElectricRueil-Malmaison, Île-De-France, France10001+18364
Deutsche BankFrankfurt, Hesse, Germany10001+187032
Parkwalk AdvisorsLondon, England, United Kingdom (UK)11-50200917
TotalEnergiesFrance10001+192411


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