Who we are

CELEO

CELEO We are a company that invests in, develops and manages energy infrastructure assets. Our investment philosophy is based on:

Icono Cashflow

Ability to generate long term and predictable cash flows.

icono mercado sostenible

Improving market sustainability.

Our assets are primarily focused on the transmission and generation of renewable energy under Public-Private Partnership programs.

History

CELEO CONCESIONES E INVERSIONES S.L. (CELEO) was incorporated in 2009 as a company committed to the development, investment, and management of infrastructure assets, undertaking the overall management of the Elecnor Group's concessions and investments.

Being currently involved in the construction and operation of renewable energy transmission and generation systems at an international level, CELEO owns assets in Spain, Brazil, Chile and Peru while working on a range of developments in other Latin American markets.

Growing constantly, and thanks to the support of its partners, the Elecnor and APG Groups,Celeo is positioned as a recognised company within the energy sector,currently managing a portfolio of assets with a total investment value of approximately 6,2 billion dollars.

2000
ENTERING BRAZIL
Entrada en Brasil

The Elecnor Group's participation in the second transmission tender called by the Brazilian regulatory body ANEEL in 2000 led to the awarding of a project for the construction and operation of 581 km of 500 KV line, thus entering the Brazilian power transmission concession business.

2009
INCORPORATION OF CELEO
Constitución Celeo

Celeo Concesiones e Inversiones S.L. (CELEO) was incorporated in Spain as the holding company responsible for the overall management of the Group's concession and investment businesses, taking over all the transmission assets in operation the Group had in Brazil.

2010
NEW MARKETS: CHILE
nuevos mercados

Celeo entered the Chilean market with the award of the Ancoa–Alto Jahuel Transmission line, which led to the incorporation of the local holding Celeo Redes Chile Limitada to manage its assets in this new country.

2012
GENERATION IN SPAIN
Generacion en España

The commissioning of three 50 MW solar thermal electric power plants in different locations of Spain, along with the inauguration of several photovoltaic plants with a total installed capacity of 15 MW, actively contributed to the decarbonization of the Spanish energy mix.

2014
ALLIANCES
Alianzas Celeo

Celeo entered into a strategic alliance with Dutch pension fund management company APG, which acquired a 49% stake in the Spanish holding company Celeo Redes S.L.

2018
CERTIFICATION
Certificación

Celeo's subsidiaries in Brazil and Chile were certified under the standards ISO 9001, 14001 and OSHAS 18001.

2018
GENERATION IN BRAZIL
Parque Solar Sao Joao do Piauí (Brasil)

Celeo entered the Brazilian renewable generation market with the award of a contract for the construction and operation of six photovoltaic plants, amounting a total installed capacity of 223MWp.

2019
CONSOLIDATION
logos elecnor y apg

The Dutch pension fund APG became a shareholder of the parent company Celeo, increasing its participation in the company's assets and investments in Spain.

2021
Entering Peru
peru-timeline

Celeo entered the Peruvian transmission market with the Valle del Chira and Puerto Maldonado-Iberia projects, where we intend to continue expanding through our subsidiary Celeo Redes Perú.

2023
NEW CONTRACTS AWARDED
Brasil 2023

Celeo is strengthening its presence in the Brazilian transmission market through the commissioning of the Parintins Power Transmission project and the award of two new transmission concessions, driving the integration of renewable energy and the expansion of the country’s electricity grid.

2025
CHILE

Award of the SE Margarita and 2x110 kV Margarita–Agua Santa transmission line project in Chile, with an investment of US$89 million and a construction period of 54 months.

OWNERSHIP STRUCTURE

CELEO

Celeo is a Spanish company that develops, invests in and manages energy infrastructure assets. It currently has assets inSpain, Brazil, Chile and Peru , while working on a range of developments in other Latin American markets.

Celeo’s shareholding structure is divided as follows: 51% is owned by ELECNOR, S.A. and 49% by the APG Group Dutch fund, one of the most important pension investment companies in the world, operating its stake in Celeo through Pasterze Investments Holding B.V.

LOGO ELECNOR
51 %
LOGO APG
49 %

ELECNOR

The Elecnor Group is a Spanish corporation with a strong international presence whose purpose is to be a global provider of infrastructure, energy and services, promoting development and opportunities for people around the world. With a presence in more than 40 countries and a team of over 28,000 professionals, the Group's activities are structured around three main strategic lines: Services, Projects, Concessions, and Own Projects. Throughout its more than 60-year history, the driving forces behind the company's value creation and expansion have been efficiency, diversification, financial strength and the commitment of the people who form part of its organisation.

https://www.elecnor.com/

APG

On the other hand, as the largest pension services provider in the Netherlands APG manages approximately 590 billion euros (June 2025) in pension assets for 4.6 million participants. APG provides executive consultancy, asset management, pension administration and pension communication. With approximately 4,000 employees in Heerlen, Amsterdam, Brussels, New York, Hong Kong, and Singapore.

https://apg.nl/en

SUBSIDIARIES

SPAIN
Celeo’s Spanish subsidiaries include CELEO REDES, through which it channels its investments in Brazil, Chile and Perú, CELEO FOTOVOLTAICO, which holds its Spanish photovoltaic assets, and CELEO TERMOSOLAR, which manages the Group’s Spanish solar thermal plants.

LATAM

CELEO REDES has three Latin American subsidiaries, (CELEO REDES BRASIL, CELEO REDES CHILE Y CELEO REDES PERÚ), through which it structures its investments in Brazil, Chile and Peru respectively.

CELEO also has other special-purpose entities for developing projects in these countries that provide the financial and organisational structure that supports the core business.

Estructura Celeo

CORPORATE GOVERNANCE

Estructura de gobierno celeo

CORPORATE GOVERNANCE

Estructura de gobierno celeo

MISSION, VISION AND VALUES

  • Contribute to economic and technological progress, social well-being, and sustainable development through investments in safe, reliable and efficient energy infrastructures.

  • Be a leading company in the energy infrastructure market, committed to excellence, with a solid environmental, social and governance culture, involving all stakeholders in company value creation.

  • • Care for life and for environment. Health and Safety is a fundamental value. We give priority to safety over any other requirement in our activities, only performing actions under safe conditions. We care about social and environmental context necessary to achieve a fulfilled life.
    • Customer oriented and stakeholder engagement. We are committed to our customers’ and stakeholders’ satisfaction, anticipating needs and exceeding expectations. We focus on providing an excellent service on a daily basis.
    • Honesty, respect and transparency. We promote honesty, respect, and transparency in all company levels to build lifelong ethical relationships.
    • Commitment, effort and determination. We believe in commitment, effort, and determination to achieve our goals.