Who we are


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

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Ability to generate long term and predictable cash flows.

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Improving market sustainability.

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


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 5.8 billion dollars.

  • 2000


    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


    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


    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


    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


    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


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

  • 2018


    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


    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

    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.



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.

51 %
49 %


ELECNOR Elecnor S.A. is the parent company of a group comprised of nearly 80 companies located in Spain and in more than 50 other countries. It is an organisation that has over 22,000 employees. It has two main business areas: Infrastructure, which focuses on the execution of engineering, construction and services projects; and Concessions, through which it invests in energy infrastructure assets, thereby enabling the company to develop major projects end-to-end, generating revenue from their development, implementation, operation and maintenance.

With nearly 60 years of continuous growth and a presence in more than 50 countries, Elecnor has become one of the most outstanding Spanish business groups and a benchmark in the infrastructure, renewable energy and technology sectors. Business diversification has been one of its strategic aims throughout its history, enabling its involvement in a number of industries which range from electricity, gas, industrial plants, railways, telecommunications, water, control systems, construction, the environment and installation maintenance to aerospace engineering.



APG is one of the world’s largest pension investors. In January 2023, the assets it managed for its pension funds and their 4.8 million participants in total represented a value of approximately 541 billion euros. Its goal is to ensure a good and affordable pension for current and future generations. To this end, APG manages its assets as responsibly as possible, with the ambition of achieving attractive and sustainable investment returns for its customers.

APG has a global presence, with offices in Amsterdam, Heerlen, Brussels, New York and Hong Kong, as well as satellite sites in Beijing and Shanghai. Thanks to this global spread, pension funds and their participants can take advantage of extensive local investment expertise. On top of that, its scale empowers APG to negotiate attractive conditions and to pass these benefits on to its funds and their participants, thus contributing to stable long-term returns and low costs.



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


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


Estructura de gobierno celeo



  • 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.