Elevion Deepens Spanish Solar Reach With Strategic Dual Installer Acquisition

• Elevion Group buys Trexcom Energias and Reconcar, folding them into Belectric to sharpen its EPC capabilities amid Spain’s surging demand for photovoltaic projects.

Elevion Group has taken another decisive step into Spain’s fast-growing solar market, snapping up local installers Trexcom Energias Renovables and Reconcar for an undisclosed sum. The Dutch energy-solutions provider will fold both firms into the Spanish division of Belectric, its engineering, procurement and construction (EPC) subsidiary, broadening its reach from grid-scale solar farms to rooftop and self-consumption projects.

Trexcom Energias brings more than a quarter-century of experience building photovoltaic parks and bespoke solar systems for homes and businesses. Based in Valencia, the company grew out of the electrical-infrastructure and energy-efficiency sectors before turning its focus to renewables. That background, Elevion says, makes Trexcom adept at threading solar generation into existing power networks—an increasingly valuable skill as Spain pushes toward its 2030 clean-energy targets.

Founded in 1996, Murcia-based Reconcar complements that expertise with a 60-strong workforce versed in everything from low-voltage wiring to high-voltage grid connections. The installer has carved out a niche maintaining complex PV arrays in Spain’s sun-scorched southeast, a region poised for another wave of capacity additions after Madrid streamlined permitting rules last year.

“The Spanish PV market plays a vital role in our growth strategy,” Belectric Chief Executive Thorsten Blanke said in a statement. “Trexcom and Reconcar add valuable on-the-ground experience that meshes perfectly with Belectric’s multinational know-how.”

Elevion bought Belectric in 2021 to anchor its renewables push across Europe. Since then, the EPC contractor has eclipsed 5 GW of cumulative installations worldwide, leveraging a network of regional partners to keep project costs in check. With Spain forecast by trade group UNEF to connect roughly 7 GW of new solar capacity annually through 2026, Elevion’s latest move positions the company to capture a larger slice of that build-out.

The acquisitions also underscore a broader consolidation trend as developers scramble to lock in skilled labor and local permits before subsidy windows narrow. For Trexcom and Reconcar, joining a larger parent promises deeper financing pools and access to Belectric’s utility-scale design tools—advantages that could help them scale beyond Spain’s borders.

Elevion did not disclose when the integrations would close, saying only that the two companies’ management teams will remain in place to “ensure business continuity” during the transition.