In December 2006, Eolia Mistral, Eolia Gregal, Preneal and Banco de Sabadell signed an initial agreement that was materialised in July 2007 with the formal incorporation of Eolia Renovables de Inversiones, SCR, S.A., registered with the Venture Capital Companies Administrative Registry of the Spanish Securities and Exchange Commission (CNMV) on September 14, 2007 under number 148.

Eolia Renovables, in 2007 was funded and took on board 157 partners brought in a total of 1,358 MW between farms in operation, under construction or in the final stage.

Of the former partners who were developers bringing in assets the following stand out: Preneal (founded in 1996) which contributed in excess of 300 MW; Tarraco Eólica (founded in 1997), also with over 300 MW; Wigep Andalucía (founded in 1996) with 74 MW; Luria de Energías (founded in 1998) with 64; Molinos de Castilla (founded in 2000) with 75 MW or Dea Energías (founded in 1999) which is contributing 18 MW. Following this initial phase, new partners have continued to sign up to the project.

Since the establishment of Eolia Renovables in 2007 have been several milestones.

Additionally, in 2012 Eolia divested a wind farm in Canada with a power of 30 MW.

Moreover, during 2013, it sold one of the largest farms in operation in Germany, specifically it has a capacity of 76.5 MW under operation.

In March 2015, the company acquired 100% of Tarraco Eólica Ascó, S.L.U., a holding company of the wind farm Barbers, of 30 MW.

Later, in April 2016, it acquired up to 65,80% in Energías Eólicas del Pino, S.L., which owns a wind farm of 24.6 MW in the province of Cádiz.

In addition, in October 2016 it acquired 100% of the photovoltaic solar plants Osuna and Paradas in the province of Seville, with a capacity of 4 MWs.

Subsequently, in April 2017 Arvasolar, El Robledo, Peñas de San Pedro and Villarobledo, which have a total power of 5.7 MWs.

In July 2017 it increased its stake to 100% in Wigep Andalucía, S.A., which owns a 43 MW wind farm in the province of Cádiz.

At the begining of 2018, Eolia Renovables increased its portafolio with the acquisition of the wind farm Parque Eólico Alentisque, S.L.U. , of 46.4 MW.

In 2019, the company acquired two more wind farm, Sistemas Energéticos Fuerteventura, S.A.U. , of 10 MW and Fergo Galicia Vento-P. E. Mondoñedo, S.L.U. which has a total power of 48.43 MW. Additionally, in the same year, the company acquired 100% of solar photovoltaic farm Sol del Vinalopó, S.L. , which has a power of 19.2 MW.

In March 2020, Eolia Renovables increased its portfolio with the acquisition of the wind farm Sistemas Energéticos El Valle, S.L., of 48.5 MW