GreenGo
GreenGo is an Italian utility-scale renewable energy developer and Independent Power Producer specializing in solar, wind, agrivoltaic, and battery storage projects. The company serves energy-intensive industrial manufacturers and infrastructure investors with long-term corporate PPAs and 20-year incentive tariffs across 12 Italian regions.
- Company typePrivate
- Founded2018
- HeadquartersBologna, Italy
- Headcount11–50
- GTM typeB2B
- OfferingServices
What GreenGo does
GreenGo S.r.l. is an Italian utility-scale renewable energy developer and Independent Power Producer (IPP), founded in 2018 in Bologna, operating across 12 Italian regions. The company's core activities span project origination, in-house engineering, project financing, construction management, and asset operations across solar PV (ground-mounted, agrivoltaic, floating), onshore wind (typically 3-6 MW turbines), and battery energy storage systems (BESS). Notable technical differentiators include pioneering agrivoltaic deployment (48% of pipeline power), first Italian application of LIDAR ZX 300 for onshore wind, and floating PV installations such as the 5 MWp Lombardy project. As of mid-2026 the portfolio comprises 723 MW of consented projects and 2,069 MW in ongoing development, though only ~22.6 MWp had reached commercial operation by June 2026.
GreenGo operates a "Light IPP" business model that combines project development for sale to infrastructure investors (e.g., BNZ acquired 127.7 MW of RTB Sicilian projects) with retained ownership of selected assets operated under long-term contracts. Revenue streams include 20-year inflation-indexed feed-in tariffs won through FER X auctions (EUR 72.12/MWh) and Energy Release 2.0 (EUR 65/MWh), 10-year Corporate PPAs with dynamic pricing mechanisms (Sasol Italy, Alfa Acciai), MACSE storage auction participation, and transaction-based development fees. The go-to-market is exclusively direct enterprise sales: GreenGo negotiates PPAs with energy-intensive industrial manufacturers (steel, petrochemical), participates in government incentive auctions via GSE, and sells ready-to-build project SPVs to infrastructure funds. Backed by Eiffel Essentiel (EUR 22 million across equity rounds in 2020, 2022, and 2023) and project finance from Intesa Sanpaolo (EUR 32.6 million in October 2024), GreenGo transitioned from pure developer to operating IPP in 2026. As of April 2026, Airengy has signed an MOU to acquire a 51% stake in the Israeli subsidiary Green-Go, signaling early international expansion.
GreenGo firmographics
Firmographics- Name
- GreenGo
- Legal name
- GREENGO S.r.l.
- Website
- https://green-go.net
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- GreenGo is an Italian utility-scale renewable energy developer and Independent Power Producer specializing in solar, wind, agrivoltaic, and battery storage projects. The company serves energy-intensive industrial manufacturers and infrastructure investors with long-term corporate PPAs and 20-year incentive tariffs across 12 Italian regions.
- Ownership category
- akta.pro rank
GreenGo industry classification
Industry- Product category
- Utility-Scale Renewable Energy Development
- NAICS
- Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911), Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)
- akta.pro secondary industries
- Renewable Energy Industrial Facilities Construction (Solar, Wind, Storage) (IMAFADAD), Renewable Energy Infrastructure (FSAAAKAG)
Keywords
Where GreenGo is headquartered
LocationHeadquarters
- HQ city
- Bologna
- HQ country
- Italy
- HQ region
- Europe
Offices1 record
Markets served
GreenGo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- Energy Sales via Corporate PPAs: Long-term Power Purchase Agreements with industrial customers for supply of renewable electricity from solar farms. GreenGo signs 10-year corporate PPAs structured as 'pay-as-produced' with dynamic pricing mechanisms including floor and cap prices.
- Project Development Services: Development of renewable energy projects from origination to ready-to-build status. Projects are financed through project finance and may be sold to investors or retained for IPP operation.
- IPP Asset Operations: Operating own renewable energy assets as an Independent Power Producer, generating revenue from energy sales to the grid and through incentive schemes (FER auctions, Energy Release 2.0).
- Energy Release 2.0 Contracts: Participation in Italian Energy Release 2.0 scheme providing 20-year incentivized tariffs (EUR 65/MWh for 35 MW under feed-in tariff) for greenfield RES projects matched with energy-intensive industrial customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | FER X Wind Auction Tariff |
| Subscription | Annual | Energy Release 2.0 Feed-in Tariff |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
GreenGo product offering
Product offeringCore offering
GreenGo develops, builds, and operates utility-scale renewable energy power plants in Italy — including solar PV, onshore wind, battery energy storage, agrivoltaic, floating PV, and green hydrogen projects — and sells the generated electricity to industrial offtakers and the grid through long-term Corporate Power Purchase Agreements (CPPAs) and Italy's Energy Release 2.0 auction program. The company provides end-to-end project development services covering permitting, property acquisition, technical engineering, construction management, and ongoing asset management.
Product overview
GreenGo Srl is a professional developer and Independent Power Producer (IPP) of renewable energy utility-scale plants, specializing in solar, wind, and storage facilities. The company operates as a multi-technology platform offering development, engineering, financing, construction, and operations services. Core products include Solar PV Plants (utility-scale, agrivoltaic, and floating PV), Wind Farms (onshore, typically 3-6 MW turbines), and Battery Energy Storage Systems (BESS). Named project portfolio includes Pianaccio (5.3 MW, operational), Margherita (8.30 MW, construction), Poggiarelli (5 MW), Mortilla (2.4 MW), and Dirillo (600 KW). The company offers Corporate Power Purchase Agreements (PPAs) for long-term renewable electricity supply. As of 2026, GreenGo has 723 MW of consented projects and 2,069 MW in ongoing development across 12 Italian regions.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-Scale Solar PV Plants
Quantifiable outcome
- 723 MW consented projects operational or in development
- +3 more outcomes
Companies that use GreenGo
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
GreenGo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
GreenGo partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered major and significant.
- AirengymajorAirengy signed MoU to acquire 51% stake in Green-Go (Israeli entity), adding third pillar to Airengy's business alongside Compressed Air Power Plants and BESS operations in Europe. Expected to enhance project development and EPC capabilities.
- Alfa AcciaimajorCorporate PPA agreement for 70 MW of new solar capacity under Energy Release 2.0: 35 MW at EUR 65/MWh feed-in tariff and 35 MW via private commercial solutions. Supplying approximately 300 GWh/year for 2025-2027.
- Latitude SrlsignificantAggregation partner for Energy Release 2.0 initiative. Coordinated with Franco Valentini for commercial coordination of 250 MW portfolio financing.
- BNZsignificantBNZ acquired 127.7 MW of RTB and authorized solar projects in Sicily from GreenGo as part of GreenGo's growth strategy.
- Sasol ItalymajorFirst Corporate PPA: 24.5 MW capacity from 5 photovoltaic plants supplying green electricity to industrial sites in Augusta, Sarroch, and Terranova. 10-year 'pay-as-produced' agreement with dynamic pricing mechanism.
- Astrea EnergiamajorStrategic partnership for development of 8.5 MWp in Lombardy: agrivoltaic project on former quarry (3.5 MWp) and floating photovoltaic on water basin (5 MWp). Astrea handles development and permitting through Ready to Build status.
- Engie ItaliamajorJoint venture for development of a 30-MW wind farm in Sicily near Palermo (5 turbines of latest generation). JV structure involves acquisition of 70% of GreenGo's SPV with remaining quotes purchased upon authorization.
- Elettricità FuturasignificantItaly's leading electricity industry association. GreenGo joined as member representing entire electricity value chain.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
GreenGo competitors and assessment
Company assessmentDirect peers
- European Energy: European Energy is a Danish renewable energy developer expanding aggressively in Italy, with utility-scale solar, wind, and e-methanol projects. Alberto Piva joined GreenGo from European Energy, making it both a talent source and a directly comparable peer in Italian greenfield development.
- Sorgenia: Sorgenia is one of Italy's largest independent energy companies with renewable generation capacity. It competes directly with GreenGo for Italian retail electricity supply customers seeking renewable PPAs and operates overlapping generation assets.
- ERG S.p.A. ERG is a leading Italian independent power producer with significant wind and solar capacity across Italy and Europe. It is the closest direct peer to GreenGo's Light IPP model, sharing the same Italian market, regulatory framework, and customer base for corporate PPAs.
- Astrea Energia: Astrea Energia is an Italian renewable developer and GreenGo's joint venture partner for floating PV and agrivoltaic projects in Lombardy. It is a small-scale direct peer with comparable multi-technology development focus and similar positioning in innovative renewable segments.
Broad incumbents
- Edison Next (Edison Group): Edison Next is the Edison Group's renewable energy and energy services arm in Italy, operating solar, wind, and storage. It is a broader incumbent that competes for the same Italian corporate PPA customers and auction capacity as GreenGo.
- Iren S.p.A. Iren is an Italian multi-utility with growing renewable generation assets. It is a comparable peer competing in Italian renewable auctions and corporate PPA markets, particularly in northwestern Italy.
- A2A S.p.A. A2A is a multi-utility Italian company with significant renewable energy generation across solar, wind, hydroelectric, and waste-to-energy. It is a broad incumbent peer competing for grid-connected renewable capacity in northern Italy.
- Enel Green Power: Enel Green Power is Enel's global renewable energy subsidiary and Italy's largest IPP, operating utility-scale solar, wind, and storage. While much larger, it competes directly with GreenGo for FER X auction wins, grid connections, and corporate PPA customers in Italy.
- Engie Italia: Engie Italia is the Italian subsidiary of the French utility Engie, developing renewable projects including the 30 MW Sicily JV with GreenGo. It serves as both a strategic partner and a broader incumbent competitor in the Italian renewable market.
- Plenitude (Eni): Plenitude is Eni's retail and renewable energy subsidiary, formed from the integration of Eni gas e luce and Falck Renewables. It is one of Italy's largest renewable IPPs and a direct competitor for utility-scale solar, wind, and storage projects.
Market position
Strengths1 record
Competitive moat4 records
Key highlights7 records
Customer concentration
GreenGo social profiles
Digital presenceGreenGo financial estimates
Financial estimateRevenue estimate
Valuation estimate
GreenGo leadership team
Management profileNumber of profiles
Profiles10 records
GreenGo subsidiaries and ownership
Company hierarchySubsidiaries8 records
GreenGo funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GreenGo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GreenGo
What does GreenGo do?
GreenGo develops, builds, and operates utility-scale renewable energy power plants in Italy — including solar PV, onshore wind, battery energy storage, agrivoltaic, floating PV, and green hydrogen projects — and sells the generated electricity to industrial offtakers and the grid through long-term Corporate Power Purchase Agreements (CPPAs) and Italy's Energy Release 2.0 auction program. The company provides end-to-end project development services covering permitting, property acquisition, technical engineering, construction management, and ongoing asset management.
Is GreenGo a public or private company?
GreenGo is a private company. It is classified as venture growth investor backed and is currently operating.
When was GreenGo founded?
GreenGo was founded in 2018. It employs 11 to 50 people.
Where is GreenGo based?
GreenGo is headquartered in Bologna, Italy, in the Europe region.
How does GreenGo make money?
Four revenue lines are on record. Energy Sales via Corporate PPAs are the primary driver. The others are project Development Services, IPP Asset Operations and energy Release 2.0 Contracts.
Who are GreenGo's main competitors?
Direct peers on record are European Energy, Sorgenia, ERG S.p.A. and Astrea Energia. Broad incumbents are Edison Next (Edison Group), Iren S.p.A., A2A S.p.A., Enel Green Power, Engie Italia and Plenitude (Eni).
Does GreenGo have an API?
No public API is recorded for GreenGo.
What industry is GreenGo in?
GreenGo's product category is Utility-Scale Renewable Energy Development. Its primary akta.pro industry code is EUACAFAE, Wind Farm Development & Permitting (Greenfield/Brownfield), with a secondary code of IMAFADAD, Renewable Energy Industrial Facilities Construction (Solar, Wind, Storage). Its NAICS code is 221115 and its SIC code is 4911.