Tozzi Green S.P.A.

What Tozzi Green S.P.A. does

Tozzi Green S.P.A. is a privately held Italian renewable energy company founded in 2003, headquartered in Mezzano (Ravenna), with 251-500 employees and operations spanning Italy, Madagascar, and (until October 2024) South America. The company runs a vertically integrated business across the full renewable energy value chain, including Development & Construction of wind, photovoltaic, hydroelectric, and biomass/biogas plants, plus Asset Management and O&M services for both its own fleet and third-party operators. A distinctive agrivoltaics line combines solar generation with continued agricultural activity on the same land (e.g., 99.42 MW Cerignola, 34.6 MW Sant'Alberto di Ravenna grazing meadow), and a Rural Electrification segment deploys proprietary off-grid Solar Home Systems with >50% efficiency gains vs. prior generations — historically serving over 222,000 households in Peru.

Revenue streams include one-time EPC project development, recurring managed services (asset management and O&M), hardware procurement, and agricultural product sales from the Madagascar subsidiary JTF (which cultivates maize, soy, geraniums, spices, and eucalyptus across 6,731.5 hectares of reclaimed land and supplies the UN World Food Programme and local poultry feed companies). Customer segments span enterprise energy producers and institutional investors (Italy/Europe), government and development organizations (rural electrification), and agricultural buyers. The GTM model is direct B2B enterprise sales plus competitive bid wins in regulated energy auctions (Italian GSE); revenue is quote-based and contractually anchored on multi-year deals, with individual project investment values ranging from €42.5M to €116M for wind farms.

The business is in active strategic transition following the October 2024 divestiture of Latin American operations and a major capital deployment program targeting 500 MW of renewable capacity by 2030, financed through successive multi-bank debt facilities (Natixis CIB, BNL BNP Paribas, MPS, BCC ICCREA, Banca Popolare di Sondrio) and supported by a 2019 inaugural US$222M Green Bond. Family-controlled (Tozzi family, with Andrea Tozzi as CEO), ISO 9001/14001/45001 certified, and CSRD/ESRS-aligned for sustainability reporting. The company has also been subject to an October 2023 OECD National Contact Point petition from three NGOs regarding Madagascar operations, which remains a material governance consideration.

Name

Tozzi Green S.P.A.

Legal name

TOZZI GREEN S.P.A.

Website

https://tozzigreen.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

251–500 employees

Short description

Tozzi Green is a privately held Italian renewable energy company that develops, builds, and operates wind, photovoltaic, hydroelectric, biomass, and agrivoltaic plants; delivers O&M and asset management services; and runs a rural electrification and sustainable agriculture business through subsidiaries in Italy and Madagascar.

Ownership category

akta.pro rank

Product category

Renewable Energy Services

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Onshore Wind Power Generation (Utility-Scale) (EUACAFAA)

akta.pro secondary industries

Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Wind Farm EPC & Balance of Plant Construction (Civil, Electrical, Substations) (EUAMACAF), Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

Keywords

• Renewable energy development
• Wind farm construction
• Solar energy projects
• Rural electrification solutions
• Asset management services

Headquarters

HQ city

Ravenna

HQ country

Italy

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Renewable Energy Development & Construction: Develops and constructs renewable energy plants (wind farms, biomass/biogas, hydroelectric, photovoltaic) managing the entire process from feasibility to commissioning. Assets are built for the company's own portfolio as well as for investors.
2. Asset Management Services: Comprehensive asset management for renewable energy plants including administrative, regulatory, fiscal and environmental obligations management, maximizing technical and economic performance.
3. O&M Services: Complete operation and maintenance services for small and large renewable energy plants including routine maintenance, special maintenance, remote monitoring, spare parts procurement and full service maintenance.
4. Agricultural Production and Sales: Agricultural activities in Madagascar producing industrial crops (geraniums, spices, eucalyptus) and food crops (maize, soy beans). 100% sold to domestic market including local poultry feed companies and UN World Food Programme.
5. Procurement Services: Supply of system components for electricity generation from renewable sources including photovoltaic modules, inverters, support structures, wind turbines, cables, transformers and SCADA systems.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Tozzi Green develops, constructs, and operates renewable energy plants (wind farms, photovoltaic, hydroelectric, biomass/biogas) managing the full lifecycle from feasibility through commissioning. The company also provides asset management, O&M services, rural electrification via off-grid solar home systems in developing countries, and sustainable agricultural production in Madagascar through subsidiary JTF.

Product overview

Tozzi Green S.P.A. is a renewable energy company offering an integrated portfolio of products and services spanning the entire renewable energy value chain. The core offerings include Rural Electrification (off-grid Solar Home Systems and micro-grids for developing countries), Development & Construction of wind, solar, hydro, and biomass plants, Operation & Maintenance (O&M) services, and Asset Management. The company also operates Agrivoltaics projects combining solar energy production with agricultural activities, and Sustainable Agriculture through its Madagascar subsidiary. Supporting services include Procurement (supplier qualification system), Innovation (Open Innovation with university partnerships), and the Tozzi Green Book educational publishing initiative. The company manages plants from development through construction, operation, and asset management, serving both Italian/European markets and developing countries.

Differentiator

Problem solved

Functional benefit

Brands

• JTF: Agricultural subsidiary operating in Madagascar's Ihorombe region, involved in crop cultivation and reforestation.
• Ergon
• Rugby Academy Ihorombe

Products and services

• Development & Construction Complete management of renewable energy plant development including wind farms, biomass and biogas plants, hydroelectric power plants, and photovoltaic plants of small, medium and large size, from feasibility assessment through construction and commissioning.
• Operation & Maintenance (O&M) Complete O&M service for renewable energy plants including routine maintenance, special maintenance, remote monitoring and operation, telecommunications, spare parts procurement, and full service maintenance for photovoltaic, hydroelectric, small wind turbines, wind BoP, and biogas plants.
• Asset Management Comprehensive asset management services covering administrative, regulatory, fiscal and environmental obligations related to renewable energy plant operation, including maximizing technical and economic performance and risk management.
• Rural Electrification Development of autonomous, scalable, and reliable energy solutions for areas where national power grid is absent, unreliable, or too distant, including off-grid photovoltaic systems with storage (Solar Home Systems) and micro-grids. Over 222,000 systems installed in Peru bringing electricity to nearly 1 million people.
• Agrivoltaics Agricultural-photovoltaic systems combining panel installation with continued agricultural activities, integrating renewable energy sources with sustainable land use and biodiversity protection. Includes Photovoltaic Grazing Meadow (34.6 MW in Sant'Alberto di Ravenna) and Agrovoltaic Park (99.42 MW in Cerignola San Giovanni in Fonte).
• Sustainable Agriculture Agricultural activities in Madagascar including cultivation of industrial crops (geraniums, spices, eucalyptus), maize and soybeans, along with reforestation projects. Activities reclaim degraded land and promote biodiversity through crop rotation and sustainable farming techniques on 6,731.5 hectares.
• Procurement Supplier qualification and procurement services for the renewable energy supply chain including material goods, contracting, services, support services, and consultants, based on technical, economic/financial, environmental, safety, and ethical requirements.

Quantifiable outcome

• 222,000 Solar Home Systems installed serving nearly 1 million people
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

14 partnerships are on record, tiered core and minor.

• DHITECH High-Tech Technological DistrictcoreTechnology or IntegrationAssociation since 2013 focused on research and development of photovoltaic panels with dye-sensitised solar cell (DSSC) technology. Aims to maintain active network and synergies with companies and innovation/research centers in the Apulia region.
• Clust-ER Greentech Energy and SustainabilitycoreStrategic or Co-development PartnerRegional association in Emilia Romagna of companies, research centers and training organizations focused on renewable energy and hydrogen production. Enables participation in regional development strategies, research projects, and provides scientific/business updates.
• ART-ER Attractiveness Research TerritoryminorStrategic or Co-development PartnerSince 2018, participating in mentoring activities and startup calls to promote open innovation within the company and support young sustainable development companies.
• CNR-INM (Institute of Marine Engineering)minorStrategic or Co-development PartnerCollaboration from the Hexafloat project in the Bay of Naples resulting in delivery of a 10 kW small wind turbine - first prototype floating wind turbine in the Mediterranean Sea.
• CNR-ITAE (Institute for Advanced Energy Technologies)coreStrategic or Co-development PartnerCollaboration focused on sustainable mobility and electricity storage using batteries and hydrogen. Second hydrogen station in Italy installed in Capo d'Orlando; first hydrogen bicycle prototypes built.
• IIT (Italian Institute of Technology)minorStrategic or Co-development PartnerIn 2022, invested in startup developing innovative sustainable plastic-free packaging. Collaboration to implement technical specifications of IUV's products.
• UNIBO (University of Bologna)minorStrategic or Co-development PartnerCollaboration with Department of Electrical, Electronic and Information Engineering supporting thesis and internship projects on renewable energy production, micro-grid design, and storage systems.
• UNIFI (University of Florence)coreStrategic or Co-development PartnerSince 2009, collaboration with Department of Agri-Food Sciences and Production on energy projects improving soil characteristics. Focus on plant varieties for difficult climates and agrivoltaic system development.
• Politecnico of BariminorStrategic or Co-development PartnerCollaboration on evaluation and selection of plant species compatible with agrivoltaic projects in Apulia region, including hydrogen production projects for sustainable mobility.
• Terres en MêléesminorStrategic or Co-development PartnerNGO collaboration for Rugby & Reforestation initiative in Madagascar. Organized special day where 60 young athletes from Rugby Academy Ihorombe planted 3,650 trees.
• Madagascar Biodiversity Center (MBC)minorStrategic or Co-development PartnerCollaboration for biodiversity monitoring - arthropod (ant) populations monitored as indicator of biodiversity in agricultural areas.
• UniEurominorOthersThree-year agreement on electricity price hedging with major Italian electronics retailer.
• Asja AmbienteminorOthersFinalized acquisition of 2 wind farms in Sicily with total capacity of 17.6 MW in July 2021.
• GSE (Gestore Servizi Energetici)coreOthersWon GSE auction for wind farm construction, including 10 MW wind farm at Mazzarino, Sicily.

Scale indicators21 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Falck Renewables (Axpo): European renewable energy IPP/developer (formerly listed in Milan, now part of Axpo). Comparable multi-technology wind/solar/biomass platform with strong Italian presence; acquired by Axpo in 2023, illustrating typical exit pathway for mid-sized IPPs.
• Alerion Clean Power: Italy-focused wind energy IPP listed on Borsa Italiana. Comparable in scale and pure-play onshore wind exposure; competes with Tozzi Green for GSE allocations and Italian wind development pipeline.
• ERG S.p.A. Italian-listed independent power producer focused on wind and solar generation across Italy and Europe. Closest listed comparable to Tozzi Green's onshore wind/solar IPP business, with similar vertical integration into O&M and asset management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=eIJ-uYEmzJE
• Facebookfacebook.com/tozzigreen
• LinkedInlinkedin.com/company/tozzi-green-s-p-a-

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tozzi Green S.P.A.