BelEnergia

What BelEnergia does

Belenergia S.p.A. (legal entity VAT 11235670962) is a privately held European renewable energy and circular economy platform headquartered in Milan, Italy, with origins in France (founded 2011 by Vincent Bartin and Jacques-Edouard Lévy). The group develops, finances, engineers, constructs, and operates solar photovoltaic, wind power, and bioenergy assets across Italy, France, and Spain, employing roughly 250+ staff spread across the three markets. Operationally it controls 50+ industrial installations, 60 MW of wind capacity, approximately 190 MW of solar and agrivoltaic capacity (e.g., Mithra 11 MW, Sigma Bel Energy 58 MW, Energia Otto cluster), 12+ bioenergy sites processing 500,000 tonnes of organic waste annually (Enterra 13 MW biomass, BelAgri, CTIP Blu, B.E.A.R., BIOMETANO SB, Sologne Biogaz, BBO, Belagreen, Perbel, Distilleria Bartin), and 1,900 Sm3/h of installed biomethane capacity with 4,750 Sm3/h under construction.

Underlying technology centers on (i) ISCC-certified sustainable biomass sourcing via anaerobic digestion and biogas upgrading to biomethane, (ii) multi-output bioenergy facilities that co-produce electricity, bioethanol, biomethane, and compost/MCA soil amendments, (iii) agrivoltaic integration with bifacial panels and trackers, and (iv) full in-house EPC and O&M delivered through the SWM subsidiary. Bioenergy process design, agrivoltaic dual-use layouts, and ISCC-compliant supply chains (no food competition) form the core technical differentiators.

The business model generates revenue from (a) renewable electricity and biomethane sales via long-term PPAs, BPAs, and government-organized public auctions to enterprise energy utilities and distributors, (b) fee-based organic waste processing services for agricultural suppliers and municipal governments, (c) sale of organic soil improvers and compost derived from digestate, and (d) infrastructure development returns realized through partial asset divestitures (e.g., 2026 sale of the 40 MW Basilicata wind farm to Iberdrola). Distribution is exclusively B2B across enterprise/industrial channels; pricing is contractually negotiated per project and not publicly disclosed. Capital structure is anchored by Schroders Greencoat (since 2021), RGREEN Invest, and FOR TALENTS, with a €190M capital increase completed in 2024 to fund continued expansion and capacity build-out across Southern Europe.

Name

BelEnergia

Legal name

Belenergia S.p.A.

Website

https://belenergia.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Belenergia is a privately held European renewable energy and circular economy platform that develops, builds, and operates solar PV, wind, and multi-output bioenergy assets across Italy, France, and Spain. It sells renewable electricity and biomethane to enterprise utilities via PPAs, BPAs, and public auctions while processing 500,000 tonnes of organic waste annually.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation and Circular Economy Services

NAICS

Biomass Electric Power Generation (221117), Solar Electric Power Generation (221114)

SIC

Cogeneration Services & Small Power Producers (4991), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Biomass Plant EPC & Integration (Design/Build, Balance of Plant) (EUAAAGAH)

akta.pro secondary industries

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Biomass Combustion & Boiler Island Technology (Grates, Fluidized Bed, Burners) (EUAAAGAG)

Keywords

• Renewable energy generation
• Biomethane production
• Biomass power generation
• Agrivoltaic systems
• Organic waste processing

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy Sales (Electricity and Gas): Belenergia generates revenue primarily from selling electricity and biomethane produced at its solar, wind, and bioenergy facilities. Energy is sold via public auctions, PPAs (Power Purchase Agreements), and BPAs (Biogas Purchase Agreements) with national and international buyers.
2. Organic Waste Processing Services: Revenue from processing organic waste (agricultural residues, livestock waste, municipal organic fraction) into biomethane, bioethanol, compost, and renewable energy. Contracts with industrial partners and municipalities.
3. Agricultural Products (Organic Soil Amendments): Sale of high-quality organic soil improvers and fertilizers produced from digestate processing, marketed to the agricultural sector.
4. EPC and Project Development Services: Belenergia acts as an EPC (Engineering, Procurement, Construction) investor and developer, financing, building, and operating its own assets. The internal EPC capability enables cost control and quality assurance across project delivery.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Belenergia is a European renewable energy group that develops, builds, finances, and operates solar photovoltaic, wind power, and bioenergy assets across Southern Europe (Italy, France, Spain). The company runs an integrated renewable energy and circular economy platform spanning more than 50 industrial installations that produce electricity, biomethane, bioethanol, organic soil amendments, and compost, processing approximately 500,000 tonnes of organic waste annually under long-term Power Purchase Agreements (PPAs) and Biogas Purchase Agreements (BPAs) with utilities, gas distributors, industrial off-takers, and municipalities.

Product overview

BelEnergia is a European renewable energy group developing, building, and operating solar photovoltaic, wind power, and bioenergy assets across Southern Europe. The company operates a portfolio of more than 50 industrial facilities, organized around four core business lines: Solar Energy (photovoltaic and agrivoltaic solutions), Wind Energy (60 MW in operation), Bioenergy (biomethane, bioethanol, and biomass production), and Soil/Mixed Compost Amendments (circular economy solutions for agriculture). Key projects include Mithra (11 MW solar), Sigmabel Energy (58 MW agrivoltaic), Enterra (13 MW biomass), multiple biomethane facilities (BelAgri, CTIP Blu, BIOMETANO SB, B.E.A.R., Belagreen, BBO, Perbel, Distilleria Bartin), and wind farms (Gallo Due). Operations are managed in-house through the SWM subsidiary, covering development, EPC, financing, construction, and O&M across the entire value chain.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Energy (Photovoltaic and Agrivoltaic Power) Development, construction, operation and sale of electricity from photovoltaic and agrivoltaic solar plants across Southern Europe, integrated with EPC capabilities and SWM-led O&M. Targets energy utilities and industrial off-takers via PPAs and public auctions.
• Wind Energy Development, construction, operation and sale of electricity from utility-scale wind farms, with 60 MW in operation at peak across Southern Europe and full in-house project management for cost control and stable long-term returns. Energy is sold via PPAs and public auctions.
• Bioenergy (Biomethane, Bioethanol, Biomass Power) Integrated bioenergy operations covering anaerobic digestion, biogas/biomethane upgrading, biomass combustion, cogeneration and bioethanol production across more than 12 industrial sites in Europe. Converts agricultural residues, livestock waste and FORSU into renewable electricity, biomethane, bioethanol and compost for sale via PPAs, BPAs and public auctions.
• Soil and Mixed Compost Amendments (MCA) Production and sale of high-quality organic soil improvers and fertilizers derived from digestate and compost processing. Combined with agrivoltaic systems into a low-impact circular model marketed to farmers, agricultural cooperatives and land managers seeking to regenerate soils.

Quantifiable outcome

• 500,000 tonnes of organic waste processed annually across all facilities
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Caviro ExtraminorStrategic or Co-development Partner · 1 January 2023Partnership with Caviro Extra Spa, a leading Italian wine producer, for the valorization of wine production by-products through anaerobic digestion and biomethane production, creating a circular economy loop in the wine industry.
• PRODEVALcoreStrategic or Co-development Partner · 9 June 2022PRODEVAL, a key player in international biogas sector development, signed a framework agreement with Belenergia in June 2022 to develop biogas projects across Europe. The partnership combines expertise in biomethane equipment and project development.
• SIGMA GroupcoreStrategic or Co-development Partner · 1 January 2021SIGMA Group is a joint venture partner in multiple projects including Sigma Bel Energy (agrivoltaic solar, 58 MW across four sites in Melfi) and BelAgri (advanced biomethane plant in Candela, Puglia). The partnership combines SIGMA's agricultural expertise with Belenergia's energy infrastructure capabilities.
• IES Biogas (SNAM Group)coreTechnology or Integration · 1 January 2021IES Biogas of Pordenone, a company of the SNAM group, served as the EPC contractor for CTIP Blu biomethane plant construction. IES Biogas provides specialized anaerobic digestion and biogas upgrading technology.
• SWM (Solar & Wind Management)coreOthersSWM Srl is Belenergia's wholly-owned subsidiary responsible for the operation, maintenance, and asset management of the group's solar PV and wind portfolios across Southern Europe. Acquired as 70% majority stake in 2021.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Sun'Agri: French agrivoltaic specialist combining solar PV with agricultural production. Directly comparable to BelEnergia's Sigma Bel Energy agrivoltaic joint venture (4 sites in Melfi combining bifacial panels with soil regeneration), focusing on the same Southern European agrivoltaic niche.
• Nature Energy: The largest producer of biomethane in Europe, operating anaerobic digestion plants across multiple countries. Directly comparable to BelEnergia in biomass-to-biomethane production, agricultural feedstock sourcing, and grid-injection offtake model, though at significantly larger scale.
• Weltec Biopower: European EPC and operator of biogas and biomethane plants, including turnkey anaerobic digestion solutions. Directly comparable to BelEnergia in anaerobic digestion EPC capability, agricultural feedstock utilization, and Southern/Central European project deployment.
• PlanET Biogas Group: German manufacturer and EPC contractor of biogas and biomethane plants with European project deployment. Closely comparable to BelEnergia in anaerobic digestion EPC scope, modular plant design, and agricultural residue feedstock plants across Southern/Central Europe.
• Albioma: French renewable energy producer specializing in biomass-to-power co-generation and solar. Directly comparable to BelEnergia in the biomass power segment (Albioma's bagasse/biomass co-generation mirrors BelEnergia's Enterra plant), French/European footprint, and contracted utility offtake model.
• VERBIO Vereinigte BioEnergie AG: German integrated producer of biomethane, biodiesel, and bioethanol from agricultural residues. Directly comparable in the multi-output bioenergy model (BelEnergia's Enterra plant produces electricity, bioethanol, and biomethane), feedstock strategy (agricultural by-products), and ISCC-certified European operations.
• EnviTec Biogas AG: German developer, EPC provider, and operator of biomethane and biogas plants across Europe. Directly comparable to BelEnergia in anaerobic digestion plant design, EPC execution, and O&M operations with similar feedstock (agricultural residues, organic waste).

Broad incumbents

• Iberdrola Renovables: Global renewable energy utility and direct buyer of BelEnergia's Basilicata wind farm. Comparable in wind and solar IPP operations across Europe (including Italy where Iberdrola now reaches ~450 MW), and represents the institutional off-taker and asset acquirer counterpart in BelEnergia's asset rotation strategy.
• Enel Green Power: Italian-headquartered global renewable energy utility operating utility-scale solar, wind, and biomass assets across Southern Europe. Comparable in Italian/European renewable power generation footprint and PPA-based revenue model, but operating at much larger scale and broader technology scope.
• Sonnedix Power Holdings: European independent power producer focused on solar PV across multiple European countries. Comparable to BelEnergia's 190 MW solar portfolio and pan-European IPP model, though specializing in solar rather than diversified renewables.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/belenergia

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

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 BelEnergia