What Amaranto Group does

Amaranto Group is a privately held Italian holding company (Amaranto Holding S.p.A.) founded in 2008 and headquartered in Milan, with operational offices in Ripalimosani (Campobasso) and Rome plus international offices in Warsaw, London and Domnesti (Romania). The group operates across the full renewable energy value chain, providing development services, EPC and O&M, ESCO-certified energy efficiency services (including ECO/Sisma/Superbonus 110% incentive management), asset management, M&A advisory for PV assets, energy community aggregation, and battery energy storage (BESS) solutions. Its technology stack spans ground-mounted photovoltaic plants, agrovoltaic installations, battery energy storage systems, and distributed generation configurations (CER / CACER), with dedicated operating vehicles including wholly-owned Energiaprima (EPC/O&M), Silver Ridge Power Italia (large PV development and asset management, acquired in 2018), and joint ventures Fusion and FusionDev (with BYOM for energy communities and large-scale PV), Amaranto-AGR Storage (with AGR Renewables for BESS targeting 1 GW in Italy), and Hesperia (the first cooperative Renewable Energy Community in Molise).

The company's business model combines project-based one-time revenue from EPC construction (anchored by the cumulative 377 MWp delivered in Italy and abroad), recurring revenue from O&M (137 MWp) and asset management mandates (152 MWp), plus fee-based revenue from M&A transactions across an active pipeline of roughly 226 MWp of distressed asset acquisitions and development services for partner-driven pipelines including the 1+ GWp with Gruppo Marseglia. Go-to-market is sales-led B2B, with dedicated business development teams by service line, direct outreach to large landowners, institutional investors, businesses, and cooperatives, and partnership origination through JV partners (S&Z, AGR Renewables, BYOM, Gruppo Marseglia) and industry bodies (Legacoop, Confimi Industria). Pricing is customized and quote-based with no publicly disclosed rate cards; free land evaluation is offered through a dedicated rentland portal to drive upstream origination. Customer segments span landowners and property owners (primary, including agricultural/industrial/undeveloped land), renewable energy investors (primary), energy communities and cooperatives (primary), property owners seeking ECO/Sisma Bonus access (secondary), and distressed PV asset owners (secondary).

Notable structural differentiators include the Top-4 emerging-markets PV ranking from the IHS Technology Report (250 MWp pipeline via Bester), ISO 9001/14001/45001 certifications, OG9 IV-Bis sector grading, ESCO certification, and Model 231 governance with a dedicated Supervisory Board (OdV) and whistleblowing channel. The group has no publicly disclosed institutional funding rounds and operates through founder-led control (Antonello Amoroso) with a specialized management team across Development, Storage, Engineering, O&M, Finance, Legal, HR and IT.

Name

Amaranto Group

Legal name

Amaranto Holding S.p.a.

Website

https://amarantoholding.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Amaranto Group is a privately held Italian renewables holding company that develops, builds, and manages photovoltaic plants, agrovoltaic systems, battery energy storage and energy communities for landowners, institutional investors, cooperatives and industrial clients across Italy, the UK, Romania, Poland and historically India.

Ownership category

akta.pro rank

Product category

Renewable Energy Services

NAICS

Solar Electric Power Generation (221114)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

akta.pro secondary industries

Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Electrical BOP & Collection Systems (MV/HV Cabling, Switchgear, Protection, Grounding) (EUAMAFAD)

Keywords

• Photovoltaic project development
• Solar EPC services
• Renewable energy consulting
• Solar asset management
• Energy storage solutions

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC (Engineering, Procurement, Construction): Design and construction services for photovoltaic plants of all sizes, from small to utility-scale. Revenue generated through fixed-price contracts for plant construction, including procurement of equipment and installation services.
2. O&M (Operations & Maintenance): Ongoing maintenance and operational services for PV plants, including 24/7 remote monitoring, preventive and corrective maintenance, administrative support, and GSE/regulatory compliance management. Revenue is recurring through service contracts.
3. Asset Management: Portfolio management services for PV assets including performance monitoring, compliance verification, GSE inspections support, regulatory reporting, administrative and financial management. Revenue is recurring through management fees.
4. M&A (Mergers & Acquisitions): Acquisition and divestiture of PV assets (operational and project-stage), distressed asset valorization, and refinancing services. Revenue generated through transaction fees and equity gains on asset appreciation.
5. Development Services: Land identification, feasibility studies, permitting, and project development for new PV installations. Revenue through development fees or carried interest in completed projects.
6. ESCO Incentive Services: Energy efficiency upgrade services for buildings (ECO Bonus, Sisma Bonus) including fiscal incentive management, design, construction, and credit monetization.
7. Joint Venture Operations: Revenue from ownership stakes in joint ventures including Fusion (energy communities with BYOM), Amaranto-AGR Storage (BESS), and partnerships with Gruppo Marseglia and S&Z.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Amaranto Group is an Italian renewable energy operator providing end-to-end photovoltaic (PV) services across the full value chain. The company develops, designs, finances, constructs (EPC), and operates solar PV plants (utility-scale, rooftop, and agrovoltaic), and provides ongoing operations and maintenance (O&M), asset management, M&A advisory for PV portfolios, ESCO services for building energy efficiency incentives, and Battery Energy Storage System (BESS) projects through its Amaranto-AGR Storage joint venture. It also develops renewable energy communities (CER/CACER) via the Fusion and FusionDev joint ventures with BYOM.

Product overview

Amaranto Group is a holding company providing integrated services for the entire renewable energy supply chain through multiple divisions and joint ventures. The core offering includes development, EPC and O&M, ESCO services (Eco and Sisma Bonus), asset management, M&A, energy communities, and energy storage. Key subsidiaries and joint ventures include Energiaprima (EPC and O&M specialist), Fusion (energy communities with Byom), Amaranto-AGR Storage (BESS with AGR Renewables), FusionDev (photovoltaic development with Byom), and Hesperia (cooperative energy community). The company manages approximately 377 MWp of installed capacity and 152 MWp in asset management.

Differentiator

Problem solved

Functional benefit

Products and services

• Sviluppo (Development)

Quantifiable outcome

• 377 MWp of EPC capacity delivered
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core, flagship, historical and minor.

• FusionDevcoreStrategic or Co-development Partner · 1 January 2025Joint venture founded in 2025 between Amaranto Group and BYOM, dedicated to large-scale photovoltaic plant development in Italy. Manages approximately 130 MW project portfolio across Central and Southern Italy, with many projects near ready-to-build stage.
• AGR RenewablesflagshipStrategic or Co-development Partner · 1 March 2023In March 2023, Amaranto Group signed a strategic partnership with AGR Renewables for the development of battery energy storage systems (BESS), creating the joint venture 'Amaranto-AGR Storage'. The collaboration aims to develop, construct, manage, and finance standalone BESS projects and innovative energy solutions. AGR Power Limited brings extensive BESS experience from the UK market, targeting 1 GW of storage capacity across Italy.
• BYOM SrlflagshipStrategic or Co-development Partner · 1 January 2021Joint venture 'Fusion Srl' established with BYOM as a 50/50 partnership, making Amaranto a leader and pioneer in distributed generation with particular focus on Renewable Energy Communities (CER). BYOM and Amaranto collaborate on energy community development through FusionCER brand.
• S&ZcoreStrategic or Co-development Partner · 1 January 2021Trusted Business Ally with extensive experience in electrical and construction sectors. Partnership has realized 480 MWp in Italy and over 300 MWp internationally, with numerous joint initiatives underway. Amaranto also holds a stake in S&Z's capital.
• Gruppo MarsegliacoreStrategic or Co-development Partner · 1 January 2019Partnership with Gruppo Marseglia (active since 1974 in vegetable oils, diversified into energy in 2000) created multiple joint companies to develop a pipeline of over 1 GWp of ground-mounted and agrovoltaic PV plants across central-southern Italy (Basilicata, Lazio, Puglia, Sicily, Sardegna). One of Amaranto's most established partnerships.
• BesterhistoricalStrategic or Co-development Partner · 1 January 2008Historical partnership with Bester (bester.energy) for PV development in emerging markets, achieving Top 4 global ranking in IHS Technology Report with 250 MW pipeline. This partnership established Amaranto's early market position.
• EnergiaprimacoreStrategic or Co-development PartnerEnergiaprima SpA, founded by Amaranto Group in 2008, specializes in photovoltaic, thermal, electrical, technological systems and energy efficiency. Fully integrated into Amaranto Group for EPC and ESCO services, with Sergio Prigioniero as CEO.
• Confimi Industria MoliseminorGTM or Marketing PartnerCollaboration on industry events and initiatives including the 'Made in Italy Day' celebrations and energy transition conferences in Molise region. Confimi promotes Amaranto Group's activities to member companies.
• Legacoop Molise and Legacoop NazionaleminorGTM or Marketing PartnerPartnership supporting the creation of Hesperia, the first cooperative renewable energy community in Molise. Legacoop provides institutional support and member access for energy community initiatives.

Scale indicators16 records

Recent moves13 records

Expansion highlights7 records

Direct peers

• Sonnedix: Global solar developer and IPP managing over 10 GWp across multiple European and international markets. Comparable full-stack model (development, EPC oversight, O&M, asset management) and direct competition in Italian PV market.
• Solarig: European solar EPC and asset management specialist with operations across Iberia, Italy, and Latin America. Comparable full-lifecycle service offering and direct competition for utility-scale and distributed generation projects in Italy.
• Akuo Energy: Independent French renewable energy developer and IPP with presence across Europe including Italy. Overlapping business model in solar development, EPC, and asset management with comparable scale to Amaranto and direct competition for European project pipelines.
• EF Solare Italia: Italy's largest solar operator with over 1 GW of installed PV capacity. Directly comparable to Amaranto as a domestic Italian solar developer and asset manager with full EPC-to-O&M capabilities, though significantly larger in scale.
• Falck Renewables (BlueFloat Energy): Italian-headquartered renewable energy developer with significant solar PV portfolio across Europe. Comparable business model spanning development, construction, and asset management, with overlapping geographic focus on Italy and Southern Europe.

Broad incumbents

• BayWa r.e. Global renewable energy developer, EPC contractor, and asset manager with significant European operations. Comparable full-stack solar services and direct overlap in Italian and other European markets where Amaranto operates.
• Enel Green Power: Italy's incumbent utility-scale renewable energy arm of Enel Group with multi-GW global portfolio. Overlaps in solar EPC, development, and asset management but operates at vastly larger scale and broader geographic scope than Amaranto.
• Edison Renewables: Italian energy incumbent with growing renewable energy portfolio. Competes for Italian solar development opportunities but as part of a broader traditional energy and gas utility, with different strategic priorities than Amaranto's pure-play renewable focus.
• Iberdrola Renewables: Major European utility with growing solar PV portfolio including Italy. Indirect overlap through Italian utility-scale solar auctions and corporate PPA opportunities, but vastly larger scale and broader geographic diversification.
• RWE Renewables: Global utility-scale renewable energy developer with significant Italian solar operations. Competes for Italian utility-scale solar tenders but operates as part of a much broader European utility portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AmarantoGroup
• LinkedInlinkedin.com/company/amaranto-group
• Instagraminstagram.com/amarantogroup
• Facebookfacebook.com/profile.php

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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 Amaranto Group