Altea Green Power

What Altea Green Power does

Altea Green Power S.p.A. (AGP, ticker BIT:AGP) is an Italian renewable energy company founded in 2008 and headquartered in Rivoli (Turin), with its legal seat in Turin. Listed on Euronext Milan — STAR segment since November 2024 (previously on Euronext Growth Milan from February 2022) — the company operates as both an EPC (Engineering, Procurement and Construction) service provider and an Independent Power Producer (IPP) of exclusively renewable energy. Its portfolio covers photovoltaic plants (utility-scale, rooftop, and agrivoltaic), wind energy projects, and Battery Energy Storage Systems (BESS), complemented by commercial and industrial energy efficiency consulting. AGP positions itself as a single point of contact for the development, installation, and commissioning of renewable energy plants, and serves medium-to-large enterprises, agricultural operators, and institutional investors across Italy with a US footprint via a subsidiary and the BESS Power Corporation joint venture.

The company's revenue model combines project-based EPC services (professional services revenue), recurring IPP revenues from owned and operated renewable assets (an emerging stream anchored by the first proprietary PV plant acquired in May 2026 for €16 million), and transaction-based co-development with institutional partners such as Renewable Power Capital (1.1 GW BESS co-development signed March 2024). The business is supported by a €150M+ order portfolio, a BESS pipeline of approximately 3 GW that has earned Wood Mackenzie recognition as a top-15 European storage operator, multiple authorized BESS projects (250 MW Rondissone, 200 MW Basilicata, 60 MW Piedmont), and €10 million in bond financing (August 2025, 50% SACE-guaranteed). The strategic trajectory is a deliberate pivot from a pure developer model toward an integrated developer/IPP model designed to generate predictable, recurring revenues from owned renewable assets, complemented by a 2026-launched Hybrid Plants division that combines PV, BESS, and hydrogen technologies.

Capital structure and governance reflect small-cap public company characteristics: registered share capital of €911,778, 11–50 employees, founder-CEO-led (Giovanni Di Pascale, also Chairman with 6.24% personal stake), CFO Giancarlo Signorini, and a board that includes former General Manager Salvatore Guarino. Key institutional and financial partners include Renewable Power Capital (1.1 GW BESS co-development), Innovatec (PV/BESS commercial agreement, July 2025), Redelfi (US BESS joint venture), LevelTen Energy (M&A marketplace listing), SACE and BPER (bond financing), Intesa Sanpaolo (banking/analyst coverage), and Alantra, Wood Mackenzie, and Milano Finanza (analyst/recognition signals). The customer mix spans C&I enterprises, the agricultural sector, and institutional investors, with stated benefits including 60–70% energy cost savings on photovoltaic self-consumption and 3–6 year payback periods for C&I installations.

Name

Altea Green Power

Legal name

Altea Green Power A.G.P. S.p.A.

Website

https://alteagreenpower.it

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Altea Green Power S.p.A. is an Italian renewable energy EPC contractor and Independent Power Producer listed on Euronext Milan (STAR segment), developing, building, and operating photovoltaic, wind, agrivoltaic, and BESS storage projects for medium-to-large enterprises and institutional investors in Italy and the US.

Ownership category

akta.pro rank

Product category

Renewable Energy EPC and IPP Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111), Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Wind Farm EPC & Balance of Plant Construction (Civil, Electrical, Substations) (EUAMACAF), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Renewable energy EPC
• Photovoltaic plant development
• Battery energy storage
• Independent power producer
• Agrivoltaic systems

Headquarters

HQ city

Rivoli

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Services: Engineering, Procurement and Construction services for renewable energy plants including photovoltaic, wind, and storage systems. The company serves as a single point of contact for installation and commissioning of renewable plants.
2. Energy Production and Sales (IPP): Revenue from owning and operating renewable energy assets, selling produced electricity. The IPP model generates recurring and predictable revenues over time from plant operations.
3. Project Co-development: Co-development of renewable energy projects for third parties, including institutional investors and industrial partners, with projects sold upon completion or retained for operational revenue.
4. Energy Trading and Tolling Services: Services involving trading and tolling operations for BESS assets, potentially through joint ventures or partnerships, targeting international clients interested in owning but not operating BESS plants in Italy.
5. Energy Efficiency Consulting: Advisory services helping clients reduce energy consumption and climate impacts, including analysis of energy needs, rooftop characteristics, and customized storage integration.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Altea Green Power develops, installs, and operates renewable energy plants—including photovoltaic (ground-mounted, rooftop, and agrivoltaic), wind, and Battery Energy Storage Systems (BESS)—as both an Engineering, Procurement and Construction (EPC) service provider and an Independent Power Producer (IPP). The company also delivers energy efficiency consulting and co-development services for institutional investors and industrial partners across Italy.

Product overview

Altea Green Power is a renewable energy company offering an integrated portfolio of products and services. The core offerings include photovoltaic plants (ground-mounted, rooftop, and agrivoltaic), wind energy, and BESS (Battery Energy Storage Systems). The company operates as both an EPC (Engineering, Procurement and Construction) service provider and an Independent Power Producer (IPP) with owned renewable assets. The portfolio is complemented by Commercial & Industrial energy efficiency solutions and a new Hybrid Plants division launched in 2026 that combines photovoltaic, BESS, and hydrogen technologies. As an IPP, AGP generates recurring revenues by owning and operating renewable energy plants, having acquired its first owned PV plant in 2026. The company targets industrial, commercial, and utility-scale clients across Italy with a full-service approach from development through construction to post-sale support.

Differentiator

Problem solved

Functional benefit

Products and services

• Photovoltaic Plants (Impianti Fotovoltaici)
• BESS (Battery Energy Storage Systems)
• Wind Energy (Eolico)
• Agrivoltaic Systems (Agrivoltaico)
• EPC Services (Engineering, Procurement and Construction)
• Independent Power Producer (IPP)
• Hybrid Renewable Plants
• Energy Efficiency Consulting (C&I)
• Project Co-development

Quantifiable outcome

• Energy cost savings of 60-70% achievable through photovoltaic self-consumption
• +2 more outcomes

Named customers2 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

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Consorzio Forestale Alta Valle SusaminorOthers · 30 September 2025ESG sponsorship agreement for reforestation project in Val di Susa. Project involves planting 16,000 trees on approximately 7 hectares by 2029, including school education programs and environmental awareness activities.
• InnovateccoreStrategic or Co-development Partner · 22 July 2025Three-year commercial agreement for the purchase, sale, and co-development of photovoltaic projects in Italy at various development stages, including projects with BESS storage systems.
• Renewable Power Capital (RPC)coreStrategic or Co-development Partner · 27 March 2024Co-development agreement for 9 BESS storage projects in Italy totaling 1.1 GW across various regions. RPC is a fund investment manager specializing in battery storage assets. The partnership demonstrates AGP's ability to attract international institutional capital for storage development.
• LevelTen EnergycoreTechnology or Integration · 7 June 2023Strategic agreement for placing AGP's 2 GW BESS project pipeline on LevelTen's M&A software platform, the largest renewable energy deal-sourcing marketplace. The partnership enhances visibility to global investors and accelerates transaction execution capabilities.
• AER Soléir (Ireland)coreStrategic or Co-development Partner · 7 February 2023Second agrivoltaic co-development agreement with the Irish group, expanding the partnership beyond initial scope.
• RedelficoreStrategic or Co-development Partner · 15 December 2022Joint venture BESS Power Corporation established for US market development. First objective achieved with ERCOT confirmation of 407.55 MW for Lund Storage Center project in Texas. Leyline Renewable Capital financing of up to $15 million secured for US BESS pipeline development.
• A2AcoreStrategic or Co-development Partner · 5 August 2022Co-development agreement for agrivoltaic projects in Italy, combining agricultural production with solar energy generation.
• RP GLOBAL Austria GMBHminorStrategic or Co-development Partner · 30 November 2021Strategic partnership with Austrian renewable energy developer RP GLOBAL for project development collaboration.
• EF Tecnologie USAminorStrategic or Co-development Partner · 14 October 2021Agreement with US-based EF Tecnologie Group for renewable energy technology collaboration in the American market.

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• ERG S.p.A. Italian renewable energy IPP with significant wind and solar generation, plus emerging BESS portfolio. Directly comparable as a listed Italian renewable IPP focused on European generation and storage expansion.
• Falck Renewables: Italian-headquartered renewable energy IPP and developer with wind, solar, and storage projects; absorbed into BKW but historically a direct competitor to AGP in the Italian renewables market, with overlapping C&I and utility-scale customer bases.
• Encavis AG: Listed European solar and wind IPP with a growing battery storage portfolio; comparable to AGP in IPP model, multi-technology renewable portfolio, and focus on institutional co-investment in European green assets.
• BayWa r.e. Global renewable energy developer and IPP active in solar, wind, and storage across Europe. Comparable as a multi-technology renewable developer transitioning toward owned-asset operation with strong co-development partnerships.

Broad incumbents

• Edison S.p.A. Major Italian electric utility with growing renewable and storage portfolio. Overlaps with AGP in Italian BESS development, C&I energy efficiency, and IPP operations.
• Iren S.p.A. Italian multi-utility with renewable generation, distribution, and energy services. Comparable as a diversified Italian energy player developing renewable and storage capacity for C&I and grid applications.
• Enel Green Power: World's largest private renewable energy operator; Enel Green Power is the dominant Italian and European renewable IPP and BESS developer, representing the benchmark incumbent against which AGP's pipeline and capabilities are measured.
• A2A S.p.A. Italian multi-utility active in renewables, grids, and energy services. Both a co-development partner with AGP in agrivoltaics and a broad competitor in the Italian renewable and BESS development space.

Regional players

• RWE Renewables: Major European renewable IPP and developer headquartered in Germany with substantial wind, solar, and storage pipeline; relevant comparator for AGP's European storage ambitions, though operating primarily in non-Italian geographies.

Emerging players

• Redelfi S.p.A. Italian BESS-focused developer and AGP's US joint venture partner (BESS Power Corporation). Comparable as a niche Italian/European storage specialist with overlapping pipeline geography and shared project economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/altea-green-power

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors2 records

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 Altea Green Power