Asco Power

What Asco Power does

Asco Power S.p.A. is an Italian renewable energy operator and Energy Service Company (ESCo) that is wholly owned by Ascopiave S.p.A., a listed Italian gas distribution group. The company is headquartered in Pieve di Soligo (TV), Italy, and operates an integrated portfolio of renewable generation assets across the country: 27 hydroelectric plants with a combined 48.6 MW of installed capacity in Lombardy, Veneto, and Piedmont; 14 aerogenerators totaling 14 MW in Campania plus a 21.6 MW wind park in the Province of Catanzaro held through subsidiary Asco Wind & Solar S.r.l.; and a network of photovoltaic installations developed over the past fifteen years both as ground-mounted and rooftop plants. Asco Power also runs district heating networks fed by cogeneration and trigeneration systems in Mirano (VE) and Dolo (VE), with approximately 465 kW of combined cogeneration capacity serving residential, commercial, and public customers.

Beyond generation, Asco Power functions as the ESCo for the Ascopiave Group, providing energy efficiency consulting, building envelope renovations, public lighting efficiency upgrades, and energy audits for municipal and public entities. It manages Energy Efficiency Certificates (TEE, or "white certificates") on behalf of Ascopiave's distribution companies to meet regulatory obligations. The company holds UNI CEI 11352:2014 ESCo certification alongside UNI EN ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Capitalization stands at approximately €87.3 million in subscribed and paid-in capital.

Revenue mechanics combine electricity sales from owned renewable assets (likely sold to the grid or via bilateral arrangements), district heating tariffs charged to end-users, and service-based ESCo fees plus TEE certificate trading on behalf of group entities. The company is also pursuing adjacent opportunities through Green Factory S.r.l., a majority-owned subsidiary dedicated to hydrogen production from photovoltaic sources, and is exploring biomethane facilities, signaling an intent to extend its renewable energy footprint into green gases and hydrogen as part of Italy's energy transition.

Name

Asco Power

Legal name

Asco Power S.p.A.

Website

https://ascopower.it

Company type

Private

Operating status

Operating

Short description

Asco Power is an Italian renewable energy operator and ESCo (Energy Service Company) owned by Ascopiave S.p.A., managing 27 hydroelectric plants (48.6 MW), wind farms (35.6 MW), photovoltaic installations, and district heating networks across Italy, serving residential, commercial, and public customers.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation and District Heating Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Hydroelectric Power Generation (221111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Steam and Air-Conditioning Supply (221330)

SIC

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

akta.pro industry

PRIMARYEUAEAAAB

Combined Cycle & Cogeneration (CHP) EPC

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Power Generation EPC & Construction

SECONDARYEUAEAAAF

Wind Power Plant EPC (Onshore/Offshore)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Power Generation EPC & Construction

SECONDARYEUAMAFAK

Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable EPC & Construction (Balance of Plant)

Keywords

• Renewable energy generation
• Hydroelectric power plants
• Wind farm operations
• District heating networks
• Energy service company

Headquarters

HQ city

Pieve Di Soligo

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Production and Sales: Asco Power generates electricity from renewable sources (hydroelectric, wind, photovoltaic) through its owned and operated plants. Energy is likely sold to the grid or distributed through local networks.

Core offering

Asco Power S.p.A. generates renewable electricity from owned hydroelectric, wind, and photovoltaic plants across Northern and Southern Italy (combined capacity approximately 84 MW) and distributes thermal energy through cogeneration/trigeneration district heating networks in the Veneto region. It also operates as the certified Energy Service Company (ESCo) of the Ascopiave Group, delivering energy efficiency consulting, Energy Efficiency Certificate (TEE) management, and energy audits to public and commercial customers.

Product overview

Asco Power S.p.A. is a renewable energy company and Energy Service Company (ESCo) fully controlled by Ascopiave S.p.A. The company operates a diversified portfolio of energy production assets and services. Its core products include hydroelectric power plants (27 plants, 48.6 MW total capacity), wind farms (totaling 35.6 MW across Campania and Calabria), and photovoltaic installations. Additionally, Asco Power provides district heating through cogeneration and trigeneration systems in the Veneto region. The company offers complementary services including energy efficiency consulting, Energy Efficiency Certificate (TEE) management for the group, and operates through subsidiaries Asco Wind & Solar S.r.l. (wind and solar) and Green Factory S.r.l. (hydrogen production from photovoltaic). The company is also developing biomethane facilities and hydrogen production projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Hydroelectric Power Plants (Centrali Idroelettriche) Portfolio of 27 hydroelectric power plants with 48.6 MW total installed capacity located in Lombardy, Veneto, and Piedmont, generating renewable electricity from water resources for injection into the Italian grid.
• Wind Farms (Parchi Eolici) Wind power generation assets totaling 35.6 MW: a 14 MW wind farm in Campania (14 aerogenerators) and a 21.6 MW wind park in the Province of Catanzaro owned by subsidiary Asco Wind & Solar S.r.l.
• Photovoltaic Plants (Parchi Fotovoltaici) Dozens of ground-mounted and rooftop photovoltaic installations developed by Gruppo Ascopiave, including at the company headquarters, producing renewable solar electricity over the past fifteen years.
• District Heating with Cogeneration and Trigeneration (Teleriscaldamento Cogenerazione Trigenerazione) Cogeneration and trigeneration plants with 465 kW combined capacity across three sites (LE CIME, BELLA MIRANO, CA' TRON) in Mirano (VE) and Dolo (VE), paired with district heating networks supplying thermal energy to residential, commercial, and public customers.
• Energy Efficiency Services (Efficienza Energetica) Energy diagnostics, building envelope renovation, public lighting efficiency upgrades, and energy efficiency project implementation for municipal and public entities (water utilities, nursing homes) within Asco Power's operating territories.
• ESCo Services (Energy Service Company) Certified Energy Service Company offering under UNI CEI 11352:2014 for Gruppo Ascopiave, covering construction and maintenance of energy systems (cogeneration, photovoltaic, heat production) and consulting services in energy saving contexts.
• Energy Efficiency Certificates (TEE - Titoli di Efficienza Energetica) Supply of white certificates (TEE) to Gruppo Ascopiave distribution companies to meet regulatory obligations, pursued through customer interventions, company initiatives, and certificate market purchases.

Quantifiable outcome

• Avoided construction of individual heating systems through district heating networks, resulting in reduced CO2 emissions
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Asco Wind & Solar S.r.l.coreOthersSubsidiary wholly owned by Asco Power S.p.A. Operates wind parks including a 21.6 MW facility in the Province of Catanzaro. Part of the Asco Power integrated energy generation portfolio.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Engie Italia S.p.A. Engie Italia is the Italian arm of the global utility ENGIE, active in renewable generation, district heating, and energy efficiency — an incumbent peer overlapping with Asco Power's renewable and ESCo service offerings.
• Edison S.p.A. Edison is one of Italy's largest energy operators with hydroelectric, wind, solar, and gas-fired generation, as well as district heating — a broader incumbent in the same Italian energy space as Asco Power.
• Eni Plenitude S.p.A. Eni Plenitude is Eni's retail, renewables, and energy services arm, active in Italian distributed generation, solar, and energy efficiency — a broad incumbent overlapping with Asco Power's renewable and ESCo service model.
• Enel Green Power S.p.A. Enel Green Power is Italy's and one of Europe's largest renewable energy operators (hydro, wind, solar, geothermal) — a broad incumbent competing for Italian renewable assets, offtake, and policy support relevant to Asco Power.

Direct peers

• A2A S.p.A. A2A is a large Italian multi-utility with renewable generation (hydro, wind, solar), district heating networks, and cogeneration — directly comparable to Asco Power's integrated renewable + district heating model, but operating at materially larger national scale.
• Iren S.p.A. Iren is an Italian multi-utility with significant hydroelectric generation, district heating networks (notably in Turin and Reggio Emilia), and energy efficiency services — a close functional analog to Asco Power's ESCo + cogeneration model.
• Hera S.p.A. Hera is an Italian multi-utility with diversified renewable generation, district heating, and energy efficiency services, serving as a listed comparable for Asco Power's integrated municipal energy offerings.
• ASM Brescia S.p.A. ASM Brescia is an Italian municipal multi-utility with renewable generation, district heating, and energy services — comparable in scale and integrated business model to Asco Power.
• Acsm-Agam S.p.A. Acsm-Agam is a smaller Italian multi-utility operating hydroelectric plants, district heating, and gas distribution — closely matching Asco Power's mid-size integrated energy utility footprint and Italian regional focus.

Others

• Ascopiave S.p.A. Ascopiave is the publicly listed parent of Asco Power, focused on gas distribution and energy services in Northern Italy — the closest parent/related-party benchmark for evaluating Asco Power's strategic positioning and governance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 Asco Power