TerniEnergia S.p.A.
TerniEnergia Progetti is an Italian EPC, O&M, and asset management provider for utility-scale photovoltaic plants, serving institutional investors, utilities, and corporate energy buyers with a 614+ MWp reference portfolio across five countries.
- Company typePrivate
- Founded2018
- HeadquartersNarni, Italy
- Headcount51–100
- GTM typeB2B
- OfferingServices
What TerniEnergia S.p.A. does
TerniEnergia Progetti S.r.l., the carve-out photovoltaic unit of the former TerniEnergia S.p.A. (subsequently AlgoWatt S.p.A.), is an Italy-headquartered engineering, procurement, and construction (EPC) contractor and operations and maintenance (O&M) provider focused exclusively on utility-scale photovoltaic plants. The company delivers full-scope EPC work — covering technical and permitting design, procurement and supply chain coordination, mechanical and electrical construction, Balance of Plant activity, and commissioning — alongside multi-year recurring O&M contracts, revamping and repowering modules, and asset management services. As of the most recent disclosures, the firm reports a cumulative track record of 614+ MWp installed across five countries (Italy, Greece, South Africa, Romania, and Tunisia) and more than 50 plants under O&M management in 2025-2026.
The underlying technology stack pairs a digital monitoring platform — integrating SCADA and inverter data, custom dashboards, automated alerts, and 24/7 ticket management — with drone-based aerial thermography using high-resolution thermal cameras and RGB image analysis for hot spot, damaged-cell, soiling, and visual-defect detection. Management reports a 99.5% average uptime across managed plants and claims a 25% reduction in downtime and 12% performance improvement as outcomes of the digital-monitoring stack. The company holds ISO 9001:2015 (quality) and ISO 45001:2018 (occupational health and safety) certifications. Customer relationships are enterprise-grade and span institutional investors, international developers, utilities, and corporate energy buyers, including Terna, Acea, ENI, EDF, Verbund, Ferrero, Aeroporti di Roma, Buzzi Unicem, X-Elio, Enfinity, and Circet.
Revenue is generated through project-based EPC contracts (one-time recognition) supplemented by recurring multi-year O&M and asset management fees, with all pricing negotiated on a per-project or per-contract basis and not publicly disclosed. Following AlgoWatt S.p.A.'s judicial liquidation in 2024, Terni Grandi Impianti S.r.l. acquired TerniEnergia Progetti in March 2025, simultaneously conferring the O&M business unit into the company, reconstituting share capital, and integrating EPC and O&M activities under one entity. TerniEnergia Progetti reported €5.4M in operating revenues for fiscal year 2025 (+20% YoY), EBITDA above €600K, and a positive net result, with an employee headcount in the 51-100 range.
TerniEnergia S.p.A. firmographics
Firmographics- Name
- TerniEnergia S.p.A.
- Legal name
- TerniEnergia Progetti S.r.l.
- Website
- https://ternienergia.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- TerniEnergia Progetti is an Italian EPC, O&M, and asset management provider for utility-scale photovoltaic plants, serving institutional investors, utilities, and corporate energy buyers with a 614+ MWp reference portfolio across five countries.
- Ownership category
- akta.pro rank
TerniEnergia S.p.A. industry classification
Industry- Product category
- Utility-Scale Photovoltaic EPC and O&M Services
- NAICS
- Engineering Services (541330), Computer Systems Design and Related Services (54151)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), Services-Computer Programming Services (7371)
- 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), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), SCADA, Controls & Communications Integration (RTU, Fiber, Networking) (EUAEADAD)
Keywords
Where TerniEnergia S.p.A. is headquartered
LocationHeadquarters
- HQ city
- Narni
- HQ country
- Italy
- HQ region
- Europe
Offices1 record
Markets served
TerniEnergia S.p.A. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure
Revenue model
- EPC (Engineering, Procurement & Construction): Full-scope EPC contracts for utility-scale photovoltaic plant construction, covering technical and permitting design, procurement and supply chain coordination, mechanical and electrical construction, Balance of Plant activities, and commissioning through to final testing and handover.
- Operation & Maintenance (O&M): Recurring O&M contracts for photovoltaic plants including ordinary and extraordinary maintenance, digital monitoring integration, revamping and repowering services, and 24/7 emergency support. Multi-year contract framework with focus on high-margin O&M activities.
- Asset Management: Full lifecycle management of photovoltaic assets including revamping, repowering, monitoring systems, and performance optimization to maximize production and profitability over the long term.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | EPC full-scope project pricing |
| Subscription | Multi-year contract | O&M recurring service contracts |
| Subscription | Multi-year contract | Asset Management services |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
TerniEnergia S.p.A. product offering
Product offeringCore offering
TerniEnergia Progetti delivers full-scope Engineering, Procurement & Construction (EPC), Operation & Maintenance (O&M), and Asset Management services for utility-scale photovoltaic plants, including Balance of Plant, Revamping, Repowering, and drone-based inspection services. The company serves institutional investors, infrastructure funds, utilities, and corporate energy buyers across Italy, Greece, South Africa, Romania, and Tunisia. Its offering is supported by proprietary digital monitoring, SCADA integration, and predictive maintenance technology that enable plant performance optimization across the project lifecycle.
Product overview
TerniEnergia Progetti operates as an integrated platform offering full-scope EPC, Operation & Maintenance, and Asset Management services for utility-scale photovoltaic plants. The core offering comprises EPC Full Scope and Balance of Plant construction services, complemented by O&M with integrated digital solutions including real-time monitoring platforms and drone inspection services. Asset Management services are delivered through dedicated Revamping and Repowering modules. The product portfolio is unified under a single industrial model that covers the entire plant lifecycle from site identification and permitting through construction, commissioning, and long-term operational management.
Differentiator
Problem solved
Functional benefit
Products and services
- EPC Full Scope (Engineering, Procurement & Construction) End-to-end engineering, procurement, and construction of utility-scale photovoltaic power plants, delivering projects for institutional investors, infrastructure funds, utilities, developers, and corporate energy buyers across Italy and international markets.
- Operation & Maintenance (O&M) Recurring service covering the operation and maintenance of utility-scale photovoltaic plants, including preventive and corrective maintenance, supported by in-house digital monitoring, SCADA integration, drone-based inspections, and predictive maintenance tools.
- Asset Management Managed service for utility-scale photovoltaic plant owners, covering asset performance oversight, reporting, and commercial optimization to protect long-term yield and returns.
- Balance of Plant (BOP) Engineering and construction of the non-module infrastructure of a utility-scale photovoltaic plant, including mounting structures, cabling, inverter stations, and medium-voltage systems, delivered as part of the EPC scope or as a standalone service.
- Revamping Service to upgrade and refurbish components of existing utility-scale photovoltaic plants, restoring or improving performance and extending operational life.
- Repowering Major refurbishment or redesign of existing utility-scale photovoltaic plants, including component replacement and capacity upgrades, to restore or increase generation output.
- Drone-Based Inspection Services Standalone inspection service using drone-mounted thermographic imaging to detect module faults, hot spots, and underperforming areas in utility-scale photovoltaic plants.
Quantifiable outcome
- 614+ MWp installed capacity delivered across 5 countries
- +6 more outcomes
Companies that use TerniEnergia S.p.A.
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles2 records
TerniEnergia S.p.A. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature3 records
TerniEnergia S.p.A. partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AlgoWatt S.p.A. (former parent company)minorAlgoWatt S.p.A. (formerly TerniEnergia S.p.A.) established TerniEnergia Progetti S.r.l. in 2018 through the contribution of the photovoltaic business unit. AlgoWatt entered judicial liquidation in 2024, after which Terni Grandi Impianti S.r.l. acquired TerniEnergia Progetti.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
TerniEnergia S.p.A. competitors and assessment
Company assessmentDirect peers
- Sonnedix: Independent solar power producer with a large operating fleet under third-party-style O&M contracts; competes with TEP for ongoing operations and asset-management mandates on European PV assets.
- Voltalia: French renewables developer with in-house EPC, O&M and asset management across solar and wind; similar integrated lifecycle offering and Mediterranean/African footprint as TEP.
- Stern Energy: Italian-headquartered utility-scale solar EPC and O&M specialist with multi-GW European track record; competes head-to-head with TEP in Italy and Southern Europe for both construction and recurring O&M contracts.
- BayWa r.e. (Solar Trade): European utility-scale solar EPC, O&M and asset-management platform with comparable integrated service model; one of the closest direct competitors for large project tenders across the EU.
- Greenvolt Next: Greenvolt group operates utility-scale PV EPC, O&M and energy solutions in Iberia, Europe and Brazil; comparable integrated offerings and target customers (institutional investors and developers).
- RENERGY Group: Italian PV O&M, revamping and repowering specialist; direct head-to-head competitor in the Italian recurring-services segment that TEP is expanding.
Broad incumbents
- Lightsource bp: Large international utility-scale solar developer with integrated EPC and asset management; competes with TEP for project wins and asset-management mandates across Europe.
- Enel Green Power: Global utility-scale renewables developer and operator; overlaps with TEP on Italian/EU solar EPC and O&M but operates across a vastly broader wind, solar and storage portfolio.
- EDF Renewables: Global renewables arm of EDF group; both a TEP client and one of the broadest European competitors across utility-scale solar EPC and O&M.
Emerging players
- Elecnor (Enor): Spanish EPC group with significant renewables and grid-balance-of-plant activity; comparable as a European utility-scale EPC contractor and BOP provider for solar plants.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TerniEnergia S.p.A. social profiles
Digital presenceTerniEnergia S.p.A. compliance and trust
Trust signalCompliance2 records
TerniEnergia S.p.A. financial estimates
Financial estimateRevenue estimate
Valuation estimate
TerniEnergia S.p.A. leadership team
Management profileNumber of profiles
Profiles3 records
TerniEnergia S.p.A. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TerniEnergia S.p.A. M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TerniEnergia S.p.A.
What does TerniEnergia S.p.A. do?
TerniEnergia Progetti delivers full-scope Engineering, Procurement & Construction (EPC), Operation & Maintenance (O&M), and Asset Management services for utility-scale photovoltaic plants, including Balance of Plant, Revamping, Repowering, and drone-based inspection services. The company serves institutional investors, infrastructure funds, utilities, and corporate energy buyers across Italy, Greece, South Africa, Romania, and Tunisia. Its offering is supported by proprietary digital monitoring, SCADA integration, and predictive maintenance technology that enable plant performance optimization across the project lifecycle.
Is TerniEnergia S.p.A. a public or private company?
TerniEnergia S.p.A. is a private company. It is classified as corporate owned and is currently operating.
When was TerniEnergia S.p.A. founded?
TerniEnergia S.p.A. was founded in 2018. It employs 51 to 100 people.
Where is TerniEnergia S.p.A. based?
TerniEnergia S.p.A. is headquartered in Narni, Italy, in the Europe region.
How does TerniEnergia S.p.A. make money?
Three revenue lines are on record. EPC (Engineering, Procurement & Construction) is the primary driver. The others are operation & Maintenance (O&M) and asset Management.
Who are TerniEnergia S.p.A.'s main competitors?
Direct peers on record are Sonnedix, Voltalia, Stern Energy, BayWa r.e. (Solar Trade), Greenvolt Next and RENERGY Group. Broad incumbents are Lightsource bp, Enel Green Power and EDF Renewables. Elecnor (Enor) is listed as an emerging player.
Does TerniEnergia S.p.A. have an API?
No public API is recorded for TerniEnergia S.p.A..
What industry is TerniEnergia S.p.A. in?
TerniEnergia S.p.A.'s product category is Utility-Scale Photovoltaic EPC and O&M Services. Its primary akta.pro industry code is EUAEAAAG, Solar PV Power Plant EPC (Utility-Scale), with a secondary code of EUAEADAJ, Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks). Its NAICS code is 541330 and its SIC code is 3823.