What TEP Renewables does

TEP Renewables Ltd is a privately-held utility-scale solar and renewable energy project developer incorporated in England and Wales (formerly TerniEnergia Progetti UK), with operational headquarters in Leamington Spa, UK and Rome, Italy, and additional offices in Palermo, Houston, Nicosia, Athens, and Bucharest. The company develops, finances, builds, and operates solar PV plants across Europe, Africa, and Latin America, reporting over 650 MW of completed capacity and a 90% planning-permission success rate. Its primary customer segments are utility-scale renewable energy developers, institutional investors, and agricultural landowners; the latter is served through TEP's proprietary Innofarm PV agro-photovoltaic system, which is patent-protected in Italy and enables simultaneous crop cultivation and power generation via elevated tensile structures, active shadow management, sun-tracking panels, smart LED crop lighting, and integrated irrigation.

The company's technology offering is split between two branded product lines — Innofarm PV and Agro-Photovoltaic Solar — both built around elevated-panel agrivoltaic architecture, and three service pillars: Project Development (site identification, feasibility, permitting, environmental assessment, grid-connection authorization), Financing (equity and debt arrangement via UK financial institutions, public and private funds), and Full EPC Services (engineering, procurement, construction, commissioning, monitoring). The firm also provides asset management and O&M for completed projects. TEP is ISO 9001:2015, 14001:2015, and 45001:2018 certified across UK and Italy operations.

TEP monetizes through project-specific, negotiated B2B enterprise contracts rather than disclosed or standard pricing; revenue is generated across development fees, EPC margins, financing arrangement fees, and recurring managed-services income from O&M and asset management. In 2024 the firm validated an asset-light development-for-sale channel by divesting a 90-MWp Foggia, Puglia agrivoltaic project to L&B Capital's Italian Renewable Resources fund. Headcount is reported at 11-50 employees, no institutional or PE/VC ownership has been disclosed, and no funding rounds were identified in the available source material.

Name

TEP Renewables

Legal name

TEP Renewables Ltd

Website

https://teprenewables.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

TEP Renewables is a privately held utility-scale solar and agro-photovoltaic project developer serving enterprise developers, institutional investors, and agricultural landowners across Europe, the Americas, Africa, and LATAM, delivering development, financing, EPC, and asset management services.

Ownership category

akta.pro rank

Product category

Utility-Scale Solar Project Development

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industries

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

Keywords

• Utility-scale solar development
• Agro-photovoltaic systems
• Renewable energy EPC
• Solar project financing
• Utility-scale solar construction

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Development: Project development services including site identification, feasibility studies, preliminary design, grid connection authorization, environmental impact assessment, and securing licenses and planning permission. This covers activities prior to construction.
2. Full EPC Services: Complete Engineering, Procurement and Construction services for solar PV plants including site preparation, foundations, PV module installation, structural erection, inverter and electrical installation, power house setup, testing, commissioning, monitoring and security systems. Also includes EPC for electrical lines and MV/HV substations, and battery supply/installation for grid stabilization.
3. Project Financing: Arranging equity and debt financing for solar projects at various development stages. Provides tailor-made financial solutions leveraging network with UK financial institutions, public and private funds, and investors.
4. Asset Management: Operational support services including O&M and asset management for completed projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

TEP Renewables develops, finances, and constructs utility-scale solar PV power plants with full-lifecycle services spanning site identification, feasibility and grid-connection studies, project financing arrangement, complete Engineering, Procurement and Construction (EPC) delivery, and ongoing asset management. Its differentiated offerings include the Italian-patented Innofarm PV agro-photovoltaic system and the related Agro-Photovoltaic Solar product line, which enable simultaneous agricultural production and solar power generation on the same land through elevated tensile-panel structures with sun-tracking, shadow management, supplemental LED lighting and integrated irrigation.

Product overview

TEP Renewables is a utility-scale solar project developer offering a comprehensive suite of services across the full project lifecycle. The portfolio includes two proprietary product lines—Innofarm PV and Agro-Photovoltaic Solar—alongside three core service pillars: Project Development (site identification through planning permission), Financing (equity and debt arrangement), and Full EPC Services (construction and commissioning). Innofarm PV and Agro-Photovoltaic Solar share common technology elements including elevated solar panel structures, sun-tracking systems, and integrated crop management features, but serve as distinct branded offerings. All services are delivered using state-of-the-art proven technologies to produce clean, reliable and affordable power for consumers in Europe and the Americas.

Differentiator

Problem solved

Functional benefit

Brands

• Innofarm PV: Agro-photovoltaic system incorporating suspended solar panels, sun-tracking technology, LED lighting for crop growth, and crop irrigation system attached to solar panels. Italian patent granted.

Products and services

• Innofarm PV An agro-photovoltaic system that enables dual use of farmland for both solar power generation and agriculture. Features include solar panels on innovative tensile structures elevated above ground level, smart LED lighting for supplemental crop growth when natural light is insufficient, and integrated crop irrigation systems connected to the solar panels. The system is the focus of a granted Italian patent protecting its suspended-panel architecture, sun-tracking, shadow management, LED lighting and integrated irrigation.
• Agro-Photovoltaic Solar A solar power solution incorporating patented agro-photovoltaic technology, with solar panels suspended high above agricultural land on robust tensile structures, active shadow management to balance sunlight between panels and crops below, and tracking systems that follow the sun's path to maximise power generation. Designed for utility-scale deployment on farmland where preservation of agricultural use is required alongside solar generation.
• Project Development Services Full project development services for utility-scale solar PV plants, including site identification, feasibility studies, preliminary design, grid connection authorisation, environmental impact assessment, and securing licences and planning permission. TEP reports a 90% success rate in attaining planning permission for projects.
• Project Financing Services Arrangement of equity and debt investment for solar projects at various development stages, providing tailor-made financial solutions, risk mitigation, and connections with UK financial institutions, public and private funds, and investors.
• Full EPC Services Complete Engineering, Procurement and Construction services for utility-scale solar PV plants, including site preparation, civil works, foundations, pile driving, PV module installation, supporting-structure erection, inverter and electrical system installation, power house setup, testing and commissioning, and monitoring and security systems. Also covers EPC for electrical lines and MV/HV substations, and battery supply/installation for grid stabilisation. TEP's construction team has delivered over 650 MW of solar-PV plants.

Quantifiable outcome

• 650 MW of solar-PV plants successfully completed across Europe, Africa and LATAM
• +1 more outcomes

Segments3 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

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Enel Green Power: Global renewable developer and IPP owned by Enel Group, with a multi-GW utility-scale solar and wind pipeline across Europe, the Americas, and Africa. Overlaps with TEP in geographies, customer segments, and utility-scale project development.
• Statkraft: Europe's largest generator of renewable energy, operating across hydro, wind, solar, and grid services. Comparable as a broad incumbent with significant utility-scale solar development activity, particularly following its acquisition of Solarcentury.
• EDF Renewables: Renewables arm of EDF Group, with utility-scale solar, wind, and storage development across Europe, North America, and emerging markets. Comparable as a broad incumbent with overlapping European development pipeline and project finance capabilities.
• ENGIE Renewables: Diversified low-carbon energy major with significant utility-scale solar development, EPC, and asset management capabilities globally. Comparable as a broad incumbent competing for the same utility-scale tenders and corporate PPAs as TEP.
• RWE Renewables: Major European utility with a rapidly growing utility-scale solar, wind, and battery storage pipeline across Europe, the US, and Australia. Competes with TEP for utility-scale solar project sites, offtake contracts, and grid connections.

Direct peers

• Lightsource bp: Global utility-scale solar project developer and IPP active across Europe, the Americas, and Australia. Direct comparable to TEP in project origination, EPC delivery, financing arrangement, and asset management, but at much greater scale and balance-sheet depth.
• BayWa r.e. Developer, EPC contractor, and distributor of renewable energy projects, with a strong utility-scale solar offering alongside wind and energy storage. Comparable to TEP across the full project lifecycle and with similar geographic breadth in Europe and the Americas.
• Sonnedix: Global solar IPP with a multi-GW operating portfolio focused on development, financing, and long-term ownership of utility-scale PV plants. Highly comparable to TEP's development-plus-IPP orientation, with overlap in European project markets.
• Cero Generation: Specialist solar developer backed by Macquarie Asset Management, active across Western and Southern Europe including Italy. Direct peer in utility-scale solar origination, development, and project sales to infrastructure investors.

Emerging players

• NextEnergy Capital: Specialist solar-focused investment manager with development, fund management, and operating capabilities across European utility-scale PV. Comparable to TEP as a focused solar specialist, with deeper capital base via its fund products (e.g., WiseEnergy, Starship).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TepRenewables
• LinkedInlinkedin.com/company/teprenewables

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 TEP Renewables