The new Independent Power Producer for the Italian energy transition
GreenGo pursues a unique multi-tech development business model
GreenGo develops utility scale PV plants designed to reach the lowest LCOE and compete in power markets.
GreenGo develops stand-alone storage projects aimed to provide grid services for DSO/TSO and aggregation / balancing services. Projects are equipped with Lithium-ion batteries and sized for specific applications.
GreenGo develops large scale wind farms in areas with outstanding anemometric conditions to reach yields enabling market parity.
GreenGo develops hybrid solar-wind-storage projects aimed to create “independent” production facilities clusters to optimize energy dispatch and provides grid/balancing services to maximize revenues and minimise costs.
About GreenGo
GreenGo, founded in Bologna in 2018 as a start-up, is a company specialising in developing utility-scale RES plants. Led by Giuseppe Mastropieri and driven by a team of high-profile professionals and managers, GreenGo is pursuing its business plan as an IPP (Independent Power Producer).
The collaboration with the Eiffel Essentiel fund, which started in 2022 with a capitalisation of EUR 7 million and renewed with a EUR 15 million equity bridge in 2023, accelerated the company’s growth, now a leading player on the Italian and southern European scene with 50 employees and collaborators, and exclusive agents on the territory.
Since September 2023, GreenGo has resided in the new green hub S/PARK – Sustainability Workplace, located via G. Matteotti 31/2 in Bologna.
FIMM Group
Technical advisory
Market & commercial advisory
Owner’s Engineering
Greenfield proprietary development
Greenfield co-development
Advisory on greenfield projects
Charging Point Operator
Solar carports
Asset & Facility management
2018
Incorporation
GreenGo is founded by a group of recognised professionals in the RES sector.
1st Co-dev Execution
GreenGo starts contributing to the energy transition.
10 Employee Milestone
Structuring the team for future developments.
Last co-dev
GreenGo is ready to be an independent RES developer.
2022
Principal development
7m€ equity raise by Eiffel Essentiel boosts GreenGo’s growth.
1st Co-dev RTB
Proving reliability and efficacy on the market.
Equity Bridge Execution
15m€ equity bridge by Eiffel Essential to support the IPP business plan.
1st Proprietary RTB
Proving readiness and maturity to face the upcoming developments.
30 Employee Milestone
Now the team is ready for the next chapter.
First PPA Execution
10-year-long agreement with Sasol Italy
First FiT
Proving a diverse commercial strategy
2024
IPP Strategy
GreenGo is ready to become an IPP.
IPP Launch
GreenGo’s IPP business plan into action.
Project SPRING Financial Close
42M€ project financing by Intesa San Paolo for the construction of the first plants.
2025
40 MW Project SPRING construction
The first SPRING batch of 5 projects starts the construction phase.