GreenGo has announced plans to construct approximately 1300MW of new renewable energy projects in Italy, of which it will maintain 100% ownership.

Founded in 2018, GreenGo specializes in designing and constructing innovative co-managed plants. Their upcoming pipeline includes around 880MW dedicated to agri-voltaic projects, wind energy, traditional photovoltaics, and approximately 300MW of battery storage.

Between 2022 and 2023, GreenGo received €22 million from the Eiffel Fund and ended 2023 with around €7 million in revenues. Recently, GreenGo signed a 10-year energy supply agreement with Sasol Italy Spa, the Italian branch of the South African multinational chemicals group Sasol, which operates three production sites in Italy.

The announcement was made by GreenGo CEO Giuseppe Mastropieri at the company’s Bologna headquarters, accompanied by Anna Lisa Boni, councillor for the 2030 Climate Mission of the Municipality of Bologna, and Raffaele Oriani, Rector of the Luiss Business School and Professor of Corporate Finance at LUISS Guido Carli. GreenGo has partnered with these entities on climate commitments and staff training plans.

Mastropieri emphasized the innovative and sustainable nature of their agri-voltaic formula, which reduces crop water requirements and promotes biodiversity. He mentioned, “We are already prepared to start with the construction of 200MW plants. These are the first steps of a roadmap that will take us until 2029 to a park of about 80 plants, both production and storage, totalling about 1.7 GW. We expect to produce about 2.8 GWh of clean energy in 2029, with about 2GWh from plants 100% owned and operated by us.”

The company has tested and studied its agri-voltaic formula in pilot plants in eastern Sicily, in collaboration with the University of Catania. This approach demonstrates that crops under the panels require less irrigation. It also supports the development of biodiversity and utilizes otherwise idle areas for public use.

GreenGo plans to build 13 plants in Emilia-Romagna, each with a capacity of 170MWp. Five of these plants will be in the province of Bologna, with locations in Budrio, Sala Bolognese, and San Giovanni in Persiceto, each producing about 70MWp.

The development plan through 2026 includes more than €300 million in investments, over 200MW of proprietary plants, and significant involvement of local companies. The construction and operation of the new plants are expected to generate 450 jobs nationally.