Independent power producer GreenGo, based in Bologna, has secured a new 48.05 MW solar tracking project in the Trapani area of Sicily under the FER X NZIA tender. The project, built with European-made components, will receive a guaranteed tariff of €70/MWh granted by Italy’s state-owned energy agency Gestore dei Servizi Energetici (GSE). With this latest award, the company’s total capacity supported by public incentive mechanisms now stands at 193 MW.
GreenGo continues strategy of leveraging public support mechanisms
The FER X NZIA (New Zero-Emission Investment Architecture) programme follows earlier support schemes such as FER 1, transitional FER X, and AgriPV-PNRR, all previously used by GreenGo. During the transitional FER X phase, the company had already secured 101 MWp. Combining wind and solar assets, GreenGo’s public-supported portfolio now ranks among the highest average tariffs in the Italian energy transition landscape.
In the latest FER X NZIA auction round, GreenGo was awarded 3.3% of the 1.1 GW capacity allocated by GSE. The company has adopted a premium bidding strategy aimed at securing attractive project returns and ensuring bankability.
First plants to enter operation next year
GreenGo’s first two solar plants are already completed, with grid connection and commissioning underway. Additional projects will be gradually deployed across multiple Italian regions.
In parallel, GreenGo is advancing a portfolio of 250 MW of ready-to-build (RTB) projects integrating storage systems, supported by hybrid models combining market-based and regulated revenues. The company is increasingly focusing on hybrid solar-battery installations to enhance flexibility and industrial resilience.
Industrial platform entering national expansion phase
GreenGo currently manages a project pipeline of 1.3 GW, with an authorisation success rate exceeding 90%. Growth is driven by both organic expansion and acquisitions. The firm’s goal is to establish a scalable independent power production model combining public support schemes with private mid- and long-term commercial agreements.
Chief Executive Officer Giuseppe Mastropieri stated that the company is at an advanced stage of planning a national sustainable impact investing initiative. This project, under the Energy Release 2.0 programme, aims to aggregate electricity-intensive industrial consumers to increase the share of renewable energy capacity under public support schemes.
