Ef Solare Italia exceeds 500 million revenue

Ef Solare Italia exceeds 500 million in revenues for the first time, with a net profit of over 80 million euros at consolidated level. This is certified by the 2024 financial statements of the company 70% controlled by the F2i fund, which has been involved in photovoltaics for over 15 years, in Italy and Spain. "It is a result that has matured through an organic process," says CEO Andrea Ghiselli: "The installed base has increased, as has the producibility, thanks to the revamping and efficiency improvement activities of the plants. We have carried out very prudent price management. In addition, we have grown in terms of expertise: in 2024 we acquired Scs Ingegneria, a historical reality of renewables in Italy'.

The company in our country has 885 MW of operational plants, 80 of which were revamped last year, and 1 GW in pipeline. "We see agri-voltaics with interest. With the first generation, which used greenhouses, we now have more than 30 MW of plants producing citrons, oranges, lemons. With the new generation, which integrates trackers, double-sided panels, and sensors, it is easier to manage agriculture in the open field,' Ghiselli continues. 'In 2023, in collaboration with Enea, we will start up an experimental plant in Scalea (Cosenza) that will also include water desalination. On 26 May, we will present another advanced agrivoltaic project in Ora (Bolzano): a small 70 kW plant that is being installed above an existing apple orchard and for which we have involved producers of both photovoltaic panels and trackers to make them functional for that type of crop'.

For 2025, Ghiselli expects a positive development in production. Furthermore, he believes 'that the market conditions that occurred on 1-2 May in the Italian electricity market, which included predominantly zero prices for a few hours, are a sporadic phenomenon for Italy. In any case, there are tools put in place by the government, such as the capacity market or Terna's Macse (Forward Storage Market, ndr), which have no equal in Europe, that can lay the foundations for stabilisation'. The CEO of Ef Solare Italia views the development of the Italian regulatory framework favourably: 'The sooner it is completed, the better. Fer x, Fer z, Energy Release, contracts for difference: these are all instruments that open up a medium-term perspective on prices in the renewables market'.

And on the acquisition of Sorgenia by F2i Ghiselli comments: 'It is a very interesting industrial project, because in the future it will be important to have a combination of production from different energy sources.