GREEN ENERGY

GREEN ENERGY SRL operates as an end-to-end service provider in the green energy sector, specializing in the design, procurement, installation, and maintenance of renewable energy solutions, primarily focusing on solar photovoltaic (PV) systems and battery energy storage systems (BESS). The company’s core value proposition lies in delivering integrated energy solutions to industrial clients, ensuring long-term sustainability and operational efficiency.

The company sources its equipment primarily from the United States and China, leveraging relationships with top-tier manufacturers to secure competitive pricing and high-quality components. The procurement process is aligned with project-specific requirements to ensure optimal efficiency, regulatory compliance, and longevity of installations.

A crucial aspect of GREEN ENERGY SRL’s business model is its post-installation support and maintenance services, which were significantly expanded in 2024. The company recognizes that solar panels and battery storage systems have a limited lifespan, with solar panels typically lasting 25–30 years and BESS requiring maintenance and potential replacement every 10–15 years. As the first wave of large-scale renewable energy projects in Italy matures, demand for professional servicing, repairs, and system optimization is expected to grow substantially. GREEN ENERGY SRL has positioned itself in this emerging market, ensuring its clients maximize the efficiency and longevity of their renewable energy assets.

To reduce dependency on new project acquisitions and establish a stable revenue stream, the company has strategically invested in its service and maintenance division. This expansion allows GREEN ENERGY SRL to offer fixed, long-term service contracts, providing financial predictability and ensuring continued engagement with existing clients beyond the installation phase.

The company is led by Bonelli Simone, who has extensive experience in the green energy sector. His industry knowledge and strong professional network have contributed to the company’s rapid growth since its inception. The ability to secure high-profile projects and maintain strong supplier relationships has been a key factor in GREEN ENERGY SRL’s competitive positioning. The company's early financial performance demonstrates the leadership’s capability to navigate market challenges while expanding operations.

Project Design and Engineering

The company provides comprehensive engineering and design services, conducting feasibility studies, energy modeling, and site assessments. The team evaluates factors such as solar irradiance, energy consumption profiles, grid integration potential, and battery storage capacity to develop tailored energy solutions for clients.

Project documentation follows international and national standards, including IEC (International Electrotechnical Commission), ISO 9001 (Quality Management Systems), and CEI (Italian Electrotechnical Committee) regulations. Each project undergoes a rigorous validation process before documentation is submitted to clients. Documentation includes technical specifications, layout drawings, electrical schematics, structural analyses, and grid connection requirements, ensuring full compliance with industry and regulatory standards.

The final project documentation is delivered in digital and physical formats, accompanied by detailed operational manuals and compliance certificates, ensuring seamless integration into the client’s infrastructure. This systematic approach enhances transparency, facilitates project approvals, and allows for efficient implementation by all stakeholders.

Procurement and Installation

GREEN ENERGY SRL is responsible for sourcing and installing key renewable energy components, including:

• Solar panels: Monocrystalline and bifacial PV modules optimized for high efficiency.
• Inverters and power management systems: Advanced inverters ensuring stable and optimized energy conversion.
• Battery storage solutions: Lithium-ion BESS for peak shaving, backup power, and energy management.
• Structural and mounting systems: Custom mounting structures for rooftops, ground-mounted systems, and industrial applications.

In large-scale projects, the company frequently engages subcontractors to optimize costs and execution timelines. These subcontractors specialize in civil engineering, high-voltage grid connections, and structural assembly, ensuring that each component of the project is handled by experts in the respective field. GREEN ENERGY SRL maintains strict quality control and project oversight, ensuring compliance with agreed timelines and performance guarantees.

Additionally, the company often operates as a subcontractor for major construction firms or general contractors who oversee large infrastructure projects. This approach allows GREEN ENERGY SRL to focus on its core expertise—renewable energy solutions—while leveraging the operational and logistical capabilities of larger firms. By positioning itself within this niche, the company maintains a strong market presence while mitigating risks associated with full-scale infrastructure management.

Maintenance, Servicing, and Lifecycle Management

Recognizing the growing need for professional maintenance services in the renewable energy sector, GREEN ENERGY SRL expanded its workforce in 2024 by adding a dedicated service and maintenance team. The team consists of:

• 6 Field Technicians specializing in the servicing of solar PV systems and inverters.
• 4 BESS Specialists focusing on battery diagnostics, capacity restoration, and module replacement.
• 2 Operations Supervisors managing maintenance schedules, ensuring compliance with service agreements, and overseeing safety protocols.

The company offers preventive and corrective maintenance programs, ensuring that energy systems operate at peak efficiency throughout their lifecycle:

• Routine inspections and performance diagnostics: Monitoring degradation rates of solar panels and battery efficiency.
• Thermal imaging and electrical testing: Identifying system inefficiencies and potential faults before failures occur.
• Battery module replacement and refurbishment: Extending the operational lifespan of BESS assets.
• Cleaning and recalibration of PV panels: Maximizing energy yield and preventing efficiency losses due to environmental factors.

The service division operates on long-term contractual agreements, ensuring clients receive continuous operational support and system optimization, while also providing GREEN ENERGY SRL with a stable and recurring revenue model. This shift enhances financial resilience and mitigates the risks associated with fluctuating project-based income.

 

GREEN ENERGY SRL operates under a lean but highly efficient organizational model, ensuring agility in project execution while maintaining high technical standards. The company’s key personnel include:

• Director (Bonelli Simone): Provides overall strategic leadership, secures key contracts, and oversees financial performance.
• Managing Director: Responsible for day-to-day operations, business development, and project oversight.
• Project Manager: Ensures that projects are delivered on time, within budget, and meet client specifications.
• Chief Engineer: Leads the engineering team, supervising system design, technical compliance, and installation quality control.
• Project Engineers (contract-based): Engaged for specific projects to provide specialized expertise in renewable energy design and integration.
• Service and Maintenance Team (hired in 2024): Responsible for ensuring long-term system performance, handling maintenance contracts, and implementing efficiency optimization strategies.

The financial performance of GREEN ENERGY SRL reflects a dynamic growth trajectory supported by strategic investments and operational scaling. This section presents key financial indicators for the period 2021–2024, highlighting trends in revenue, expenses, profitability, and capital expenditures.

Financial Overview

GREEN ENERGY SRL has demonstrated consistent revenue growth, with a significant increase in 2023 and 2024, attributed to project expansion and the introduction of a dedicated service division. However, net profitability declined in 2024 due to substantial reinvestment in infrastructure and operational scaling.

Indicator	2021 (€)	2022 (€)	2023 (€)	2024 (€)
Revenue	8,021,459	3,965,814	10,105,369	11,633,537
Revenue Growth (%)	N/A	-50.57%	154.88%	15.11%
Gross Profit	670,367	379,070	975,096	1,837,023
Gross Profit Margin (%)	8.36%	9.56%	9.65%	15.79%
Net Profit	482,889	267,450	687,197	118,391
Net Profit Margin (%)	6.02%	6.74%	6.80%	1.02%

 

Capital Investment and Expansion

In 2024, GREEN ENERGY SRL made a strategic capital investment of approximately €853,980 to establish a dedicated service division for energy storage system maintenance and solar panel refurbishment. This move was driven by the company’s strategy to reduce reliance on new project acquisitions and create a more predictable, contract-based revenue stream.

The capital investment was allocated to:

• Equipment procurement for diagnostics, repair, and testing of battery energy storage systems (BESS) and solar panels.
• Hiring and training of specialized maintenance personnel, ensuring a skilled workforce for long-term service contracts.
• Infrastructure development, including a dedicated facility for battery testing and solar panel refurbishment.

This investment is expected to stabilize cash flows through long-term maintenance agreements and increase the company’s market competitiveness in renewable energy servicing.

Overview of the Italian and EU Renewable Energy Market

The construction sector in Italy and the European Union (EU) is undergoing a significant transformation, with renewable energy and sustainability initiatives playing a key role in shaping future infrastructure projects. Italy, as one of the leading EU nations in renewable energy adoption, provides a particularly favorable environment for companies like GREEN ENERGY SRL that specialize in solar and battery energy storage systems (BESS).

The renewable energy construction market in Italy is estimated at €35 billion annually, with solar PV and battery storage projects accounting for nearly €12 billion of this total. The EU-wide renewable energy infrastructure market exceeds €200 billion per year, with solar power alone representing over €50 billion. Italy’s share within this market is expected to grow due to favorable policies, energy transition targets, and increasing industrial demand for energy independence.

Market Drivers in Italy

• Government Policies and EU Directives
  • Italy has committed to increasing its share of renewable energy to 30% by 2030, as part of the EU’s Green Deal and Fit for 55 package.
  • The PNRR (Piano Nazionale di Ripresa e Resilienza) allocates billions in funding for energy transition projects, boosting solar infrastructure development and energy storage solutions.
  • Italy's incentives, such as Conto Energia, Superbonus 110%, and tax deductions for renewable energy investments, encourage businesses and industrial facilities to adopt solar and energy storage solutions.
• Industrial Energy Demand and Sustainability Goals
  • Italy’s industrial sector is one of the largest energy consumers in Europe, with steel, automotive, manufacturing, and heavy industries seeking cost-effective and sustainable energy solutions.
  • Many industrial corporations have adopted ESG (Environmental, Social, Governance) commitments, requiring them to reduce carbon footprints and integrate renewable energy sources.
• Infrastructure Expansion and Large-Scale Energy Projects
  • Italy is experiencing a surge in solar farm construction, battery storage deployment, and grid modernization projects.
  • The Italian government has simplified permitting processes for renewable projects, facilitating faster execution of industrial-scale solar and BESS installations.

Key Market Segments for GREEN ENERGY SRL

GREEN ENERGY SRL is well-positioned to serve multiple sectors within the Italian and EU renewable energy market:

1. Industrial and Manufacturing Facilities

• Energy-intensive industries, such as steel production, automotive, and heavy manufacturing, are investing in onsite solar power and battery storage to cut costs and ensure energy stability.
• Current clients in this sector include Danieli & C. Officine Meccaniche, Tenova S.p.A., Interpump Group, Sogefi Group, and IMA Group.

2. Large Construction and Infrastructure Projects

• Italy is home to several large infrastructure developers and EPC contractors who manage multi-million-euro renewable energy projects.
• Current clients in this sector include Salini Impregilo S.p.A., Astaldi S.p.A., and Maire Tecnimont S.p.A..

3. Energy Providers and Grid Operators

• Utility-scale solar farms and battery storage plants are expanding rapidly, requiring expertise in system design, installation, and long-term maintenance.
• Current clients in this sector include Sorgenia S.p.A. and Geotec S.p.A..

4. Logistics and Data Centers

• The expansion of logistics hubs and data centers across Italy and Europe has increased demand for energy-efficient and resilient energy solutions, including solar power integration and backup battery systems.
• Companies in this sector are turning to on-site renewable solutions to meet sustainability goals and reduce operational energy costs.

GREEN ENERGY SRL is pursuing an ambitious growth strategy that focuses on increasing profitability through equipment supply, installation projects, design services, and long-term maintenance contracts. By balancing new projects with recurring revenue streams from servicing agreements, the company aims to strengthen its financial position and ensure sustainable long-term growth.

Revenue Breakdown and Profitability by Segment

Equipment supply represents a significant portion of GREEN ENERGY SRL’s operations, contributing approximately 52% of the company’s revenue. While this segment generates substantial turnover, its profitability remains within a range of 7-11% due to market competition and procurement costs. To mitigate these limitations and improve margins, the company has introduced an extended warranty program. By sourcing only from trusted manufacturers with proven reliability, GREEN ENERGY SRL minimizes the likelihood of early failures. Since most defects occur within standard warranty periods, offering extended coverage incurs minimal risk while creating an additional revenue stream.

The longevity of the supplied equipment further reinforces this strategy. Solar panels have an operational lifespan of 25-30 years, with an annual efficiency degradation of less than 0.5%. Routine maintenance involves cleaning, periodic efficiency testing, and inverter inspections every 6 to 12 months to prevent dust accumulation and energy loss. Battery storage systems function optimally for 10-15 years, provided they undergo regular monitoring, firmware updates, charge cycle balancing, thermal management checks, and deep discharge prevention. Inverters and smart energy management systems last between 8 and 12 years, requiring software diagnostics, circuit inspections, and component replacements every one to two years to ensure continued efficiency. To support these critical operations, GREEN ENERGY SRL has established a dedicated service line, ensuring swift response times, predictive maintenance capabilities, and proactive system optimization, thereby extending equipment lifespan and reducing failure risks for clients.

Installation projects constitute approximately 28-30% of annual revenue and maintain a profitability margin of 22-28%. These services include the deployment of solar energy systems, battery storage integration, and grid connections. Due to the varying nature and geographic dispersion of projects, GREEN ENERGY SRL relies predominantly on subcontractors. This approach allows the company to scale efficiently without maintaining a large in-house construction workforce. To ensure quality control, the company retains an internal engineering team, led by a chief engineer, who supervises all projects and ensures compliance with industry standards.

Engineering and design services form a critical component of the company’s value proposition, accounting for 8-11% of total revenue with the highest profitability among all segments, reaching 45%. This business line encompasses feasibility studies, site assessments, detailed system planning, regulatory documentation, and optimization of energy solutions. Although this service is highly profitable, it is difficult to scale since its primary function is to support installation projects rather than serve as a standalone growth driver.

The maintenance and servicing division, officially launched in 2024, has quickly gained traction, contributing 12% of total revenue. This segment offers the highest profitability, with margins reaching 45%, and is expected to expand significantly in 2025, accounting for 20% of the company’s total turnover. The rising demand for maintenance services presents an opportunity for sustainable long-term growth, particularly as more large-scale renewable energy projects enter operational phases and require ongoing support.

Key Contract for 2025: Acciai Speciali Terni S.p.A.

GREEN ENERGY SRL has secured a Letter of Intent with Acciai Speciali Terni S.p.A., a major steel manufacturing company, to install an advanced energy storage system. This project will enable the client to optimize electricity consumption, reduce peak load demand, and enhance overall grid stability. The contract, valued at €1,946,748, involves the procurement of equipment totaling €1,249,033, with the remaining €697,715 allocated for engineering, installation, and commissioning services.

GREEN ENERGY SRL seeks a loan of 800,000 EUR to finance the acquisition of critical equipment necessary for the execution of its upcoming project with Acciai Speciali Terni S.p.A.. The contract involves the procurement of equipment totaling €1,249,033, with the remaining €697,715 allocated for engineering, installation, and commissioning services.

The requested loan will cover part of the equipment procurement costs, while the remaining amount will be financed through GREEN ENERGY SRL’s financial reserves and the profitability of other ongoing services, ensuring that the project is fully funded without financial delays. As soon as the company secures confirmation of the loan, it will immediately proceed with signing the final contract with Acciai Speciali Terni S.p.A., solidifying its commitment to the project.

To secure the loan of 800,000 EUR, GREEN ENERGY SRL proposes a collateral structure comprising existing service infrastructure, dynamically pledged inventory, and equipment procured within the financed contract. Ownership of these collateral assets will remain with the company until all contractual obligations and client payments are fulfilled.

Service Line Infrastructure:

• GREEN ENERGY SRL possesses a fully operational maintenance and servicing line specializing in the repair and optimization of energy storage systems and solar panels.
• The market liquidation value of this infrastructure is estimated at approximately 550,000 EUR, providing a tangible and high-value collateral component for the loan.

Dynamically Pledged Inventory:

• In 2024, the company sold equipment worth 5.4 million EUR, indicating a steady monthly turnover in supplied equipment.
• Based on this performance, GREEN ENERGY SRL maintains an average of 450,000 EUR in rolling inventory at any given time, which serves as a dynamic form of collateral.
• These inventory assets, while fluctuating, remain a core component of the company’s operations and represent a significant portion of its working capital.

Equipment Procured Under the Financed Contract:

• The loan will partially finance the procurement of energy storage systems for the Acciai Speciali Terni S.p.A. contract.
• The total value of equipment procured under this contract amounts to 1,249,033 EUR.
• Ownership of this equipment remains with GREEN ENERGY SRL until the completion of the contract and the corresponding payments from the client.
• This means the financed assets themselves function as collateral, ensuring that the lender has direct security over tangible and valuable equipment.