GreenGo has kicked off a topco equity raise for the business as it looks to accelerate its portfolio build-out.

The Italian IPP together with financial advisor Augusta & Co began circulating teasers to the market in November 2025, and subsequently issued IMs just before the Christmas break, it is understood. First round offers are being requested by early February, according to market sources.

GreenGo is looking to secure in the region of EUR 75m from the equity raise, with proceeds to be used to accelerate construction of its pipeline and its transition into an IPP.

Capital raised will fund the equity capex for circa 600 MW of permitted and late-stage assets by the end of 2028, of which around 100 MW is projected to reach a final investment decision by the end of 2026 and 400 MW is expected to enter operation by the end of 2028.The group’s total pipeline across wind, solar and BESS currently stands at around 1.3 GW.

It is this month also set to launch a financing process for a circa 150 MW tranche of its Italian solar portfolio, having in December secured a 20-year FER X NZIA contract at a rate of around EUR 70 / MWh from Italian energy body the GSE for a 48 MWp solar project in the Trapani region of Sicily, and 20-year Fer-X contracts for a separate 101 MWp portfolio.

GreenGo is looking to reach financial close on the portfolio before the end of 2026, with commissioning of the bulk of the projects to follow in 2027.

The IPP may also look to expand the size of the portfolio to be financed over the coming months – it is currently looking at the potential for securing revenue via Italy’s energy release mechanism.

The group has already partly financed a further 43 MW solar portfolio for which COD is expected by late 2026.

It has a further 250 MW BESS portfolio at the RTB stage, which it is anticipated will generate revenues from a mix of regulated and market-based income streams.