Lazio (central Italy) Hydropower Plant Portfolio, Renewable Energy Platform
Deal ID: SNMG15
Overview - A portfolio of three run-of-river hydropower plants in advanced development stage, positioned as a ready-to-build renewable energy platform. The projects benefit from strong hydrological fundamentals, supported by a ~4,400 km² catchment area and consistent precipitation patterns. Standardized engineering design across all sites enables operational efficiency, while remote monitoring and automation systems support scalable, low-touch management. Each plant utilizes high-efficiency Kaplan turbines with modern control systems (PLC/SCADA), allowing optimized generation and grid responsiveness. With grid connection proximity and approvals largely secured, the portfolio is positioned for streamlined construction and rapid transition to revenue generation under structured tariff support.
Industry: Renewable Energy – Hydropower
Type: Run-of-River Hydro Portfolio (RTB)
Asking Price: €37.5M
TTM Revenue: €6.5M
TTM EBITDA: €5.5M
Annual Production: ~50 GWh
Installed Capacity: 8.77 MW
Feed-in Tariff: €110/MWh
LCOE: €0.1026/kWh
Operations: Semi-passive (automated systems, remote control)
Years in Business: Development Stage Asset
Turnkey: Near-turnkey post-construction
Online Component: Remote monitoring & control systems
Real Estate / FF&E: Infrastructure-based asset (embedded plant equipment & grid interconnection)
Location: Lazio (central Italy)
Growth Opportunities
Significant value creation exists through construction execution and long-term power generation under feed-in tariff structures. Additional upside includes operational optimization, potential refinancing post-stabilization, and portfolio expansion through similar renewable assets. The standardized design reduces capex variability and enables replication or bolt-on acquisitions. Strong ESG alignment enhances institutional appeal and access to green financing.
Exit Advisor Takeaway
This opportunity stands out as a late-stage, infrastructure-grade renewable platform with high projected margins (~85% EBITDA calculated) and predictable revenue via tariff frameworks. The 6.82x EBITDA multiple is attractive relative to stabilized renewable assets, especially given near-term build readiness. With ~50 GWh annual output and modern automation, the portfolio aligns well with passive ownership objectives, offering scalability, downside protection through regulation, and long-term contracted cash flow visibility.
