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    510 kW Hydroelectric Power Plant

    Description

    L#20261218
    An integrated analysis of the technical specifications, eleven-year energy generation records, and financial statements outlines a run-of-river hydroelectric facility characterized by high operating margins, operational resilience, and long-term regulatory protection.

    1. Technical Profile & Concession Framework

    • Location & Watercourse: River XXXXXXX, Piedmont Region.
    • Land Ownership: Fully owned property.
    • Construction Timeline: Works began in March 2013; construction was completed and commercial operations commenced in 2013/2014.
    • Capacity & Machinery:
      • Installed Generator Capacity: 510 kW (manufactured by Electro Adda SpA).
      • Concession Capacity: 393 kW.
      • Turbine Equipment: Two (2) Kaplan turbines supplied by Hydro Energia.
      • Design Discharge: 15 m³/s per turbine (30 m³/s total maximum flow).
      • Hydraulic Head: 2.80 m.
    • Regulatory & Concession Timelines:
      • GSE Feed-in Tariff (Tariffa Onnicomprensiva): Guaranteed feed-in tariff of €0.219 / kWh running through September 14, 2034 (approximately 8 years of guaranteed subsidized revenues remaining).
      • Water Derivation Concession: Concession expires on June 11, 2040 (approximately 14 years remaining).

    2. Operational & Financial Performance Summary (2015–2025)

    Key Performance Indicator 11-Year Cumulative Total Annual Average Historical Low (Year) Historical High (Year)
    Electricity Generation
    27,164,677 kWh
    2,469,516 kWh
    1,197,964 kWh (2022)
    3,478,239 kWh (2024)
    Equivalent Full-Load Hours (at 393 kW) 69,121 hours 6,284 hours/year 3,048 hours (2022) 8,850 hours (2024)
    Gross Revenue (GSE Tariff)
    €5,851,687.05
    €531,971.55
    €257,947.50 (2022)
    €750,351.36 (2024)
    Operating Costs (OPEX)
    €1,412,656.76
    €128,423.34
    €67,601.77 (2015)
    €219,950.41 (2020)
    Operating Profit (Revenue − OPEX)
    €4,439,030.29
    €403,548.21
    €108,451.93 (2023)
    €636,142.03 (2024)
    Weighted Operating Margin
    75.9%
    73.4% (arithmetic)
    38.0% (2023)
    88.8% (2015)
    Unit Operating Cost (OPEX / kWh) €0.052 / kWh €0.058 / kWh €0.024 / kWh (2015) €0.136 / kWh (2023)

    3. Annual Operational and Financial Ledger (2015–2025)

    Year Generation (kWh) PRODUZIONI CENTRALE (xxxxx)  Revenue (€) RICAVI (xxxxx) Management Costs (€) RICAVI (xxxxx)  Water Concession Fees (€) RICAVI (xxxxx)  Other Costs & Expenses (€) RICAVI (xxxxx)  Total OPEX (€) RICAVI (xxxxx)  Operating Margin (€) RICAVI (xxxxx) Margin (%) RICAVI (xxxxx)
    2015
    2,819,258
    605,487.74
    47,894.20
    16,395.96
    3,311.61
    67,601.77
    537,885.97
    88.8%
    2016
    2,027,190
    436,327.07
    82,971.67
    16,538.54
    8,212.71
    107,722.92
    328,604.15
    75.3%
    2017
    1,819,266
    391,149.46
    58,920.90
    16,670.89
    11,407.23
    86,999.02
    304,150.44
    77.8%
    2018
    2,608,331
    560,783.19
    80,165.23
    16,933.54
    27,007.22
    124,105.99
    436,677.20
    77.9%
    2019
    2,408,867
    517,763.98
    99,189.41
    17,110.54
    31,647.52
    147,947.47
    369,816.51
    71.4%
    2020
    3,148,017
    675,802.88
    180,010.68
    17,263.91
    22,675.82
    219,950.41
    455,852.47
    67.5%
    2021
    2,960,853
    638,539.79
    86,277.38
    17,338.91
    21,970.20
    125,586.49
    512,953.30
    80.3%
    2022
    1,197,964
    257,947.50
    68,527.75
    17,621.96
    14,653.62
    100,803.33
    157,144.17
    60.9%
    2023
    1,297,811
    285,562.69
    136,560.28
    18,277.96
    22,272.52
    177,110.76
    108,451.93
    38.0%
    2024
    3,478,239
    750,351.36
    74,150.31
    18,962.19
    21,096.83
    114,209.33
    636,142.03
    84.8%
    2025
    3,398,881
    732,985.39
    102,849.68
    19,256.19
    18,493.60
    140,599.47
    592,385.92
    80.8%
    TOTAL
    27,164,677
    €5,851,687.05
    €1,017,537.49
    €192,370.39
    €202,748.88
    €1,412,656.76
    €4,439,030.29
    75.9%
    Note: The “Other Costs & Expenses” column combines Occasional Compensations (€24,375.00 total), Mileage Reimbursements (€177,195.56 total), and ARERA Regulatory Contributions (€1,178.32 total).

    Basic Details

    Target Price:

    EUR 4,500,000

    Gross Revenue

    €732,985

    EBITDA

    €592,385

    Business ID:

    L#20261218

    Country

    Italy

    Detail

    Business ID:L#20261218
    Property Type:Renewable Energy - Hydropower
    Property Status:For Sale
    Target Price: EUR 4,500,000
    Gross Revenue:EUR 732,985
    EBITDA:EUR 592,385
    Target Price / Revenue:6.14x
    Target Price / EBITDA:7.6x
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      Published on November 3, 2026 at 1:01 pm. Updated on November 3, 2026 at 1:18 pm

      An integrated analysis of the technical specifications, eleven-year energy generation records, and financial statements outlines a run-of-river hydroelectric facility characterized by high operating margins, operational resilience, and long-term regulatory protection.

      1. Technical Profile & Concession Framework

      • Location & Watercourse: River XXXXXXX, Piedmont Region.
      • Land Ownership: Fully owned property.
      • Construction Timeline: Works began in March 2013; construction was completed and commercial operations commenced in 2013/2014.
      • Capacity & Machinery:
        • Installed Generator Capacity: 510 kW (manufactured by Electro Adda SpA).
        • Concession Capacity: 393 kW.
        • Turbine Equipment: Two (2) Kaplan turbines supplied by Hydro Energia.
        • Design Discharge: 15 m³/s per turbine (30 m³/s total maximum flow).
        • Hydraulic Head: 2.80 m.
      • Regulatory & Concession Timelines:
        • GSE Feed-in Tariff (Tariffa Onnicomprensiva): Guaranteed feed-in tariff of €0.219 / kWh running through September 14, 2034 (approximately 8 years of guaranteed subsidized revenues remaining).
        • Water Derivation Concession: Concession expires on June 11, 2040 (approximately 14 years remaining).

      2. Operational & Financial Performance Summary (2015–2025)

      Key Performance Indicator 11-Year Cumulative Total Annual Average Historical Low (Year) Historical High (Year)
      Electricity Generation
      27,164,677 kWh
      2,469,516 kWh
      1,197,964 kWh (2022)
      3,478,239 kWh (2024)
      Equivalent Full-Load Hours (at 393 kW) 69,121 hours 6,284 hours/year 3,048 hours (2022) 8,850 hours (2024)
      Gross Revenue (GSE Tariff)
      €5,851,687.05
      €531,971.55
      €257,947.50 (2022)
      €750,351.36 (2024)
      Operating Costs (OPEX)
      €1,412,656.76
      €128,423.34
      €67,601.77 (2015)
      €219,950.41 (2020)
      Operating Profit (Revenue − OPEX)
      €4,439,030.29
      €403,548.21
      €108,451.93 (2023)
      €636,142.03 (2024)
      Weighted Operating Margin
      75.9%
      73.4% (arithmetic)
      38.0% (2023)
      88.8% (2015)
      Unit Operating Cost (OPEX / kWh) €0.052 / kWh €0.058 / kWh €0.024 / kWh (2015) €0.136 / kWh (2023)

      3. Annual Operational and Financial Ledger (2015–2025)

      Year Generation (kWh) PRODUZIONI CENTRALE (xxxxx)  Revenue (€) RICAVI (xxxxx) Management Costs (€) RICAVI (xxxxx)  Water Concession Fees (€) RICAVI (xxxxx)  Other Costs & Expenses (€) RICAVI (xxxxx)  Total OPEX (€) RICAVI (xxxxx)  Operating Margin (€) RICAVI (xxxxx) Margin (%) RICAVI (xxxxx)
      2015
      2,819,258
      605,487.74
      47,894.20
      16,395.96
      3,311.61
      67,601.77
      537,885.97
      88.8%
      2016
      2,027,190
      436,327.07
      82,971.67
      16,538.54
      8,212.71
      107,722.92
      328,604.15
      75.3%
      2017
      1,819,266
      391,149.46
      58,920.90
      16,670.89
      11,407.23
      86,999.02
      304,150.44
      77.8%
      2018
      2,608,331
      560,783.19
      80,165.23
      16,933.54
      27,007.22
      124,105.99
      436,677.20
      77.9%
      2019
      2,408,867
      517,763.98
      99,189.41
      17,110.54
      31,647.52
      147,947.47
      369,816.51
      71.4%
      2020
      3,148,017
      675,802.88
      180,010.68
      17,263.91
      22,675.82
      219,950.41
      455,852.47
      67.5%
      2021
      2,960,853
      638,539.79
      86,277.38
      17,338.91
      21,970.20
      125,586.49
      512,953.30
      80.3%
      2022
      1,197,964
      257,947.50
      68,527.75
      17,621.96
      14,653.62
      100,803.33
      157,144.17
      60.9%
      2023
      1,297,811
      285,562.69
      136,560.28
      18,277.96
      22,272.52
      177,110.76
      108,451.93
      38.0%
      2024
      3,478,239
      750,351.36
      74,150.31
      18,962.19
      21,096.83
      114,209.33
      636,142.03
      84.8%
      2025
      3,398,881
      732,985.39
      102,849.68
      19,256.19
      18,493.60
      140,599.47
      592,385.92
      80.8%
      TOTAL
      27,164,677
      €5,851,687.05
      €1,017,537.49
      €192,370.39
      €202,748.88
      €1,412,656.76
      €4,439,030.29
      75.9%
      Note: The “Other Costs & Expenses” column combines Occasional Compensations (€24,375.00 total), Mileage Reimbursements (€177,195.56 total), and ARERA Regulatory Contributions (€1,178.32 total).

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