ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.
Alerion Clean Power S.p.A. (in forma abbreviata Alerion S.p.A.) is an Italian joint-stock company (società per azioni) registered with the Registro delle Imprese di Milano under number 02996890584 (VAT/partita IVA IT01147231003), with its registered office at Via Renato Fucini 4, 20133 Milan. Its ordinary shares (ISIN IT0004720733) are listed on Euronext Milan, the market operated by Borsa Italiana, and the company is subject to disclosure obligations under CONSOB rules in addition to Italian company-registry requirements.
Alerion Clean Power S.p.A. operates as an independent power producer, developing, building and running wind farms, photovoltaic plants and, to a lesser extent, biomass and hydroelectric facilities in Italy, Spain, Ireland, the United Kingdom and Romania. At the end of 2024 the group’s fully consolidated generation portfolio had a gross installed capacity of about 946 MW and produced roughly 1,307 GWh of electricity, alongside a development pipeline of about 800 MW of additional wind and solar projects in Italy and Romania.
The company’s corporate history traces to a company named Fincasa 44 S.p.A., constituted in Milan on 5 December 1977 and listed on the Milan stock exchange from 1992. Following a capital increase completed on 28 February 2003, the company was renamed Alerion Industries S.p.A.; an extraordinary shareholders’ meeting on 29 April 2009 changed the name to its current form, Alerion Clean Power S.p.A., reflecting the group’s shift toward renewable generation. The stored incorporation date on this profile (2 January 2003) does not match the company’s own filed registration document and should not be relied upon; the verified dates are those set out above.
For the 2024 financial year, the group reported adjusted consolidated revenues of EUR 243.6 million (2023: EUR 187.8 million) and adjusted consolidated EBITDA of EUR 188.4 million (2023: EUR 138.3 million); these are group-level, IFRS-adjusted measures and not standalone results of the legal entity. Net financial indebtedness stood at EUR 533.8 million at 31 December 2024, and the board guided for adjusted EBITDA of about EUR 200 million in 2025.
On 12 November 2024, Alerion Clean Power S.p.A. signed an agreement with Alperia Green Power S.r.l., a wholly owned subsidiary of Alperia S.p.A., to sell a 50% stake in a joint-venture vehicle (“Naonis”) holding a roughly 120 MW portfolio of wind assets in Apulia, for a price of EUR 49.7 million — the company’s first disposal of this “equity recycling” type, intended to support further development of its project pipeline.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
5
Shareholders of Alerion Clean Power S.p.A.
Alerion Clean Power S.p.A. is a listed company and, as such, publishes only shareholdings that reach the statutory disclosure thresholds under Italian and EU securities law, not a complete shareholder register. The dominant disclosed shareholder is Fri-El Green Power S.p.A., an Italian renewable-energy holding company based in Bolzano, which Borsa Italiana’s company profile and CONSOB’s major-shareholdings disclosure (data referenced to 8 October 2024, retrieved 25 September 2026) report as holding approximately 88.38% of Alerion’s share capital. Fri-El Green Power has been Alerion’s reference shareholder since at least 2018 and became its controlling shareholder following a 2017 voluntary tender offer, after which its stake rose from an initial approximately 29.4% of capital to approximately 84%, subsequently increasing further to the level reported above. A capital increase resolved by Alerion in 2025/2026, if fully subscribed by other investors, would be expected to dilute Fri-El Green Power’s stake to approximately 80.3% of capital while it remains the controlling shareholder; this is a prospective change noted for context only and is not yet confirmed as completed.
The internal company-data feed used to populate this profile separately lists five institutional holdings (index and dividend-focused funds managed by Schwab, WisdomTree and Vanguard, dated 4 September 2026) whose stated percentages sum to well over the roughly 11.6% free float implied by Fri-El Green Power’s stake. These figures do not reconcile with Alerion’s actual free float and are assessed to represent each fund’s share within a limited internal sample of tracked holders rather than a genuine percentage of Alerion’s issued share capital. One of the five records (a WisdomTree fund) is also incorrectly typed as a “Person” rather than as a fund/nominee, a known data-quality issue in this feed. These five records are therefore not presented as reliable ownership percentages in this profile.
Ultimate beneficial ownership
No natural person is confirmed as an ultimate beneficial owner of Alerion Clean Power S.p.A. by any authoritative filing located in this research, and no complete ownership chain with reportable percentages was available to calculate an effective UBO percentage. Fri-El Green Power S.p.A. is itself privately held; Italian business press covering the wider Fri-El group describes it as controlled by the Gostner family of Bolzano/South Tyrol, without disclosing individual shareholding percentages within Fri-El Green Power. This should be treated as unverified for UBO purposes rather than as a confirmed beneficial-ownership finding.
Data availability
Shareholder disclosure for Alerion Clean Power S.p.A. is Major shareholders only: Italian/EU rules require public disclosure of holdings above statutory thresholds rather than a full shareholder register, so minority and retail holdings are not individually identifiable. The five fund-level records supplied by the internal data provider are not usable as reliable ownership percentages for the reasons explained above.
Sources
- Borsa Italiana, company profile for Alerion Clean Power S.p.A. (ISIN IT0004720733) — https://www.borsaitaliana.it/borsa/azioni/profilo-societa-dettaglio.html?isin=IT0004720733&lang=en (retrieved 25 September 2026)
- CONSOB, “Alerion Clean Power SpA – Azionariato” — https://www.consob.it/web/consob-and-its-activities/w/alerion-clean-power-spa-azionariato (data referenced 8 October 2024)
- Alerion Clean Power S.p.A., Documento di Registrazione filed with CONSOB, approved 14 June 2018 — https://www.alerion.it/wp-content/uploads/2025/04/009-Alerion-Clean-Power-S.p.A.-Documento-di-Registrazione.pdf (retrieved 25 September 2026)
- Il Sole 24 Ore, reporting on the 2017 Fri-El Green Power tender offer for Alerion Clean Power — https://www.ilsole24ore.com/art/fri-el-ingaggia-bpm-l-opa-alerion-pronto-prestito-74-milioni-AEhGFutC (retrieved 25 September 2026)
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| Vanguard International Stock Index-Total Intl Stock Indx | 19.8% | ||
| WisdomTree Tr-WisdomTree International Small Cap Dividend Fd | 7.8% | ||
| WisdomTree Tr-WisdomTree Europe Small Cap Dividend Fd | 5.6% | ||
| Schwab Strategic Tr-Schwab International Small Cap Equity ETF | 3.1% | ||
| WisdomTree Tr-WisdomTree Dynamic Currency Hedged Intl Small Cap Equity | 1.4% |
Officers
5
Directors and officers of Alerion Clean Power S.p.A.
Alerion Clean Power S.p.A.’s official governance page (retrieved 25 September 2026) lists a current Board of Directors of ten members and a three-member Board of Statutory Auditors. Executive roles are held by Josef Gostner (Chairman and Chief Executive Officer), Stefano Francavilla (Deputy Chairman and Co-CEO), Patrick Pircher (Co-CEO and Director) and Pietro Mauriello (Chief Operating Officer and Director), with Andrea Bruno serving as board Secretary. Non-executive members shown on the same page include Loredana Conidi (President of the Board), Antonia Coppola, Carlo Dalladio, Elisabetta Salvani and Germana Cassar. The Board of Statutory Auditors (Collegio Sindacale) comprises Alessandro Cafarelli, Paolo Corti and Carlo Dalladio. No source reviewed discloses these individuals’ nationality, appointment dates or resignation dates; where a country is recorded against an officer it is a correspondence-address country (Italy), which is not evidence of nationality or residence.
Data availability
Officer information for Alerion Clean Power S.p.A. is Partial: the internal data feed used to populate this profile lists only five officers (Josef Gostner, Patrick Pircher, Stefano Francavilla, Pietro Mauriello and Andrea Bruno), corresponding to only the executive core of the current board. It omits five further non-executive directors and the full Board of Statutory Auditors shown on the company’s own governance page, and should be treated as an incomplete, page-one-style extract rather than the full board. Nationality is not disclosed in any source reviewed; correspondence-country data must not be read as nationality or residence.
Sources
- Alerion Clean Power S.p.A., Governance — https://www.alerion.it/en/governance/ (retrieved 25 September 2026)
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
Group Structure
Group structure of Alerion Clean Power S.p.A.
Alerion Clean Power S.p.A. is not an independent company: it is majority-controlled by Fri-El Green Power S.p.A. (Bolzano, Italy), which Alerion’s own 2018 CONSOB-filed registration document identifies as its “azionista di riferimento” (reference shareholder) and which currently holds approximately 88.38% of Alerion’s share capital (see Shareholders block). No entity has been identified in this research with a verified controlling stake in Fri-El Green Power S.p.A. itself, so Fri-El Green Power is treated here as both the immediate and the highest identifiable ultimate corporate parent.
Below Alerion, the internal corporate-linkage dataset (retrieved 25 September 2026) shows approximately 32 directly held and a further 12 indirectly held subsidiaries, almost all single-asset wind, solar or biomass project companies (“SPVs”) incorporated in Italy, together with a small number of holding entities in Spain (Alerion Spain, S.L.; Alerion Iberia, S.L.), Ireland (Alerion Ireland Limited) and the United Kingdom (Alerion UK Limited and one further UK subsidiary). This scale is broadly consistent with Alerion’s reported generation portfolio of about 946 MW of gross consolidated capacity at year-end 2024. The same dataset also lists numerous other companies sitting elsewhere in the wider structure under Fri-El Green Power — including further renewable-energy project companies and businesses unrelated to power generation, such as an aviation group and an airport-services company. These are sister companies of Alerion under the same ultimate parent, not subsidiaries of Alerion itself; Alerion’s own CONSOB filings explicitly note that Fri-El group companies outside the “Gruppo Alerion” operate in the same sector without forming part of it, and this profile does not present them as Alerion subsidiaries.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Fri-El Green Power S.p.A. | IT | IT01533770218 | Immediate and ultimate parent | Approx. 88.38% of share capital | Active | 2024-10-08 (retrieved 2026-09-25) |
| Alerion Spain, S.L. | ES | ESB67364885 | Direct subsidiary | Ownership percentage not disclosed | Active (per dataset) | 2026-09-25 |
| Alerion Iberia, S.L. | ES | ESB67618934 | Direct subsidiary | Ownership percentage not disclosed | Active (per dataset) | 2026-09-25 |
| Alerion Ireland Limited | IE | IE745395 | Direct subsidiary | Ownership percentage not disclosed | Active (per dataset) | 2026-09-25 |
| Alerion UK Limited (with one indirect UK subsidiary, Pennant Walters (Foelt) Limited) | GB | GB14239169 | Direct subsidiary (with an indirect subsidiary below it) | Ownership percentage not disclosed | Active (per dataset) | 2026-09-25 |
| Approx. 28 further wind, solar and biomass project companies, including Alerion Servizi Tecnici e Sviluppo S.r.l. (ASTS), FW Holding S.r.l. and Fri-El Solar S.r.l. and their own project-company subsidiaries | IT | Various (listed individually in the structured dataset) | Direct and indirect subsidiaries | Ownership percentage not disclosed | Active (per dataset) | 2026-09-25 |
Recent structural changes
- 12 November 2024 — Alerion Clean Power S.p.A. signed an agreement to sell a 50% stake in the “Naonis” joint-venture vehicle (holding a roughly 120 MW Apulian wind-farm portfolio) to Alperia Green Power S.r.l., a wholly owned subsidiary of Alperia S.p.A., for EUR 49.7 million, as its first “equity recycling” disposal (source: Alerion 2024 results press release, 13 March 2025).
Data availability
Group-structure information for Alerion Clean Power S.p.A. is Partial: the parent relationship with Fri-El Green Power S.p.A. is independently verified against Borsa Italiana/CONSOB disclosures and Alerion’s own CONSOB-filed registration document, and the overall scale of the subsidiary portfolio is broadly corroborated by the capacity figures in Alerion’s 2024 results press release. However, individual project-company ownership percentages are not disclosed in the sources reviewed, dozens of single-purpose subsidiaries are summarised by category rather than listed individually, and the wider internal dataset mixes Alerion’s own subsidiaries with unrelated sister companies under the same ultimate parent that have no verified corporate link to Alerion itself.
Sources
- Alerion Clean Power S.p.A., Documento di Registrazione filed with CONSOB — https://www.alerion.it/wp-content/uploads/2025/04/009-Alerion-Clean-Power-S.p.A.-Documento-di-Registrazione.pdf (retrieved 25 September 2026)
- Borsa Italiana, company profile — https://www.borsaitaliana.it/borsa/azioni/profilo-societa-dettaglio.html?isin=IT0004720733&lang=en (retrieved 25 September 2026)
- Alerion Clean Power S.p.A., press release “Strong growth in 2024” — https://www.alerion.it/wp-content/uploads/2025/04/Alerion_Results_2024.pdf (13 March 2025, retrieved 25 September 2026)
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
FRI-EL GREEN POWER SPA
Italy
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Frequently Asked Questions
What does ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A. do?
Alerion Clean Power S.p.A. is an Italian renewable-energy independent power producer that develops, builds and operates wind, solar and biomass generation plants in Italy, Spain, Ireland, the United Kingdom and Romania, with about 946 MW of gross consolidated capacity at the end of 2024.
Who owns ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.?
Fri-El Green Power S.p.A. is Alerion's reference and controlling shareholder, reported to hold approximately 88.38% of Alerion's share capital per the most recent CONSOB/Borsa Italiana disclosure reviewed (data referenced 8 October 2024); other disclosed holdings are limited to statutory-threshold notifications, not a full shareholder register.
Who is ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.'s UBO (Ultimate Beneficial Owner)?
No natural-person ultimate beneficial owner of Alerion Clean Power S.p.A. is confirmed by any authoritative filing located in this research. Fri-El Green Power S.p.A., the controlling shareholder, is privately held and reported in Italian business press to be controlled by the Gostner family, but no filing discloses individual ownership percentages within Fri-El Green Power itself, so no effective UBO percentage can be calculated.
Is ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A. still an active company?
ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.'s status is listed as active.
When was ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A. incorporated?
ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A. was incorporated on 2 January 2003.
What is ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.'s registered address?
The registered address on file for ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A. is Milano, Italy.
What legal structure is ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A. registered as?
ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A. is registered as a Public Limited Company in Italy.
What is ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.'s revenue?
For the 2024 financial year Alerion reported adjusted consolidated revenues of EUR 243.6 million and adjusted consolidated EBITDA of EUR 188.4 million, up from EUR 187.8 million and EUR 138.3 million respectively in 2023 (group-level, IFRS-adjusted measures).
Is ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A. listed on a stock exchange?
Alerion Clean Power S.p.A. (ISIN IT0004720733) is listed on Euronext Milan, the market operated by Borsa Italiana, and files periodic disclosures with CONSOB.
Who are the officers/directors of ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.?
Alerion's current board is chaired by Josef Gostner (Chairman and CEO), with Stefano Francavilla as Deputy Chairman and Co-CEO, Patrick Pircher as Co-CEO and Director, Pietro Mauriello as COO and Director, and Andrea Bruno as board Secretary, alongside five further non-executive directors and a three-member Board of Statutory Auditors shown on the company's own governance page.
Does ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A. have a parent company or subsidiaries?
Alerion Clean Power S.p.A. is majority-controlled by Fri-El Green Power S.p.A. and itself holds a portfolio of roughly 44 direct and indirect wind, solar and biomass project subsidiaries in Italy, Spain, Ireland and the United Kingdom; individual subsidiary ownership percentages are not disclosed in the sources reviewed.
Can Zavia monitor changes to ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.'s ownership over time?
This profile reflects a point-in-time snapshot. Zavia's monitoring API can track changes to ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Italy, so records like ALERION CLEAN POWER S.P.A. IN FORMA ABBREVIATA ALERION S.P.A.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.