With extensive international experience as an asset manager and now co-founder of TAKUU CONSULTING, Giorgio Bonamini answers our questions about the present and future of the photovoltaic market.
Giorgio, after a long experience in the renewable energy sector, you decided to start your own consulting firm. What was the spark that drove you to take this step?
After nearly ten years in the renewable energy sector, I have developed a deep understanding of the management and optimization of photovoltaic assets. The decision to found TAKUU CONSULTING stemmed from the desire to offer a highly specialized service, capable of responding to evolving market needs. Together with Alejandro Invernon Iglesias, co-founder of TAKUU, we recognized that the sector was reaching a stage of maturity, where professional management of existing and future assets is essential to ensuring performance and value over time. Our many years of experience allow us to offer innovative and customized solutions for every client.
What is the mission of your new company and which market players does it mainly address?
TAKUU CONSULTING’s mission is to maximize the value of our clients’ renewable assets, managing them with the same care, responsibility, and strategic vision we would dedicate to our own plants. We offer transparent and independent asset management services, integrating technical, financial, and operational expertise to optimize performance, costs, and processes throughout the plant’s lifecycle.
We primarily serve institutional investors, IPPs, and investment funds, supporting their internal asset management teams with flexible and scalable solutions, both during ordinary management phases and in the context of extraordinary transactions or portfolio consolidation. We also work alongside owner communities and local consortia, offering professional tools to enhance plant value, simplify governance, and improve long-term profitability.
Asset management in the photovoltaic sector is a strategic area, yet often undervalued. What does the added value of proper asset management actually translate into?
Professional photovoltaic asset management maximizes plant profitability by ensuring control over O&M operations, aligning revenues with actual production, and optimizing costs through supplier synergies. Furthermore, active management of PPAs and storage systems mitigates market risks and maximizes asset value even in complex scenarios. A strategic approach to asset management translates into greater efficiency, reliability, and economic sustainability of photovoltaic plants.
You have had direct experience in several European markets: what, in your opinion, are the main differences between Italy and Spain in terms of their approach to photovoltaics and the maturity of the operators?
Over the years, I have worked extensively in both markets, allowing me to observe firsthand how Italy and Spain have developed and consolidated their position in the photovoltaic sector. While both countries are clearly committed to the energy transition, their approaches are different, both regulatoryly and operationally.
In the case of Spain, growth has been very rapid in recent years. The expansion of installed capacity—over 35 GW through 2024—and the proliferation of PPAs with large companies like Amazon are evidence of this. This dynamic has been made possible by the presence of utilities with strong execution capacity. I have also seen how the abolition of the “sol tax” in 2018 represented a major turning point, and how many processes have since been streamlined. However, challenges remain: the regulatory framework is advancing, but there are significant delays in storage permits and grid adaptation, especially for large-scale projects. The recent Royal Decree 7/2025 seeks to correct this situation, but its implementation is still too recent to assess its results.
On the other hand, Italy has a more consolidated path. The experience gained during the Conto Energia period is reflected in operators with a strong technical culture and a rigorous approach to regulatory management. However, I have observed that the development of new projects is faced with more complex authorization processes, primarily due to the lack of harmonization between the state and regional levels, and landscape restrictions in some areas.
In short, these are two markets with complementary strengths: one more institutional and technical, the other more dynamic and scale-oriented. Having worked in both allows me to understand these differences and apply the best of each approach in the solutions we offer at TAKUU.
In Italy, there’s growing talk of repowering and revamping. Is this really the new frontier, or are we underestimating other emerging assets or dynamics?
Repowering and revamping are essential today to leverage existing assets, but the real frontier lies in the development of hybrid systems, integrating photovoltaic, wind, and energy storage systems (BESS). Market evolution, with increasing curtailment and the growing share of renewables, requires cross-functional skills and advanced management of new revenue stacking models. TAKUU CONSULTING supports clients in this transition, offering tailored technical and strategic advice.
How do you see the role of technical and strategic consulting in photovoltaics evolving over the next five years? Will there be more room for independent, specialized operators like you?
Over the next five years, technical and strategic consulting in the photovoltaic sector will be increasingly in demand, especially for the management of PPAs and storage systems. The growth of renewable assets and the complexity of new business models will make it essential to rely on independent and highly specialized partners like TAKUU CONSULTING, capable of offering customized, flexible, and, above all, rapid solutions.
What advice would you give to a young professional who wants to enter the world of photovoltaics and asset management today?
Photovoltaics is a rapidly expanding sector, offering many real opportunities for those who are eager to learn. My advice is to build cross-disciplinary skills: thoroughly understand both the technical and economic-financial aspects. Asset management, in particular, gives you a comprehensive view of how a system actually works and what it takes to make it profitable over time. It’s a dynamic, concrete field, where you work on real problems and where you can grow quickly, especially if you have a practical, results-oriented approach.
