ITP Development
About ITP Development
ITP Development is a company based in Canberra (Australia) was acquired by EDP Renewables in January 2024.. ITP Development offers products and services including Merino Solar Farm and Orange Community Renewable Energy Park. ITP Development operates in a competitive market with competitors including Ciel & Terre, Soltec, Ocean Sun, QuantSolar and Sunlit Sea, among others.
- Headquarter Canberra, Australia
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
EDP Renewables
(Jan 29, 2024)
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Products & Services of ITP Development
ITP Development offers a comprehensive portfolio of products and services, including Merino Solar Farm and Orange Community Renewable Energy Park. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Produces 530 MW of energy with 1200 MWh battery storage.
6.8 MWp solar system with 10.5 MWh energy storage.
Funding Insights of ITP Development
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ITP Development
ITP Development has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include EDP Renewables. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Generation of wind power
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by ITP Development
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ITP Development
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Itp Development Comparisons
Competitors of ITP Development
ITP Development operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ciel & Terre, Soltec, Ocean Sun, QuantSolar and Sunlit Sea, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Developer of large-scale floating PV plants
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Photovoltaic solar energy technologies are developed by Soltec.
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Floater units for solar panels are developed.
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Solar energy projects are developed by QuantSolar in India.
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Floating solar panel solutions are provided with specialized components.
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Energy storage systems for renewables are designed and developed.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Itp Development
Frequently Asked Questions about ITP Development
Where is ITP Development located?
ITP Development is headquartered in Canberra, Australia. It is registered at Canberra, Australian Capital Territory, Australia.
What does ITP Development do?
ITP Development is based in Canberra, Australia, where operations center on the renewable energy sector. Solar photovoltaic projects are developed for various applications, with a focus on sustainable energy solutions. Services encompass project planning, implementation, and management within the photovoltaic domain. Activities are conducted primarily in the Australian market, supporting the growth of solar infrastructure across the region.
Who are the top competitors of ITP Development?
ITP Development's top competitors include Sterling and Wilson, Soltec and Ciel & Terre.
What products or services does ITP Development offer?
ITP Development offers Merino Solar Farm and Orange Community Renewable Energy Park.
Who are ITP Development's investors?
ITP Development has 1 investor. Key investors include EDP Renewables.
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