Italgen operates in Italy as a producer and distributor of electricity from 100% renewable sources. The company manages 28 hydroelectric derivation concessions located in Lombardy, Piedmont and Veneto and 3 photovoltaic plants, with a total installed power of approximately 74 MW; it also owns a SEESEU-D configured transmission network with 300 km of power lines. Italgen is a minority partner of an important Italian industrial leading group in the management of wind farms installed on the Black Sea coast in Bulgaria for a total of 18 MW. The energy produced annually (in the order of 335 GWh) is mainly sold on the National Electricity Exchange.

Italmobiliare invested in Italgen in June 2016.