Iberdrola reaches 400 MW of capacity in Italy with a new solar PV plant in Lazio

Iberdrola has reached an agreement to acquire a solar photovoltaic plant with an installed capacity of 42 MW, located in Lazio (Italy) from CCE, an international renewable energy company headquartered in Austria. The asset, which was commissioned less than 6 months ago, is supported by long‑term PPAs that secure stable cash flows.  

The solar power plant will be part of the company’s Etruria Complex, which will reach a total capacity of 174 MW thanks to this new site, along with Montalto di Castro (23 MW), Tarquinia (33 MW), Montefiascone (7 MW), Limes 15 (33 MW), Limes 10 (18 MW) and Tuscania (18 MW).

This plant also adds to Fenix, a 243 MW photovoltaic project, the largest to date in Italy, bringing Iberdrola to approximately 400 MW of installed renewable capacity in the country. 

The transaction, which remains subject to customary closing conditions, reinforces Iberdrola’s commitment to expanding renewable energy generation in Italy.  

The acquisition is also fully aligned with the Group’s 2025–2028 Strategic Plan, which foresees total investments of up to €58 billion –of which €21 billion will be allocated to generation projects with long-term contracts in countries with strong credit ratings and stable, predictable and attractive regulatory frameworks. This strategy is also reflected in recent transactions such as the acquisition of the 242 MW Ararat Wind Farm in Australia or the addition of 650 MW of solar power to the joint venture with Norges.