Iberdrola reaches 5 million MWh of electricity sold in Italy with new long-term contracts

Iberdrola has reached 5 million megawatt hours (MWh) of electricity sold in Italy through long-term clean energy power purchase agreements (PPAs), following the signing of five new agreements with leading companies in key sectors of the country, such as the chemical, manufacturing, and food and beverage industries.

The electricity supplied under these agreements is backed by 90 megawatts (MW) of new photovoltaic capacity on the Italian peninsula.

The PPAs have been signed under the Energy Release 2.0 mechanism, promoted by the Ministry of the Environment and Energy Security, with the aim of accelerating the deployment of new domestic renewable capacity and offering the energy-intensive industrial sector a stable and competitive supply in a context of growing volatility, as well as contributing to the decarbonisation of its production processes.

In this way, Iberdrola — Europe’s largest electricity company and one of the two largest in the world by market capitalisation — continues to expand its portfolio of long-term power purchase agreements and consolidates its position as a strategic industrial partner in Italy as well.

Furthermore, the transaction highlights the Group’s ability to support the Italian business sector, collaborate with institutions and operate within mechanisms such as Energy Release 2.0, which integrate electrification, industry and decarbonisation.

Iberdrola leads the European PPA market for the third consecutive year, according to the Pexapark Renewables Market Outlook 2026 report, and has agreements, backed by a broad portfolio of onshore and offshore wind and solar power generation, as well as a diversified generation mix, in Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil and Australia. These agreements form part of Iberdrola’s strategy to drive the electrification of industry, strengthen stable relationships with major customers and contribute to a more secure, self-sufficient, competitive and sustainable energy system, ready to respond to growing demand.