Iberdrola remains committed to Italy’s energy system.
Proof of this is the agreement to acquire the Basilicata wind farm, with an installed capacity of 40 MW, from Belenergia, an Italian energy group with assets in renewable energy, and from RGREEN INVEST, a French investment firm specialising in sustainable infrastructure in the energy transition sector.
This energy infrastructure came on stream in 2018 and benefits from a long-term incentive scheme that guarantees stable cash flows.
Strengthening its presence in Italy
This acquisition by Iberdrola demonstrates the Spanish company’s commitment to a greater presence in the Italian energy landscape, in line with its strategy of investing in generation technologies that promote energy security and competitiveness.
The Basilicata wind farm acquired by Iberdrola is located near the Lucania Complex, where Iberdrola is developing various plants, such as Montelungo PV (20 MW), which is currently under construction.
This plant joins the Etruria Complex, which already has a capacity of 174 MW – following the recent acquisition of a solar photovoltaic plant in Lazio – and Fenix, a 243 MW solar photovoltaic project, the largest to date in Italy, bringing Iberdrola’s installed renewable capacity in the country to approximately 450 MW, as reported by the Spanish energy company itself.
The transaction, which remains subject to the usual closing conditions, strengthens Iberdrola’s portfolio within the Italian energy sector and demonstrates its firm commitment to the country’s continued growth, in line with its strategy of investing in generation technologies that promote energy security and competitiveness.
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