Iberdrola acquires 40 MW Italian wind plant from Belenergia and RGREEN Invest

Iberdrola has agreed to acquire a 40 MW wind power plant in Basilicata, Italy, from Belenergia and RGREEN Invest. The asset, commissioned in 2018 with a long-term incentive scheme, adds to Iberdrola's growing portfolio in Italy, which now includes approximately 450 MW of installed renewable capacity including the 243 MW Fenix solar project.

Iberdrola has reached an agreement to acquire a 40 MW wind power plant located in Basilicata, Italy, from Belenergia, an Italian renewable energy group, and RGREEN Invest, a French investment firm focused on green infrastructure investments in the energy transition sector, according to an official announcement. The asset was commissioned in 2018 and benefits from a long-term incentive scheme that guarantees stable cash flows. The plant is located close to the Lucania Complex, where Iberdrola is developing different plants including the 20 MW Montelungo PV project currently under construction.

Iberdrola is a Spanish multinational electric utility company. The acquisition strengthens Iberdrola's portfolio in the region and underscores its firm commitment to continued growth in Italy, aligning with the group's Strategic Plan focusing on generation projects with long-term contracts in countries with strong credit ratings and stable, predictable, and attractive regulatory frameworks. The plant adds to the Etruria Complex (174 MW capacity following the recent acquisition of a solar photovoltaic plant in Lazio) and the Fenix 243 MW solar photovoltaic project, the largest to date in Italy, bringing Iberdrola to approximately 450 MW of installed renewable capacity in the country.

This development matters for Italy's renewable energy sector, where long-term incentive schemes provide stable cash flows for generation assets. The acquisition is fully aligned with Iberdrola's strategy of investing in generation technologies that promote energy security and competitiveness.

For the renewable energy industry, the transaction demonstrates continued consolidation in the Italian wind market. Stakeholders including energy consumers, grid operators, and project developers stand to benefit from expanded renewable capacity. The transaction remains subject to customary closing conditions.