Iberdrola (Global Energy Leader) has agreed to acquire a 42 MW solar photovoltaic plant in the Lazio region of Italy from CCE, an international renewable energy company headquartered in Austria, bringing the Spanish energy group's total installed renewable capacity in the country to approximately 400 MW.

A Recently Commissioned Asset Backed by Long-Term Contracts

The plant, which was commissioned less than six months ago, is supported by long-term power purchase agreements that Iberdrola says will secure stable cash flows from the asset. The transaction remains subject to customary closing conditions.

The acquired facility will be absorbed into what Iberdrola calls its Etruria Complex, a portfolio of solar sites concentrated in the Lazio region. With the addition of the new 42 MW plant, the Etruria Complex will reach a total combined capacity of 174 MW.

The complex already comprises several existing sites: Montalto di Castro at 23 MW, Tarquinia at 33 MW, Montefiascone at 7 MW, Limes 15 at 33 MW, Limes 10 at 18 MW, and Tuscania at 18 MW.

Fenix Project Forms the Other Half of Italy's 400 MW Portfolio

The Etruria Complex alone does not account for the full 400 MW figure. The remaining installed capacity comes from Fenix, a 243 MW photovoltaic project that Iberdrola describes as the largest solar project to date in Italy.

Together, the Etruria Complex at 174 MW and the Fenix installation at 243 MW bring Iberdrola's total renewable footprint in Italy to approximately 400 MW.

The Fenix project's scale underscores the growing ambition of Iberdrola's Italian operations, with the company now holding a substantial base of solar generation assets in one of Europe's largest energy markets.

Transaction Fits Within Iberdrola's 2025–2028 Strategic Plan

Iberdrola has framed the acquisition as consistent with its Group-level 2025–2028 Strategic Plan, which foresees total investments of up to USD 68.40 billion across its global portfolio. Of that total, USD 24.7 billion is earmarked specifically for generation projects underpinned by long-term contracts in countries that Iberdrola characterizes as having strong credit ratings and stable, predictable, and attractive regulatory frameworks.

Italy's inclusion in this category reflects how the company is selecting its markets for capital deployment under the current strategic cycle. The company's stated criteria prioritize revenue certainty and regulatory stability, both of which the Italian solar acquisitions are positioned to deliver through their long-term PPA structures.

Italy Pushes Part of a Broader International Acquisition Drive

The Lazio deal is one of several international transactions Iberdrola has cited in connection with its strategic plan. The company pointed to the acquisition of the 242 MW Ararat Wind Farm in Australia as another recent example of the same investment logic at work.

It also referenced the addition of 650 MW of solar power to a joint venture with Norges as a further illustration of how its generation portfolio is being expanded through long-term contracted assets in geographically diverse markets.

These deals collectively point to a strategy of building out renewable generation capacity through acquisitions of assets that already carry contracted revenue streams, rather than relying solely on greenfield development where revenue risk is higher in the early years of operation.

CCE Sells Recently Built Italian Asset

The seller in the Lazio transaction is CCE, described by Iberdrola as an international renewable energy company with its headquarters in Austria.

The plant being sold was commissioned within the past six months, meaning CCE is divesting an operational but recently completed facility rather than a development-stage project. Iberdrola has not disclosed the financial terms of the acquisition.

The deal adds a fully operational solar site to Iberdrola's Italian holdings without the construction risk or timeline uncertainty that would accompany a project still in development.

The presence of long-term PPAs already in place at the time of acquisition provides Iberdrola with an immediate contracted revenue position from the moment the transaction closes.

Italy Continues to Draw Renewable Investment

Italy has become an increasingly active market for renewable energy development and acquisition activity, with the country's solar resources and policy environment attracting capital from across the European energy sector.

Iberdrola's decision to build out a 400 MW position through a combination of the Etruria Complex and the Fenix project reflects confidence in the country as a long-term home for renewable generation assets.

The Etruria Complex, now set to reach 174 MW across seven sites, including the newly acquired Lazio plant, represents a geographically clustered approach to solar development in the region north of Rome, where Montalto di Castro, Tarquinia, Tuscania, and the other named sites are all located.

Discover Latest Solar Power Plant Projects In Italy With Ease

Are you seeking reliable, up-to-date insights into upcoming solar power plant projects in Italy?

Explore the Global Project Tracking (GPT) platform by Blackridge Research, your go-to resource for the latest solar power plant projects and tenders across all stages:

• Upcoming Projects

• Tender Notices

• Contract Awards

• Projects Under Construction

• Completed Projects

Book a Free Demo today and see how the GPT platform can help you unlock opportunities and achieve your business goals.