Iberdrola Strengthens Italy Presence With 42 MW Lazio Solar Acquisition, Boosting Etruria Complex Capacity To 174 MW

Iberdrola has signed an agreement to acquire a 42 MW solar photovoltaic plant located in Lazio, Italy, from CCE, an international renewable energy company based in Austria. The solar facility was commissioned less than six months ago and already benefits from long-term power purchase agreements (PPAs), which provide stable and predictable revenue over time. T

he newly acquired plant will become part of Iberdrola’s Etruria Complex in Italy. With this addition, the complex will reach a total installed capacity of 174 MW. It already includes several other solar sites such as Montalto di Castro (23 MW), Tarquinia (33 MW), Montefiascone (7 MW), Limes 15 (33 MW), Limes 10 (18 MW), and Tuscania (18 MW). Together, these assets form a growing renewable energy cluster in the region.

This acquisition also contributes to Iberdrola’s broader renewable portfolio in Italy. It complements the company’s Fenix project, a 243 MW photovoltaic development that is currently the largest solar project in the country. With these additions, Iberdrola’s total installed renewable capacity in Italy rises to around 400 MW, strengthening its position in the Italian clean energy market.

The transaction is still subject to standard closing conditions, but once completed it will further expand Iberdrola’s footprint in renewable electricity generation across Europe. It also reflects the company’s continued focus on scaling up clean energy assets in markets with stable regulatory environments and long-term contracted revenues.

This deal fits into Iberdrola’s wider strategic direction outlined in its 2025–2028 plan. Under this strategy, the company plans to invest up to €58 billion globally, with around €21 billion dedicated specifically to generation projects backed by long-term contracts. These investments are targeted at countries with strong credit ratings and predictable regulatory frameworks, helping reduce risk while supporting long-term growth in renewable energy capacity.

The acquisition also follows Iberdrola’s recent international expansion activities, including the purchase of the 242 MW Ararat Wind Farm in Australia and the addition of 650 MW of solar capacity through its joint venture with Norges. These moves highlight the company’s consistent approach of building a diversified portfolio of contracted renewable assets across multiple regions. Overall, the Lazio solar acquisition strengthens Iberdrola’s renewable energy base in Italy and supports its broader strategy of expanding large-scale clean energy projects backed by long-term, stable revenue agreements.