en.Wedoany.com Reported - Spanish energy company Iberdrola has agreed to acquire a 42MW solar photovoltaic power plant located in Lazio, Italy, from Austrian renewable energy company CCE. This transaction will bring Iberdrola's total installed renewable energy capacity in Italy to 400MW.

This 42MW plant began operations less than six months ago and is supported by a long-term power purchase agreement, providing a stable source of revenue. The plant will be integrated into Iberdrola's Etruria complex, which is expected to have a total capacity of 174MW, including 23MW in Montalto di Castro, 33MW in Tarquinia, 7MW in Montefiascone, 33MW in Limes 15, 18MW in Limes 10, and 18MW in Tuscania. Additionally, Iberdrola operates the 243MW Fenix solar power plant in Sicily, Italy, which is its largest project in the country.

This acquisition aligns with Iberdrola's 2025-2028 strategic plan, which involves a total investment of up to €58 billion, with €21 billion allocated to power generation assets under long-term contracts. Iberdrola recently also acquired the 242MW Ararat wind farm in Australia and, through a joint venture with Norges Bank Investment Management, added 650MW of solar capacity.

By the end of 2025, Iberdrola had installed 8.7GW of photovoltaic capacity. According to its strategy, approximately 10% of its renewable energy investments are allocated to solar power, with a target of adding 2,100MW of new solar capacity during the 2025-2028 period. Beyond Italy, Iberdrola has operations in countries including Spain, the United States, Mexico, Brazil, Portugal, Australia, Germany, and the United Kingdom, and continues to develop projects in markets such as Poland, Greece, Romania, and Cyprus.

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