Iberdrola has reached an agreement to acquire a wind farm in Basilicata (Italy), with an installed capacity of 40 MW, from Belenergia, an Italian group dedicated to renewable energies, and RGREEN INVEST, a French investment company specializing in sustainable infrastructure in the energy transition sector.
The facility, which came into service in 2018 and benefits from a long-term incentive program that guarantees stable cash flows, is located near the Lucania Complex, where Iberdrola is developing different plants, such as Montelungo PV (20 MW), which is currently under construction.
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This plant joins the Etruria Complex, which already has a capacity of 174 MW - following the recent acquisition of a photovoltaic solar plant in Lazio - and Fenix, a 243 MW photovoltaic solar energy project, the largest to date in Italy, which raises Iberdrola's installed renewable capacity in the country to approximately 450 MW.
The transaction, which remains subject to customary closing conditions, strengthens Iberdrola's portfolio in the region and demonstrates its firm commitment to continued growth in Italy, in line with its strategy of investing in generation technologies that promote energy security and competitiveness.
The acquisition is also fully in line with the Group's Strategic Plan , which focuses on generation projects with long-term contracts in countries with strong credit ratings and stable, predictable and attractive regulatory frameworks.