Iberdrola has reached an agreement to acquire a 40 MW wind power plant located in Basilicata, Italy, from Belenergia, an Italian-based renewable energy group, and RGREEN INVEST, a French investment firm focused on green infrastructure investments in the energy transition sector. The transaction remains subject to customary closing conditions. Financial terms were not disclosed.
The asset was commissioned in 2018 and benefits from a long-term incentive scheme that guarantees stable cash flows. It is located close to Iberdrola’s Lucania Complex, where the company is developing several plants including the 20 MW Montelungo solar photovoltaic project, currently under construction. The acquisition adds to Iberdrola’s growing Italian portfolio alongside the Etruria Complex, which already holds 174 MW of capacity following the recent acquisition of a solar photovoltaic plant in Lazio, and Fenix, a 243 MW solar photovoltaic project described as the largest of its kind to date in Italy.
Together, these assets bring Iberdrola to approximately 450 MW of installed renewable capacity in Italy, underscoring the company’s commitment to continued growth in the country. The acquisition is aligned with Iberdrola’s Group Strategic Plan, which focuses on generation projects with long-term contracts in countries with strong credit ratings and stable, predictable, and attractive regulatory frameworks. Italy represents an increasingly significant market within Iberdrola’s broader European renewable energy footprint.
The transaction strengthens Iberdrola’s regional portfolio across southern Italy and reflects the company’s strategy of investing in generation technologies that promote energy security and competitiveness. Iberdrola is one of the world’s largest renewable energy companies, with a global portfolio spanning wind, solar, and other clean energy assets across multiple continents.
