- Iberdrola agreed to acquire a 40 MW wind plant in Basilicata from Belenergia and RGREEN INVEST; the plant was commissioned in 2018 and benefits from a long-term incentive scheme guaranteeing stable cash flows.
- The asset sits near the Lucania Complex and complements Montelungo PV (20 MW, under construction), the Etruria Complex (174 MW after a recent Lazio solar purchase) and Fenix (243 MW), bringing Iberdrola to approx. 450 MW of installed renewables in Italy.
- The transaction is subject to customary closing conditions and aligns with Iberdrola's strategy to invest in generation projects with long-term contracts in countries with strong credit ratings and stable regulatory frameworks.
Transaction
Iberdrola agreed to acquire a 40 MW wind plant in Basilicata from Belenergia and RGREEN INVEST; the plant was commissioned in 2018 and benefits from a long-term incentive scheme that secures stable cash flows. The transaction is subject to customary closing conditions.
Portfolio context
The asset sits near the Lucania Complex and complements Montelungo PV (20 MW, under construction), the Etruria Complex (174 MW after a recent Lazio solar purchase) and Fenix (243 MW solar), bringing Iberdrola's installed renewable capacity in Italy to about 450 MW.
Strategic fit
According to the company, the acquisition aligns with Iberdrola's Strategic Plan to focus on generation projects with long-term contracts in countries with strong credit ratings and stable, predictable regulatory frameworks.
