Iberdrola will increase its capacity in Italy to 400MW by acquiring CCE.

Iberdrola SA has finalized an agreement to purchase a newly operational 42-megawatt (MW) solar facility in Lazio from CCE Group GmbH, based in Austria.

This acquisition will increase the Spanish energy company's renewable generation capacity in Italy to 400 MW, as noted in a press release.

Iberdrola mentioned that "the asset, commissioned less than six months ago, is backed by long-term power purchase agreements (PPAs) that guarantee consistent cash flows."

The solar plant will be incorporated into the Etruria Complex, which will achieve a total capacity of 174 MW with this addition. This includes Montalto di Castro (23 MW), Tarquinia (33 MW), Montefiascone (7 MW), Limes 15 (33 MW), Limes 10 (18 MW), and Tuscania (18 MW).

The new plant also complements the Fenix project, which at 243 MW is the largest photovoltaic initiative in Italy to date.

Iberdrola indicated that "the transaction, pending typical closing conditions, strengthens the company's dedication to enhancing renewable energy production in Italy."

"This acquisition aligns perfectly with the Group’s 2025-2028 strategic plan, which anticipates total investments of up to EUR 58 billion (approximately $68.29 billion), with EUR 21 billion dedicated to generation projects secured by long-term contracts in countries with robust credit ratings and stable regulatory environments."

By the end of 2025, Iberdrola's installed capacity is projected to grow by three percent compared to 2024, exceeding 58.3 GW, with emissions-free sources making up 85 percent (49,338 MW), according to its results report dated February 25, 2026.

As of 2025, Iberdrola's primary power production markets included Spain (64,678 gigawatt hours), the United States (25,058 GWh), Mexico (11,667 GWh), Brazil (10,936 GWh), and the United Kingdom (7,368 GWh), per the report.

In addition to Italy, Iberdrola has made strides in expanding renewable capacity in its other smaller European markets.

Earlier this year, Iberdrola activated a 65-MW solar facility in Saxony-Anhalt, Germany, supplying Salzgitter AG to facilitate its green steel production, as stated by Iberdrola on January 7.

In 2026, the company also initiated the installation of battery energy storage systems at the Alcochete I and Algeruz II solar plants located in the Setúbal district of Portugal.

Iberdrola announced on March 31 that "the batteries for both projects will provide a total storage capacity of 180 MWh—100 MWh at Alcochete I and 80 MWh at Algeruz II—and an overall output capacity of 45 MW (25 MW and 20 MW, respectively)," allowing them to supply electricity for up to four hours to more than 10,000 households.

In another project in Portugal, Iberdrola secured a EUR 175-million loan from the European Investment Bank to construct two wind farms with a total capacity of 274 MW, sufficient to power 400,000 individuals, according to the company.

These wind farms will be integrated into Iberdrola's Tâmega pumped storage hydropower complex, marking "the first hybrid connection project between pumped storage and wind power in Portugal and one of the largest energy initiatives in the country," as per a news release on January 15.

In Poland, Iberdrola acquired EUR 44 million in funding from the Polish National Fund for Environmental Protection and Water Management for three battery energy storage system projects with a combined capacity of 160 MW, as announced by the company on January 30.