Iberdrola purchases another operational renewable energy plant in Italy.

Iberdrola SA has purchased 40 megawatts (MW) of wind energy capacity from Italy's Belenergia and France's RGREEN INVEST, increasing the Spanish utility's total renewable energy capacity in Italy to approximately 450 MW.

According to a press release from Iberdrola, the asset was commissioned in 2018 and is part of a long-term incentive scheme that ensures consistent cash flow. It is situated near the Lucania Complex, where Iberdrola is developing various projects, including the Montelungo PV plant (20 MW), which is currently under construction.

This newly acquired plant adds to the Etruria Complex, which has a capacity of 174 MW following a recent solar photovoltaic plant acquisition in Lazio, as well as the Fenix project, which boasts 243 MW, making it the largest solar photovoltaic project in Italy. This brings Iberdrola's total installed renewable capacity in the country to around 450 MW.

Iberdrola noted that the acquisition aligns with the Group's Strategic Plan, which emphasizes generation projects backed by long-term contracts in countries with strong credit ratings and stable, attractive regulatory environments.

Jacques Édouard Levy, CEO of Belenergia, stated that the proceeds from the sale will be reinvested into the development of new wind farms in Southern Italy, highlighting their commitment to the region.

By the end of the first quarter (Q1), Iberdrola's total installed capacity reached 58,877 MW, marking a 3.8 percent increase from the previous year. Renewable sources accounted for 46,741 MW, primarily from onshore wind (21,320 MW), as detailed in their quarterly report.

As of Q1, Iberdrola's main markets for net power production included Spain (18,177 gigawatt hours), the United States (6,734 gWh), and Brazil (2,938 gWh). The top five was rounded out by Mexico (2,849 gWh) and the United Kingdom (2,612 gWh), although Iberdrola mentioned last month that it completed its exit from Mexico with a $4 billion sale to Spain's Cox Abg Group SA.

In addition to its initiatives in Italy, Iberdrola has also expanded its renewable capacity in other smaller European markets.

Earlier in 2026, Iberdrola launched a 65-MW solar plant in Saxony-Anhalt, Germany, which supports Salzgitter AG's green steel production, as stated in a release on January 7.

In 2026, the company also began installing battery energy storage systems at the Alcochete I and Algeruz II solar plants in Setúbal, Portugal.

Iberdrola reported that the batteries for these projects will offer a total storage capacity of 180 MWh—100 MWh at Alcochete I and 80 MWh at Algeruz II—with a combined output capacity of 45 MW (25 MW and 20 MW, respectively), supplying electricity for up to four hours to over 10,000 households.

In another project in Portugal, Iberdrola secured a EUR 175 million ($204.97 million) loan from the European Investment Bank to build two wind farms with a total capacity of 274 MW, sufficient to power 400,000 people.

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

In Poland, Iberdrola received 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 disclosed by Iberdrola on January 30.