Iberdrola Acquires 40 MW Onshore Wind Farm in Basilicata, Italy from Belenergia and RGREEN INVEST
Iberdrola has agreed to acquire a 40 MW onshore wind farm in Basilicata, Italy from Belenergia and RGREEN INVEST. Commissioned in 2018 and backed by a long-term incentive scheme, the asset brings Iberdrola's total installed renewable capacity in Italy to approximately 450 MW, complementing its Etruria Complex and the 243 MW Fenix solar PV project.
Transaction date: · Source: iberdrola.com
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 40 MW
- Transaction price
- Not disclosed
- Buyer
- Iberdrola
- Country
- Italy
- Region
- Basilicata
- Location
- Basilicata, Italy (near the Lucania Complex)
- Continent
- Europe
- Development status
- Operational
- PPA
- Yes
Technology details
40 MW onshore wind farm commissioned in 2018, benefiting from a long-term incentive scheme guaranteeing stable cash flows. Located close to Iberdrola's Lucania Complex, where the 20 MW Montelungo PV plant is currently under construction.
Power purchase agreement (PPA)
Asset benefits from a long-term incentive scheme guaranteeing stable cash flows. Further details not disclosed.
Additional information
Transaction subject to customary closing conditions. With this acquisition, Iberdrola reaches approximately 450 MW of installed renewable capacity in Italy. The asset complements the Etruria Complex (174 MW, including a recently acquired solar PV plant in Lazio) and the Fenix solar PV project (243 MW, largest in Italy to date). Belenergia is an Italian renewable energy group; RGREEN INVEST is a French investment firm focused on energy transition infrastructure.
Source
Original announcement: https://www.iberdrola.com/press-room/news/detail/iberdrola-expands-generation-capacity-italy-450-mw-with-new-wind-project