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Spain based Iberdrola has agreed to acquire a 42 MW solar photovoltaic plant in Lazio, Italy, from CCE. The asset was commissioned less than 6 months ago and is backed by long-term PPAs. Following the deal, Iberdrola’s Etruria Complex will reach 174 MW in total capacity. The complex includes Montalto di Castro at 23 MW, Tarquinia at 33 MW, Montefiascone at 7 MW, Limes 15 at 33 MW, Limes 10 at 18 MW and Tuscania at 18 MW. The acquisition also adds to Iberdrola’s 243 MW Fenix photovoltaic project in Italy. With this transaction, Iberdrola’s installed renewable capacity in Italy will rise to approximately 400 MW. The deal remains subject to customary closing conditions.
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