Italian Industrial Companies Sign New Solar Power Agreements with Iberdrola Under Energy Release 2.0

Iberdrola reaches 5 million MWh of electricity sold in Italy with new long-term contracts

(IN BRIEF) Iberdrola has reached 5 million megawatt hours of electricity sold in Italy through long-term renewable energy power purchase agreements after signing five new contracts with major industrial companies in sectors including chemicals, manufacturing and food and beverage production. The agreements are backed by 90 megawatts of new photovoltaic generation capacity and were signed under Italy’s Energy Release 2.0 programme aimed at accelerating renewable energy deployment and industrial decarbonisation. Iberdrola said the deals strengthen its position as a strategic energy partner for Italian industry while supporting broader electrification and sustainability goals. The company also maintained its position as Europe’s leading PPA provider for the third consecutive year according to the Pexapark Renewables Market Outlook 2026 report.

(PRESS RELEASE) BILBAO, 7-May-2026 — /EuropaWire/ — Iberdrola has surpassed 5 million megawatt hours of electricity sold in Italy through long-term renewable energy power purchase agreements following the signing of five new contracts with major industrial companies operating across the country.

The new agreements involve companies from several strategic sectors of the Italian economy, including chemicals, manufacturing and food and beverage production. According to Iberdrola, the contracts are supported by approximately 90 megawatts of newly developed photovoltaic generation capacity located in Italy.

The agreements were signed under Italy’s Energy Release 2.0 programme, an initiative promoted by the country’s Ministry of the Environment and Energy Security aimed at accelerating the development of domestic renewable energy capacity while providing energy-intensive industries with more stable and competitive electricity supplies.

The mechanism is also designed to support industrial decarbonisation efforts at a time of continued volatility within global energy markets and rising pressure on industrial companies to reduce emissions and secure predictable long-term energy costs.

With the latest agreements, Iberdrola said it continues strengthening its role as a strategic industrial energy partner in Italy while expanding its broader portfolio of long-term renewable power purchase agreements across Europe and international markets.

The company highlighted that the transaction demonstrates its ability to work with industrial customers, public institutions and government-backed energy transition frameworks that combine electrification, renewable energy development and industrial competitiveness.

Iberdrola also pointed to its broader international leadership within the corporate renewable energy contract market. According to the Pexapark Renewables Market Outlook 2026 report, the company ranked as Europe’s leading power purchase agreement provider for the third consecutive year.

The company currently maintains long-term renewable electricity agreements supported by a diversified portfolio of solar, onshore wind and offshore wind assets across multiple countries, including Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil and Australia.

These agreements form part of Iberdrola’s wider strategy focused on accelerating industrial electrification, supporting energy transition initiatives and strengthening long-term commercial relationships with large corporate customers seeking reliable renewable energy supplies.

The company said the continued expansion of its renewable energy contract portfolio contributes to the creation of a more secure, competitive and sustainable electricity system capable of supporting rising energy demand while reducing dependence on fossil fuels.

The latest Italian agreements further reinforce the growing importance of long-term renewable energy purchasing contracts within Europe’s industrial sector as companies increasingly seek cost stability, energy security and emissions reductions through direct partnerships with renewable electricity providers.

Media Contact:

Tel: +34 91 577 65 00
comunicacioncorporativa@iberdrola.es

SOURCE: Iberdrola