Iberdrola has partnered with IB Vogt for the 245 MW Fenix PV project in Sicily, potentially expanding to 305 MW. The project is set to become Italy’s largest under construction and will begin construction in March. With 424,638 PV modules, Fenix is expected to produce 400 GWh annually, reducing co2 emissions by 119,000 tons. The venture is anticipated to employ 500 workers during construction and over 100 permanently. Iberdrola’s broader strategy aims at 400 MW installed capacity in Italy by early 2025, contributing to its global 5 GW renewable portfolio for 2030 and 2035 targets.
Iberdrola continues Italian expansion with Fenix PV project
The Fenix solar project, a collaboration between Iberdrola and IB Vogt, will become Italy’s largest photovoltaic project, with construction starting in March 2024. (Image Credit: Iberdrola).
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)