Iberdrola obtains financing from the European Investment Bank with SACE’s Archimede guarantee for the Fenix solar project
Type: Financing · Technology: Solar · Country: Italy · Capacity: 243 MW · Announced: 2026-06-25
Iberdrola secured project financing from the European Investment Bank, backed by SACE’s Archimede guarantee, for the 243 MW “Fenix” solar facility in Sicily. The funding supports the €‑scale investment required to develop the plant on 400 ha of desert‑affected land. The loan will finance the installation of 413,000 bifacial modules and the associated medium‑ and high‑voltage grid connections. This financing strengthens Iberdrola’s renewable portfolio and aligns with EU climate and energy objectives. The financing was announced as part of the project development, with no specific date disclosed.