Spanish energy company Iberdrola's Italian arm has started supplying renewable electricity to Italian retailer PAM Panorama under a 10-year power purchase agreement (PPA) signed by the 2 companies last year. The agreement covers PAM Panorama's retail network, comprising the Pam, Panorama, Pam Local, and Pam City brands. The renewable electricity is being generated by Iberdrola's recently commissioned 243 MW Fénix Solar Plant in Sicily, which is designed to generate 400,000 MWh annually. Over the 10-year contract period, Iberdrola will supply 1,000 GWh of certified solar electricity to the retailer.
The Fénix facility, located across the Sicilian municipalities of Belpasso, Centuripe, and Paternò, between the provinces of Enna and Catania, was recently inaugurated by Iberdrola. The company calls it the largest solar power plant currently operating in Italy.
Qualitas Energy has secured around €172 million in non-recourse financing for a 156 MW greenfield solar PV portfolio in Italy. The company-owned portfolio comprises 15 solar projects across the country. It says revenues are backed by a diversified mix of Italy's FER X and FER X NZIA renewable energy support mechanisms, PPAs, and other support schemes.
CaixaBank, La Banque Postale, and DekaBank arranged the fully amortizing financing package, which includes a term loan, ancillary facilities and an interest rate swap. Qualitas Energy said the financing supports the expansion of its renewable energy platform in Italy. Through Qualitas Energy Fund V, the company currently owns around 65 MW of ready-to-build solar assets in the country and is developing a pipeline of more than 1 GW, mainly comprising wind projects. It expects relevant authorizations for the pipeline between 2027 and 2028.
UniCredit has provided around €30 million in project financing to support a 52 MW agrivoltaic project in Italy, developed by Aquila Clean Energy. Vector Renewables says it helped with technical due diligence for the transaction. Aquila announced construction of the project in Catania in 2025. Back then, it had stated that the project forms part of its 4.4 GW solar PV and battery energy storage system (BESS) portfolio in Italy.
Solai GmbH is advancing a 16 MW ground-mounted solar PV project in Sailauf, Bavaria, with construction scheduled to begin in Q3 2026. The project will use 720 W bifacial high-power modules, while local financing has reportedly been secured. The project comes as the federal government increasingly favors large-scale solar installations. The Federal Ministry for Economic Affairs has proposed phasing out fixed feed-in tariffs for distributed PV systems below 25 kW from 2027, potentially increasing the focus on utility-scale projects (see Solar, Storage Stakeholders Differ On Germany’s Grid Overhaul).
Solai operates under the same holding structure as German solar module manufacturer Solar Fabrik GmbH. The module maker says it secured close to 200 MW of new orders in Q1 2026 and expects to meet its 500 MW order target for H1 2026.
Gülermak Renewables has signed a multi-site PPA with Hekla Energy covering 45 MW of solar PV projects in Poland. The agreement covers the 5 MW Powidz and the 40 MW Brodnica solar projects in the Greater Poland region. Linked to Poland’s Contract for Difference (CfD) mechanism, the PV-only agreement provides route-to-market support for the projects through 2030.
Gülermak said the deal supports its plans to build a 500 MW renewable energy portfolio in Poland spanning solar PV, battery energy storage, and wind.
