Europe’s renewable energy transition continues to accelerate, and Iberdrola is leading the charge once again. In a landmark move, the Spanish energy giant has secured $30.4 million in green financing from the European Investment Bank (EIB) and the European Union (EU) to develop the Gatza wind farm in Greece. This project not only strengthens Iberdrola’s clean energy footprint but also marks another stride toward Europe’s ambitious net-zero goals.

Iberdrola’s latest funding success showcases the company’s strategic commitment to expanding renewable infrastructure across Europe. Through its Greek subsidiary, Rokas, Iberdrola secured an $11.7 million loan from the EIB, complemented by $18.6 million in financing from the EU’s Recovery and Resilience Fund. These funds will directly support the development and construction of the 22.5 MW Gatza wind farm in central Greece. By aligning with Europe’s green recovery strategy, this project symbolizes how collaborative financing between public and private sectors can fast-track sustainable transformation in regional energy markets.

The Gatza wind farm, with its 22.5 MW capacity, is poised to become a key player in Greece’s renewable energy mix. Once operational, it will elevate Iberdrola’s total installed capacity in Greece to 443.5 MW, cementing its position as one of the nation’s foremost clean energy providers. Strategically located in central Greece, the project is expected to begin commercial operations by December 2025. Beyond increasing renewable capacity, Gatza is set to generate significant environmental and economic benefits—reducing carbon emissions and fostering local employment opportunities during both construction and operation phases.

The Gatza wind farm is more than just an energy project—it’s a testament to Europe’s unified commitment to sustainability. By investing in wind energy, Iberdrola contributes to energy diversification, resilience, and long-term cost efficiency for Greek consumers. Moreover, this development aligns with EU policies promoting clean technology investment as a cornerstone of economic recovery. As the world pivots toward renewable energy, projects like Gatza serve as blueprints for how strategic financing and innovation can deliver tangible climate action.

Iberdrola’s Gatza wind farm is set to become a beacon of sustainable progress for Greece and Europe alike. Backed by $30.4 million in green financing, the project underscores the power of collaboration between institutions and industry in driving renewable transformation. As December 2025 approaches, the countdown begins toward a cleaner, more resilient energy future.

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