During a meeting with the president of Brazil, Iberdrola's management highlighted the Spanish multinational's performance, which has made investments worth 30 billion Brazilian reais (over 5 billion euros) in the last year.
The company also communicated its intention to continue investing substantially in the South American country in the coming years. The main objective is to expand and modernize the networks of all its distributors and electrify regions such as the west of the state of Bahia.
“"To continue expanding and modernizing the networks of all its distributors in the country and electrifying areas such as the west of the state of Bahia, in order to provide access to secure, competitive, and clean energy to homes and industries, such as the agri-food sector."
Currently, Iberdrola is positioned as the leading investor in the Brazilian electricity sector, with assets exceeding 120 billion reais (approximately 20.4 billion euros) and coverage reaching over 45 million people.
The company operates and distributes energy in states such as Bahia, Rio Grande do Norte, Pernambuco, Sao Paulo, and Mato Grosso do Sul, in addition to Brasília. Through its subsidiary Neoenergia, Iberdrola is present in 18 Brazilian states and the Federal District, managing over 725,000 kilometers of electricity distribution lines and 8,000 kilometers of transmission lines, along with 3,600 MW of renewable generation, mainly hydroelectric.
