Iberdrola’s Neoenergia to Invest $10B in Brazilian Energy Infrastructure by 2030
Neoenergia, the Brazilian subsidiary of Spanish energy company Iberdrola, has announced plans to invest approximately 50 billion reais ($10 billion) in Brazil’s power distribution infrastructure by 2030 as part of a broader strategy to expand and modernize the country’s electricity grid.
According to the company, the investment represents an 82% increase compared to the previous five-year investment cycle and follows the renewal of several long-term electricity distribution concessions in Brazil.
The investment programme will focus on expanding and modernizing grid infrastructure, connecting additional customers, and improving network resilience amid increasingly frequent extreme weather events.
Neoenergia CEO Eduardo Capelastegui said electricity distribution networks are expected to play a key role in Brazil’s ongoing energy transition, particularly in supporting electrification, renewable energy integration, data centers, and green hydrogen development.
The company stated that nearly half of the planned investments will be allocated to infrastructure expansion projects, while additional funding will support equipment upgrades, network modernization, and measures aimed at reducing electricity losses.
As part of the initiative, Neoenergia plans to develop new substations and expand transmission capacity in several regions of Brazil to support industrial growth and increasing electricity demand.
The announcement comes as Brazil continues to position itself as a major market for renewable energy investment and grid modernization. Industry analysts have pointed to growing demand for infrastructure capable of integrating higher levels of renewable power generation into the national energy system.
Neoenergia also indicated it may evaluate acquisition opportunities should additional energy assets become available in the market.
The company currently serves approximately 17 million customers across Brazil through its generation, transmission, distribution, and commercialization operations.
Source: power-technology.com
