Iberdrola to invest €4.5 billion in electricity networks in Brazil's Bahía state, half of its total Brazil investment through 2030
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Summary
Iberdrola, through its subsidiary Neoenergia Coelba, will invest €4.5 billion (25 billion reais) to expand electricity networks in the Brazilian state of Bahía. This represents half of the company's total planned investment in Brazil until 2030, following the recent renewal of electricity distribution concessions for 30 more years. Iberdrola's chairman Ignacio Galán announced the agreement at the Bahía Farm Show, Brazil's main agricultural fair, emphasizing Brazil's strategic importance for the company.
Key quotes
· 2 pulledBrasil es un mercado estratégico para Iberdrola
Iberdrola destinará 4.500 millones en redes eléctricas en el estado de Bahía, la mitad de su inversión en Brasil hasta 2030
Se trata de la mitad de la inversión que hasta 2030 su filiar en el país, Neoenergia Coelba. “Brasil es un mercado estratégico para Iberdrola”, aseguró su presidente, Ignacio Galán, al anunciar el acuerdo en la Bahía Farm Show.
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