Neoenergia S.A. is a Brazilian integrated electric utility and energy company, majority-owned by Spain’s Iberdrola Group. It operates across electricity generation, transmission, distribution, and retail supply, with a broad footprint in Brazil through multiple regional distribution companies and transmission concessions.
The company’s generation portfolio emphasizes renewable sources—hydropower, onshore wind, and solar—complemented by conventional assets and energy services such as distributed generation, energy efficiency, and smart‑grid initiatives. Neoenergia serves residential, commercial, and large industrial customers, providing long‑term power contracts and reliable grid access that support energy‑intensive sectors, including chemicals. Its activities focus on expanding renewable capacity, strengthening networks, and improving system reliability to underpin Brazil’s electrification and decarbonization efforts.
Nearly €4.5bn (25bn reais) planned for Bahia to 2030 to expand, modernise and digitalise networks and connect new industries with 54 substations and extensive HV/MV lines.
Project pairs solar with battery storage on Fernando de Noronha to reach 22 MWp/49 MWh, replace biodiesel, supply ~9,000 homes; €50M (R$350M) investment, completion by end-2026.
Recognized for top environmental transparency, Iberdrola's commitment to electrification and sustainability is highlighted by CDP, with only 4% of companies achieving this status.
The sale includes five gas plants and four biomethane projects, aligning with a strategy to focus on electrification and renewable growth.
Iberdrola offers 32.5 reais per share for Neoenergia's remaining stake, aiming to simplify operations, enhance flexibility, and cut costs. The move underscores commitment to Brazil's electricity sector.
Noronha Verde integrates solar and battery storage to make Fernando de Noronha a sustainable energy model, with a 22 MWp plant and 49 MWh storage, operational by 2027.
Iberdrola now controls 84% of Neoenergia, investing €1.92 billion. Neoenergia leads Brazil's distribution with 40M customers and 3,800 MW renewable capacity.
Iberdrola's strategic M&A activities, including 26 deals worth over €18.5B, have accelerated its growth, meeting 2026 targets early and boosting its market position.
