Iberdrola (Neoenergia) to invest €4.5bn in Bahia power networks to 2030

Investment plan

Iberdrola said it will invest around 25 billion reais (almost €4.5 billion) in electricity infrastructure in the state of Bahia up to 2030 via its subsidiary Neoenergia Coelba. The funding forms part of Neoenergia’s broader five‑year networks investment of 50 billion reais (€9 billion) following the recent renewal of its distribution concessions.

Network expansion and targets

The programme includes 54 new substations, more than 2,000 kilometres of high‑voltage lines and 42,000 kilometres of medium‑voltage networks. Iberdrola says the works will expand, modernise and digitalise networks and enable the connection of new industries such as the agri‑food sector.

Context and strategic outlook

The announcement was made by Executive Chairman Ignacio Galán at the Bahia Farm Show, attended by federal and state officials including Vice‑President Geraldo Alckmin, the Ministers of Mines and Energy and of Agriculture and Livestock, and the Governor of Bahia. Galán cited the 30‑year renewal of distribution concessions last May as key to creating regulatory predictability and starting a new investment cycle.

Iberdrola noted its long‑term presence in Brazil since 1997 through Coelba and Cosern, reporting that Neoenergia supplies electricity to over 40 million people and that the Group has invested more than 120 billion reais (≈€20 billion) in the country to date.