Iberdrola in Brazil

An energy giant in Brazil

Neoenergia, Iberdrola's subsidiary in Brazil, operates in the areas of generation, transmission, distribution and marketing in that country. Neoenergia is present in 18 states and the Federal District and is the leading private electricity company with a presence in the grid business that is listed on the São Paulo B3.

More than two decades ago, Iberdrola set itself a challenge for Brazil: to build a more sustainable and affordable electricity model for its residents. Neoenergia, its subsidiary in the country, was so born. In line with the global movement for electrification, Neoenergia has been a pioneer in renewable energy generation in the country and has invested in wind energy since the beginning of the 21st century. It is now continuing to develop new environmentally friendly projects and driving new technologies for smart grids.

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Neoenergia, key to the energy transition in Brazil

Neoenergia External link, opens in new window. has been driving sustainable development in the country since its creation in 1997. After the incorporation of Elektro Holding in 2017, the company began to form part of the giant of the Brazilian and Latin American electricity market. But Neoenergia's big leap came in 2019 with its listing on the São Paulo Stock Exchange, which led it to become the leading private electricity company with a presence in the network business. In addition, the company accelerated its commitment to Brazil in 2021 with the acquisition of CEB Distribuição, the Brasilia distribution company.

Neoenergia's main businesses are:

Networks. The company has the largest electricity grid line in the world, more than 1,700 kilometres, and is constantly investing in the development of smart grid technologies.

Renewables. Neoenergia operates in the renewable energy sector through three technologies: wind, hydroelectric and solar.

* Neoenergia, S.A. is indirectly owned 50 % + 1 share by Iberdrola, S.A

Some key figures

Data updated at the end of 2024.

€2.265bn

of EBITDA

€1.8bn

of investment to 2026
*LatAm data grouped together.

16.6

million supply points

80,922

GWh distributed energy

Largest

electricity grid line in the world

3,862

MW installed renewable capacity

"Iberdrola and Neoenergia confirm their commitment to the country's growth by continuously promoting investment and developing local talent by training their employees. In this way, we generate a driving force for economic activity in the regions where we operate, to the benefit of our customers and society in general."

Ignacio S. Galán

Executive Chairman of Iberdrola

Neoenergia's most emblematic projects and installations

We promote sustainability criteria in Brazil

Neonergia is committed to creating sustainable value for all its stakeholders. To contribute to achieving sustainable development, it carries out its business in line with the three lines used internationally to measure the impact and sustainability of corporate work: the environment, society and governance. These are some of Neoenergia's achievements and initiatives in sustainability:

Neoenergia reaches a new milestone in 2024 by entering the national Great Place to Work (GPTW) ranking Enlace externo, se abre en ventana nueva. , which positions the company as one of the best companies to work for in Brazil. Neoenergía is ranked 17th out of 175 companies listed.

Neoenergia, highest distinction in the Artificial Intelligence category of the ABT Awards for its 360º Voice of the Customer initiative.

The five distributors of Neoenergia, Best in Management 2024 Awards, granted by the National Quality Foundation (FNQ) of Brazil

During 2024, Neoenergia has signed five green bank loans with maturities in 2027 and 2029 for a total amount of 1.5 billion Brazilian reais (249 million euros) for construction and distribution network automation projects.

Icon of a person with open arms in front of planet Earth.

The company is committed to the UN Global Compact to provide a more inclusive work environment: it sets a target to increase the number of women and black people in management positions by more than 30 % by 2025.

A diverse and committed team: Avangrid has a workforce of 15,528 employees at the end of 2024.

The company has joined forces with the United Nations Children's Fund (UNICEF) to support public education and strengthen curricula focused on environmental respect. The initiative will train 4,000 teachers and benefit some 120,000 students in Bahia, Pernambuco, Rio Grande do Norte and the Federal District.

Through Instituto Neoenergia, the subsidiary invests its resources in organisations and programmes that have a positive impact on the communities in which it operates.

Icon of a person in front of a blackboard.

Neoenergia launches an annual call for applications for the Electricians' School for women, a free training and professional qualification programme, recognised as a pioneer by WeEmpower and Corresponsables de Iberoamérica.

Icon of one hand hand handing a coin to another.

The company has applied discounts on the energy tariff for economically vulnerable groups and allows customers to request a donation through the energy bill for people in need.

Committed to Brazil's energy transition

And also