Iberdrola in Brazil

An energy giant in Brazil

We operate in the areas of generation, transmission, distribution and commercialisation in Brazil. We are present in 18 states and the Federal District and we are the main private electricity company with a presence in the network business, listed on the São Paulo B3.

More than two decades ago, at Iberdrola we set ourselves a challenge for Brazil: to build a more sustainable and affordable electricity model for its citizens. In line with the global movement for energy transition, we have been pioneers in the generation of renewable energy in the country and have invested in wind energy since the beginning of the 21st century. Now we continue to develop new environmentally friendly projects and drive new technologies for smart grids.

Iberdrola, key to the energy transition in Brazil

Iberdrola's subsidiary 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:

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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.

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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 the first half of 2023.

3,862

MW installed renewable capacity

16.35

million supply points

Largest

electricity grid line in the world

78,343

GWh distributed energy

Ignacio Galán

"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

Boosting ESG criteria in Brazil

At Iberdrola, we remain committed to creating sustainable value for all our stakeholders. To contribute to achieving sustainable development, we conduct our business in line with the three axes used internationally to measure the impact and sustainability of corporate work: environmental, social and governance (ESG) factors. Here are some of Neoenergia's ESG achievements and initiatives:

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Neoenergia has won the Transparency 2023 Trophy for the third consecutive year. The recognition places Neoenergia among the ten companies with net revenues above R$ 20 billion that have a high quality and transparency of the financial information provided to the market.

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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.

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A diverse and committed team: Avangrid has a workforce of 15,406 employees at the end of 2022.

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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.

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

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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.

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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.