Iberdrola has formalised the early renewal of three electricity distribution concessions in Brazil and, through its subsidiary Neoenergia, is launching a new investment cycle in grid infrastructure.
The company plans to invest close to 50 billion reais (€9 billion) by 2030.
The new investment cycle follows the signing of the early renewal of the concessions for Neoenergia Coelba in Bahia, Neoenergia Cosern in Rio Grande do Norte and Neoenergia Elektro in São Paulo and Mato Grosso do Sul.
The extensions run for 30 years and add to the renewal obtained in 2025 for Neoenergia Pernambuco, which remains in force until 2060, as well as the original concession for the Federal District of Brasília, granted in 2021 and valid until 2045.
