Iberdrola SA mentioned it has totally energized a 1,600-kilometer (994.19 miles) transmission line between the north of Minas Gerais state and São Paulo.
With six substations and three,250 towers, the Alto Paranaíba challenge is the most important transmission challenge undertaken by Iberdrola, by way of its native subsidiary Neoenergia, in Brazil and one of many nation’s greatest, the Spanish energy and gasoline utility mentioned in a press launch.
The challenge value BRL 4.2 billion ($782.21 million), Iberdrola mentioned. Alto Paranaíba was accomplished 15 months forward of the schedule set by Brazil’s Nationwide Electrical Vitality Company, in keeping with Iberdrola.
- Advertisement -
On November 24, 2025, Iberdrola launched a takeover bid for Neoenergia after which its stake would rise from 83.8 % to 100%. This follows Iberdrola’s acquisition of a 30.29 % stake in Neoenergia held by Banco do Brasil’s pension fund, PREVI. Iberdrola introduced the completion of the transaction with PREVI October 31, 2025.
“Iberdrola provides the identical worth paid within the current acquisition of Caixa de Previdência dos Funcionários do Banco do Brasil (PREVI) stake equivalent to 30.29 % of the capital – 32.5 Brazilian reais per share – up to date by the official Brazilian rate of interest, known as SELIC”, Iberdrola mentioned asserting the takeover bid. “A complete disbursement (earlier than its replace in keeping with the evolution of the SELIC fee and assuming that Neoenergia doesn’t pay any intermediate dividend) of round EUR 1.03 billion is anticipated.
“The transaction will simplify Neoenergia’s construction, offering its operations and financing with better flexibility and lowering prices arising from sustaining the buying and selling of shares in the marketplace.
“With this transaction, Iberdrola reaffirms its dedication to Brazil and to a development mannequin primarily based on electrical energy grids, which account for 90 % of Neoenergia’s enterprise”.
In accordance with the November assertion, Neoenergia had practically 40 million electrical energy clients served by way of 5 distribution models within the states of Bahia, Brasilia, Mato Grosso do Sul, Pernambuco, Rio Grande do Norte and São Paulo.
“Neoenergia, which is current in 18 states and the Federal District, has greater than 725,000 kilometers of electrical energy distribution traces and eight,000 kilometers of transmission traces and has 3,800 megawatts of renewable technology, primarily hydroelectric”, Iberdrola mentioned.
“Globally, Iberdrola already has 1,400,000 kilometers of electrical energy transmission and distribution traces in the US, the UK, Brazil and Spain”.
Iberdrola has allotted Brazil EUR 7 billion in its plan to speculate EUR 58 billion throughout its world portfolio by 2028, as introduced by the corporate September 24, 2025.
To contact the creator, electronic mail jov.onsat@rigzone.com
What do you assume? We’d love to listen to from you, be part of the dialog on the
Rigzone Vitality Community.
The Rigzone Vitality Community is a brand new social expertise created for you and all vitality professionals to Converse Up about our trade, share information, join with friends and trade insiders and have interaction in knowledgeable neighborhood that may empower your profession in vitality.
