trending Market Intelligence /marketintelligence/en/news-insights/trending/ozaan8xA0jzJUdxJHaif6w2 content esgSubNav
In This List

Iberdrola completes 350-MW hydroelectric plant in Brazil

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes

Blog

Q4’21 US Power Forecast: Will high commodity prices accelerate the energy transition?

Blog

Infographic: Q4’21 US Battery Storage by the Numbers


Iberdrola completes 350-MW hydroelectric plant in Brazil

Iberdrola SA, through its Brazilian affiliate Neoenergia SA, has started operations at the 350-MW Baixo Iguaçu hydroelectric facility in Brazil's state of Paraná.

The company invested €500 million in the plant, which will control the water flow of the Iguaçu Falls and supply energy to about a million customers, according to a May 23 news release.

"Over the next five years alone, we are going to invest around €6.5 billion in new projects in Brazil to continue improving country's electricity supply and, thus, its competitiveness," said Iberdrola Chairman and CEO Ignacio Galán.

Iberdrola now has an installed capacity of more than 3,700 MW in Brazil. Including projects under construction, the capacity reaches about 5,000 MW.