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Iberdrola plans to invest in Brazilian energy transition

Published by , Editorial Assistant
Energy Global,

The Chairman of Iberdrola, Ignacio Galán, has assured the President of Brazil, Luiz Inácio Lula da Silva, that Iberdrola will be a loyal ally in the country’s energy transition. This was expressed during their visit to the company’s first hybrid complex in Brazil. Located in the interior of Paraíba, in the northeast of the country, the Neoenergia Renewable Energy Complex integrates for the first time the generation of wind and solar energy in the country, thanks to the Chafariz wind farm and the Luzia photovoltaic (PV) plant. The complex has involved an investment of €630 million and will supply clean energy to 1.3 million homes.

The Neoenergia Renewable Complex has a capacity of 600 MW, which will prevent the emission of more than 100 000 tpy of CO2. The complex consists of 15 wind farms with a total of 136 wind turbines – with an installed capacity of 471.2 MW – and two solar plants of Neoenergia Luzia, with 228 000 panels and an installed capacity of 149.2 MWp. Connection to the grid is guaranteed by the substation and the transmission line, with an extension of 345 km.

A pioneer in the country, the project stands out for the synergy between wind and solar farms, thus reinforcing Iberdrola’s commitment to the development of the Brazilian energy sector in an innovative, efficient, and sustainable manner. Hybridisation allows for more efficient management of the two renewable sources, cost reduction, and better use of the full potential, including the transmission system.

“Making projects like this a reality requires leadership capable of establishing long-term planning, a clear energy policy, and stable and encouraging regulation,” said Ignacio Galán, Chairman of Iberdrola.

“We started in Brazil 20 years ago and today we are more than 100 companies operating in all segments of the Brazilian electricity sector and serving almost 40 million people with a total of 16 000 employees. Iberdrola and Neoenergia will continue to be loyal allies of Brazil,” said Galán.

For this reason, the electricity company’s Chairman has pledged to invest 30 billion reais – some €5.3 billion – over the next three years in the country, to continue developing new renewable and grid projects, as well as to make the most of the opportunities offered by technologies such as offshore wind power and green hydrogen.

A project with great social impact in Brazil

The Neoenergia Renewable Complex has also generated socioeconomic benefits for the region: more than 680 h of training classes were given, in which approximately 180 people were trained as masons, carpenters, and blacksmiths. A further 150 people were also trained in the assembly of metal structures for solar panels. These initiatives expand opportunities for residents to enter the labour market. Of the more than 3600 direct and indirect jobs that have been created, 40% have been filled by local workers.

The Complex covers an area of 8700 ha., of which only 14% is occupied, in the municipalities of Santa Luiza, Areia de Baraúnas, São Jose de Sabugi, and São Mamede, in the state of Paraiba.



For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.

Energy Global's Spring 2023 issue

The Spring 2023 issue of Energy Global hosts an array of technical articles focusing on offshore wind, solar technology, energy storage, green hydrogen, waste-to-energy, and more. This issue also features a regional report on commodity challenges facing Asia’s energy transition.

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