Iberdrola Chairman Ignacio Galán Meets Luiz Inácio Lula da Silva, Stresses Brazil’s Vital Role In The Group’s Long-Term Strategy At Spain–Brazil Summit

The Chairman of Iberdrola, Ignacio Galán, recently met with Luiz Inácio Lula da Silva during the Spain–Brazil bilateral summit held in Barcelona. The discussion focused on strengthening energy cooperation and reaffirmed Brazil’s importance in Iberdrola’s long-term global strategy. Brazil plays a central role in Iberdrola’s operations. The company currently has assets worth around 120 billion Brazilian reais (approximately 20.4 billion euros) in the country and provides electricity to more than 45 million people. This makes Iberdrola the largest electricity distribution group in Brazil.

Its operations cover several key regions, including the states of Bahia, Rio Grande do Norte, Pernambuco, São Paulo, and Mato Grosso do Sul, as well as the federal capital, Brasília. During the meeting, Ignacio Galán emphasized Iberdrola’s strong commitment to Brazil. Over the past year alone, the company has invested around 30 billion reais (over 5 billion euros) in the country. This level of investment has made Iberdrola the largest investor in Brazil’s electricity sector. Following the renewal of its electricity distribution concessions, Iberdrola plans to continue investing heavily in Brazil in the coming years.

The focus will be on expanding and modernizing its electricity networks to improve reliability and efficiency. The company also aims to extend electrification to underserved areas, including parts of western Bahia. This effort is expected to support households and industries—especially sectors like agriculture and food production—by providing access to stable, affordable, and cleaner energy. Iberdrola operates in Brazil through its subsidiary Neoenergia, which has a wide presence across the country.

The company is active in 18 states and the Federal District, managing an extensive infrastructure network that includes more than 725,000 kilometres of electricity distribution lines and around 8,000 kilometres of transmission lines. In addition, it has a renewable energy capacity of about 3,600 megawatts, mainly generated through hydroelectric power. Overall, Iberdrola’s continued investment and expansion in Brazil highlight its focus on strengthening energy infrastructure, supporting economic development, and accelerating the transition to cleaner energy sources in one of its most important international markets.