Wedoany.com Report-Feb 8, Iberdrola’s Brazilian subsidiary, Neoenergia, has sold its 70% stake in the Baixo Iguaçu Hydroelectric Power Plant to French electricity company EDF and investment fund STOA. The transaction is valued at 1.43 billion Brazilian reals (approximately € 240 million), with the final price subject to standard adjustments.
The Baixo Iguaçu plant, located in Paraná, has an installed capacity of 350 MW and 172 MWm of assured energy. It is managed by a consortium comprising Neoenergia and Copel (30%) and is situated on the Iguaçu River, between the municipalities of Capanema and Capitão Leônidas Marques. The facility has three generating units, supplying electricity to approximately one million people through clean and renewable energy production.
Neoenergia‘s decision to sell aligns with Iberdrola’s asset rotation strategy, which focuses on optimising its portfolio, maintaining capital discipline, and simplifying its structure.
The Baixo Iguaçu Hydroelectric Power Plant began commercial operations on April 10, 2019. Since then, it has played a key role in stabilising the National Interconnected System (SIN) and contributing to the growth of Brazil’s energy matrix.
The plant, which required an investment of more than €500 million, was designed to control the water flow of the Iguaçu Falls, one of the seven natural wonders of the world. It supplies sustainable energy to one million Brazilians and generates nearly 8% of the annual electricity demand of the State of Paraná.
