In 2024, Neoenergia signed a memorandum of understanding (MoU) with the state government of Rio de Janeiro to explore the development of offshore wind projects and deployed a floating LiDAR off the north coast of Rio de Janeiro the following month.
The move to acquire full ownership in the Brazilian company follows Iberdrola’s takeover of its subsidiary in the United States, Avangrid, in 2024.
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14 days ago
about 3 months ago
Spanish energy major Iberdrola is set to increase its ownership in Neoenergia to 98 per cent after a strong shareholder response to its takeover bid, marking one of the largest delisting transactions in Brazil to date, the company said on 9 April. Following the auction related to the offer launched
