Iberdrola increases its investment in renewable energy in Brazil by 75% to €158 million in Q1 2022

The utility justifies this surge in investment with its commitment to expanding its clean energy portfolio and decarbonizing the power sector. The Spanish group is a global energy company and the second-biggest producer of wind power after Ørsted.

RIO DE JANEIRO, BRAZIL - Bilbao-based Iberdrola's investments in renewable energy projects in Brazil reached 808 million Brazilian reals (158 million euros) in Q1 2022 an increase of 75% compared to the same period last year, according to the company.

The Spanish group is a global energy company and the second-biggest producer of wind power after Ørsted.

The group justifies this investment drive by its commitment to expanding its

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