Neoenergia sells Baixo Iguaçu hydroelectric plant in Brazil

Neoenergia, Iberdrola’s Brazilian subsidiary, has sold its 70% stake in the Baixo Iguaçu Hydroelectric Power Plant to EDF and STOA for 1,430 million Brazilian reals (approximately €240 million). Located in Paraná, the plant has an installed capacity of 350 MW and assured energy of 172 MWm. This transaction supports Iberdrola’s asset rotation strategy, focusing on…