Brazil
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Iberdrola, through its Brazilian affiliate Neoenergia, officially opened the Baixo Iguaçu hydroelectric power plant, a 350-MW facility with an investment of more than €500 million.

The plant will supply sustainable energy to a million Brazilians and its production is equivalent to nearly 8% of the annual electricity demand of the State of Paraná, where the project is located.

During the event, Galán stressed that "we are proud to contribute to the economic and social development of the country" and announced that Iberdrola's commitment will continue to increase. "Over the next five years alone, we are going to invest around €6.5 billion in new projects in Brazil to continue improving country's electricity supply and, thus, its competitiveness."

He also highlighted the social and environmental importance of the Baixo Iguaçu project: "This facility is of benefit to the Iguaçu Falls, as it contributes to maintain the minimum water flows required. In addition, many initiatives have been undertaken in the areas of health, education, infrastructure, public safety and biodiversity in order to preserve and enhance the well-being of the region."

The environmental impact associated to the construction of a power plant of this nature has been minimized as much as possible. Practically, the water channel has not been modified, given that of the 31 km2 of the plant's reservoir more than 20 km2belong to the river itself. Also, thanks to the use of three Kaplan turbines, one of the most efficient on the market, the necessary flooding area is significantly smaller than that of other hydroelectric plants of similar size.