Corporate Profile and Background

Corporate Profile

Controlled by the Spanish group Iberdrola, Neoenergia is an integrated energy company that operates in three strategic segments: (i) Networks – distribution and transmission (ii) Renewables – Wind, hydroelectric and Solar generation (iii) Liberalized – thermal generation and energy trade. It operates in 18 states and in Distrito Federal, with a strong presence in the Northeast, one of the fastest growing regions in terms of GDP and population.

Covering a concession area of about 841 thousand square kilometers and with approximately 15.3 million consumer units served by 5 Discos – Neoenergia Coelba (BA), Neoenergia Pernambuco (PE), Neoenergia Cosern (RN), Neoenergia Elektro (SP/MS) and Neoenergia Brasília (DF) – Neoenergia is responsible for supplying electric power to 37 million people.

In the Generation segment, between assets in operation or under construction, the group has an installed capacity of 5.1 GW and potential installed capacity of 1.2 GW (Greenfield Pipeline). Our generation platform is based on a clean-source matrix, with a significant share of renewable resources, and enjoys long-term concessions as well as long-term trading agreements in the regulated market (CCEAR). We believe that the matrix diversity together with our presence in the distribution, transmission, generation and trading segments allow us consistency in producing results and mitigating risks.

Founded in 1997, following the privatization of the distribution concessionaires in the States of Bahia (Neoenergia Coelba) and Rio Grande do Norte (Neoenergia Cosern), and having acquired Neoenergia Pernambuco in 2000, Neoenergia is one of the largest integrated companies in the electricity sector in Latin America.

Our growth has been essentially organic, driven by major investments in quality improvement, universalization of access to energy in our concession areas, and the development of Greenfield generation projects primarily from clean sources, in addition to transmission lines.

The merger of Neoenergia Elektro in August 2017 consolidated Neoenergia as an integrated electric power company in Latin America, also present in the distribution segment in São Paulo, most developed state in Brazil.

With the acquisition of the distribution company Neoenergia Brasília (old CEB-D), in March 2021, Neoenergia starts to assume the energy distribution to customers in Distrito Federal, with the commitment to expand investments and adopt an efficient management model that ensures the availability of the service and respect the human and natural resources. The incorporation of Neoenergia Brasília provides an opportunity to gain synergy with the other concessionaires in the group.

 

Background

The Company started investing in the energy distribution sector in 1997 with the purchase, at the privatization auction by the Guaraniana consortium, of Neoenergia Coelba, the largest distribution company in the northeast.

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