Performance

Our five Discos provide power to about 16.7 million customers in the states of Bahia, Pernambuco, Rio Grande do Norte, Distrito Federal and part of the states of Paraíba, São Paulo and Mato Grosso do Sul, covering a population of more than 37 million people.

We also operate in the transmission of electric power, which includes the operation and maintenance of transmission lines and substations with a voltage equal to or greater than 230 kV and which are part of SIN – National Interconnected System. The remuneration of these assets is made through a Permitted Annual Revenue – RAP, resulting from the Transmission Auctions and/or Authorizing Resolutions (reinforcements in existing facilities) collected from the users of the system.

With the incorporation of Neoenergia Elektro, in August 2017, we added 578 km of new transmission lines to our electric grid and 10 transmission substations, one owned and nine shared, located in the states of Mato Grosso do Sul, São Paulo, Santa Catarina and Ceará, and which were sold at the Transmission Auction held by ANEEL in April 2017.

Still in 2017, Neoenergia was once again winner in Auction n. 002/2017 – ANEEL when it acquired two concessions – Lots 4 and 6 – of transmission, which together comprise 4 lines of 1,074 km and 6 substations, located in the States of Tocantins, Piauí, Bahia, Ceará and Paraíba.

In December 2018, at Auction n. 004/2018-ANEEL, Neoenergia won 4 new lots (1, 2, 3 and 14) corresponding more than 2,500 km in length.

In the Auction for the Concession of Transmission Public Service of electric power n. 02/2019, Neoenergia won lot 9, located in Bahia, which comprises 1 transmission line of 210 km and 2 substations. The lot (Rio Formoso) went into operation in January/2023.

Neoenergia purchased in December 2020, in the Transmission Auction n 01/2020 promoted by ANEEL, lot 2, which comprises three 500 kV transmission lines, one 230 kV transmission line and a new 500 kV substation with synchronous compensation – Medeiros Neto – amounting to 1,091 km in length and mostly covering Bahia, in addition to Minas Gerais and Espírito Santo. The Aneel deadline for the construction of the lot (Morro do Chapéu) is until March/2026.

In December 2021, in the Transmission Auction nº 02/2021, the Company won lot 4, located in the State of Minas Gerais, comprising the Estreito 500 kV Substation – 3 synchronous compensators, with a bid of R$ 37.1 million and discount of 58.63%, compared to Permitted Annual Revenue (RAP) of R$ 89.7 million. The lot (Estreito) went into operation in September/2024.

In the transmission auction nº 01/2022, held in June/2022, Neoenergia won two transmission lots (lots 2 and 11), adding another 1,998 km of transmission lines and 2 new substations. Lot 2, located in the states of Minas Gerais and São Paulo, was sold with a bid of R$360 million and a discount of 50%. The investment estimated by Aneel is R$ 4,939 million and the Aneel term for construction of the lot (Alto Paranaiba) is until September/2027. Lot 11, located in the states of Mato Grosso do Sul, was awarded with a bid of R$ 38 million and discount of 45.7%. The lot (Paraíso) went into operation in June/2024.

In March 2025, the company had in operation Afluente T, Narandiba, Potiguar Sul, Atibaia, Biguaçu, Sobral, Dourados, Jalapão, Santa Luzia, Rio Formoso, Itabapoana, Estreito, Paraiso e Lagoa dos Patos, totaling 3.8 thousand km of transmission lines and 17 transmission substations located in the States of Bahia, Paraíba, Rio Grande do Norte, Mato Grosso do Sul, São Paulo, Santa Catarina, Ceará, Tocantins, Piauí, Maranhão and Minas Gerais. Under construction, we have 4.6 thousand km of transmission lines and 9 substations.

Thus, among assets in operation and under construction, we have a total portfolio of 8.4 thousand km of transmission lines and 26 transmission substations, totaling more than R$ 1.9 Billion of RAP.

With the contract signed with GIC in April 2023 for the sale of a stake in Neoenergia Transmissão, after the closing of the transaction, 8 operating assets are held 50% by Neoenergia and 50% by GIC, namely: Rio Formoso, Santa Luzia, Atibaia, Biguaçu, Narandiba, Jalapão, Dourados and Sobral. For assets under construction, GIC have the Right of First Offer to acquire a 50% interest when they become operational.

In April 2025, Neoenergia announced the sale of 50% of the Itabapoana transmission line to the Unique Power investment fund, fully owned by GIC, with an equity value of R$ 127.5 million (base date 09/30/24), subject to adjustments until the closing date.

We operate in both conventional and renewable energy generation. Our business has installed capacity of 4.5 GW and potential installed capacity of 5.5 GW (Pipeline Greenfield). Of the installed capacity, 2.2 GW refers to hydroelectric plants in operation, 1.6 GW refers to wind farms in operation, 0.1 GW refers to the solar park and 0.6 GW refers to Termopernambuco (thermal plant in operation).

The hydroelectric generation is owned by 4 plants: Itapebi, Dardanelos, Corumbá III, and Belo Monte.

The wind generation is owned by 44 wind farms in operation and solar generation is owned by Luzia Solar Complex.

In December 2022, after the closing of the asset exchange signed with the Eletrobras Group, Neoenergia holds a 100% stake in Dardanelos and withdraws its stake in Teles Pires and Baguari. After this transaction, Neoenergia has 5 hydroelectric generation assets in its portfolio.

In 2023, we completed the cycle of investments in renewable energy, with the inauguration of the Neoenergia Renewable Complex in Paraíba, the first associated generation facility in Brazil, which joins the Chafariz wind farm with the Luzia solar park, more than 570 MW of capacity, optimizing the use of transmission networks and increasing the profitability of projects. Furthermore, we completed the Oitis Wind Complex, between Bahia and Piauí, which added another 567 MW to our renewable generation capacity.

In July 2024, Neoenergia‘s Board of Directors approved the joint venture with Carbon2Nature S.A.U. (“Carbon2Nature“), a Spanish entity, controlled by Iberdrola, specialized in the development of nature–based projects for the generation and subsequent trading of carbon credits. The joint venture was named Carbon2Nature Brasil S.A.

In November 2024, Neoenergia announced an operation with CCR for the implementation of self–production of energy from wind sources, generated by the Oitis Complex, which has 566.5MW of installed capacity, of which 44 MWm will be allocated to CCR subsidiaries for a period of 16 years.

In June 2025, Neoenergia announced the conclusion of the sale of Geração Céu Azul S.A. to Copel Geração e Transmissão S.A. for the amount of R$ 1.05 billion, no longer holding, as of this date, any interest in the Baixo Iguaçu hydroelectric plant.

Termopernambuco

Neoenergia also has a combined cycle gas-fired power plant, the Termopernambuco thermoelectric plant (Termope), located in the State of Pernambuco, with 0.6 GW of installed capacity in operation. Termopernambuco was part of the Priority Thermal Power Plant Program (PPT), with revenue guaranteed by the power purchase agreements (PPAs) signed with Neoenergia Coelba (65 MW) and Neoenergia Pernambuco (390 MW), valid until May 14, 2024.

In December 2021, the Company won the Reserve Capacity Auction, where all its available capacity was sold, at a power price of R$ 487,412.70 MW/year, with supply starting on July 1, 2026, with a term of 15 years (until June 30, 2041), thus ensuring fixed power revenue of R$ 207 million per year, on the base date of Jul/2021. The start of this contract was brought forward by 21 months, to October 1, 2024.

Neoenergia Group offers a diversified portfolio of energy products and solutions for a broad range of customers, through its subsidiary Neoenergia Comercialização.

The company has started its activities under the name of NC Energia in 2001, developing customized solutions intended to the free energy market – an environment where companies may choose their suppliers and freely trade volumes and prices of electric energy.

In the Distribute Generation segment, the company operates in the integration of solar energy systems to micro and mini-generation, from the project design to the structure installation and solar plant commissioning, creating sustainable solutions for residential, commercial and industrial customers.

In the area of Engineering and Construction, the trader operates in all steps related to energy infrastructure of projects, such as the construction of substations and transmission lines. The company works from the project design to the final stages of works and construction management.

Neoenergia Comercialização also provides specializing service to the various market segments, including further services related to the management and trading of electric energy.

Neoenergia reduces its emissions of carbon dioxide equivalent, contributing to the achievement of its NET ZERO goals. The company offers solutions for companies‘ decarbonization projects to happen in a safe, effective, sustainable and profitable way, through specialized resources that reduce your company‘s energy cost by up to 25%.