Performance

Our five Discos provide power to about 17 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 around 40 million people.

In line with their commitment to creating value for customers, Neoenergia’s distribution companies have invested in enhancing their customer service operations and introduced new tools that provide greater convenience and efficiency in the delivery of the services they offer.

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 610 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 transmission auction n. 002/2017, when it acquired two transmission concessions – Jalapão and Santa Luzia – located in the States of Tocantins, Piauí, Bahia, Maranhão, Ceará and Paraíba, adding 1,074 km of lines and one owned substation.

In December 2018, at transmission auction n. 004/2018, Neoenergia won 4 new lots (Vale do Itajaí, Guanabara, Itabapoana and Lagoa dos Patos) located in the States of Santa Catarina, Paraná, Rio de Janeiro, Minas Gerais, Espírito Santo e Rio Grande do Sul, adding 2,526 km of lines and six owned substation.

In December 2019, at transmission auction n. 02/2019, Neoenergia won lot 9 (Rio Formoso), located in Bahia, which comprises 1 transmission line of 202 km and 1 owned substation.

In December 2020, at transmission auction n. 01/2020, Neoenergia won lot 2 (Morro do Chapéu), located in the States of Bahia, Minas Gerais and Espírito Santo, which comprises 1.039 km of extension and 1 owned substation.

In December 2021, at transmission auction nº 02/2021, the Company won lot 4 (Estreito), located in the State of Minas Gerais, comprising the Estreito 500 kV Substation – 3 synchronous compensators.

In June 2022, at transmission auction n. 01/2022, Neoenergia won lots 2 and 11 (Alto Paranaiba and Paraíso), adding another 1,880 km of transmission lines and 2 owned substations. Lot 2 is located in the states of Minas Gerais and São Paulo and Lot 11 is located in the state of Mato Grosso do Sul.

With the agreement signed with GIC in April 2023 for the sale of a 50% stake in Neoenergia Transmissão, following the closing of the transaction, 8 operational assets became jointly owned, with 50% held by Neoenergia and 50% by GIC: Rio Formoso, Santa Luzia, Atibaia, Biguaçu, Narandiba, Jalapão, Dourados, and Sobral. For the assets that were under construction at the time, GIC was granted a Right of First Offer (ROFO) to acquire a 50% stake once they became operational.

In April 2025, following the start of operation of Itabapoana, Neoenergia announced the sale of a 50% stake in this transmission line to Unique Power, an investment fund wholly owned by GIC, for an equity value of R$127.5 million (based on September 30, 2024). This was the first transaction carried out under the development agreement signed between Neoenergia and GIC on April 25, 2023.

In 2025, Neoenergia completed its transmission investment cycle with the delivery of the final projects that were under construction, reaching R$2.0 billion in Annual Permitted Revenue (RAP) (2025/26 cycle) and R$19.4 billion in regulatory assets. As a result, the company currently has a portfolio of 18 operational assets, totaling more than 8,000 km of transmission lines and 16 owned substations.

In April 2026, Neoenergia announced the repurchase of 1% of GIC’s stake in Neoenergia Transmissão and the sale of 49% stakes in an additional 7 transmission assets to GIC for an equity value of R$2.4 billion (based on September 30, 2025). Upon closing of the transaction, Neoenergia will hold 51% of the total share capital of Neoenergia Transmissão, thereby obtaining a controlling interest in the company.

We operate in both conventional and renewable energy generation, with our renewable portfolio comprising three sources: wind, hydroelectric, and solar. Our business has installed capacity of 4 GW and potential installed capacity of 5.5 GW (Pipeline Greenfield). Of the installed capacity, 1.7 GW refers to hydroelectric plants in operation, 1.6 GW refers to wind farms in operation, 0.15 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 2 parks in operation, which comprises the Luzia Solar Complex.

In December 2022, after the closing of the asset exchange signed with the Eletrobras Group, Neoenergia held a 100% stake in Dardanelos and withdraws its stake in Teles Pires and Baguari. After this transaction, Neoenergia had 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.

On March 30, 2026, Neoenergia announced the closing of the transaction that increased its direct and indirect stake in the Corumbá Hydroelectric Power Plant (HPP) to 76%, enabling Neoenergia to fully consolidate the Corumbá HPP in its financial statements.

On April 2, 2026, Neoenergia announced the closing of the transaction involving the sale of the Dardanelos HPP, which resulted in the reduction of Neoenergia’s indirect ownership interest to 25%.

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.

In the industrial green solutions segment, 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%.