Controlled by Spanish group Iberdrola, Neoenergia operates in Brazil since 1997. Since then, it has expanded its activities and currently holds assets in energy distribution, generation, transmission and trading in 18 states. The company's distributors are Coelba (BA), Celpe (PE), Cosern (RN) and Elektro (SP). These four companies serve 13.9 million customers, corresponding to around 34 million people - making Neoenergia the second largest group in Brazil based on the quantity of consumers [1].
One of the growth drivers in Brazil are investments in transmission. The group owns three enterprises in operation (679 km extension) and 10 under construction (4.7 thousand km). In wind power, a renewable source, Neoenergia owns 17 wind parks in operation (516 MW capacity) and further 15 are under construction (with over 471 MW capacity). In hydro power, the numbers are: 6 hydro power plants in operation and 1 under construction, in a total amount of 3,000 MW, being only 10% still in implementation stage. The group also owns a gas-based thermo power plant with 533 MW. Also as a highlight, energy trading has increased 10% in 2018, with the sale of 1.5GW/average, in line with the trend of free market expansion.
[1] 1Q19 Data