Neoenergia
is a joint-stock company with shares (NEOE3) traded at the São
Paulo Stock Market. Part of Spanish group Iberdrola,
the company operates in Brazil since 1997, currently one of the
leading companies in the national power sector. Operating in 18
states and Federal District, businesses are split into the areas of
power generation, transmission,
distribution
and commercialization.
The distribution companies, Coelba
(BA), Celpe
(PE), Cosern
(RN), Elektro
(SP) and CEB-D (DF) service over 15
million clients, which roughly equals a total population over 37
million people.
Neoenergia
has 4.1
GW in generation, with 90% of renewable energy, and an
additional 1 GW is currently being implemented with the construction
of new wind farms. The company controls 679 km of transmission lines
in operation, and another 4,862 km are currently under construction.
Through
Instituto
Neoenergia, which completed its first year of operation in 2019,
the company promotes initiatives in order to contribute to the
improvement of quality of life in communities where it operates, as
the representative of Fundación
Iberdrola in Brazil. Its main goals are contributing to am
improvement in quality of life for vulnerable people, and
sustainable development.