Neoenergia is a publicly-held company with shares (NEOE3) traded at the São Paulo Exchange. Controlled by the Spanish company Iberdrola, it operates in Brazil since 1997, and is one of the leader companies in Brazilian electric sector. With presence in 18 states, its businesses are divided in the areas of energy generation, transmission, distribution and trading. Its distributors, Coelba (BA), Celpe (PE), Cosern (RN) and Elektro (SP) serve 14 million customers, amounting to 34 million people.
Neoenergia has 4,5 GW in operation, being 88% from renewable energy and 1 GW under construction. In the transmission segment, it has 685,2-km lines in operation and 4,862 under construction.
Through Instituto Neoenergia, which has completed one year of operation in 2019, the company promotes initiatives with the purpose of improving the quality of life in the communities where it operates, and the institute is the representative of Fundación Iberdrola in Brazil. The main objectives are the contribution to the improvement of the quality of life of the most vulnerable people and to the sustainable development.