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Neoenergia announced its Financial and Operating Results for the second quarter and first half of 2021 today (20). The company's significant results, which reflect the company's financial strength and responsibility, include net earnings of R$ 2 billion over the first half of the year and R$ 1 billion in 2Q21, a 137% increase on 2Q20. EBITDA was R$ 2.3 billion in the quarter, rising 108% compared with the second quarter of 2020.

Injected energy totaled 37,208 GWh over the first half of the year and 18,702 GWh in 2Q21, up 23.7% compared with 2Q20 and not including Neoenergia Distribuição Brasília, which was incorporated in March of 2021.

 “Over the second quarter of 2021 and on a cumulative basis for the year, we have reported highly consistent results with both net earnings and EBITDA increasing. Neoenergia's performance reflects the market recovery after the main social distancing period caused by the Covid-19 pandemic. These significant figures are the results of efforts in several areas, such as our operation to reduce losses, cut the number of losses, reporting the best figures of any distributor, particularly at Coelba and Celpe. Injected energy and collections were also quarterly highlights as were the easier payment options now available to customers", said Mario Ruiz-Tagle, Neoenergia CEO.

The company invested the equivalent of R$ 3.5 billion over the first half of the year, an increase of 50% compared to 6M20, benefiting from the company's expansion strategy and progress on its projects, particularly in the Wind and Transmission segments.

The results also reflect investments in Distribution.   Over the first six months of the year, the company registered CAPEX of R$ 1.8 billion, of which R$ 1.2 billion was invested in network expansion in order to improve infrastructure and service quality. The company invested R$ 986 million in Transmission during 6M21, a R$ 380 million year on year increase.

Renewable energy, one of the company's strategic pillars, was one of the highlights in this year's first half figures. Wind generation totaled 807 GWh, a 23.54% increase compared with 6M20 as use of the resource increased.  Quarterly availability rose above 97%, as scheduled, with investment over the first half of the year totaling R$ 691 million.  The Hydroelectric Power Stations received R$ 52 million in investment during 6M21, of which R$ 37 million was recognized in Itapebi's intangible assets resulting from the GSF agreement in 1Q21.

The company is focused on expanding its portfolio of renewable sources and has brought forward works on the Luzia solar power station. Construction on the new project began in May of this year and it is expected to start commercial operation in 2022. Two wind farms will be built in Sertão da Paraíba with installed capacity of 149.3 MWp, all of which will be sold on the free market. This project marks Neoenergia's first foray into centralized photovoltaic generation and presents operational synergies with other regional company businesses in Wind and Transmission.

“We continue to execute our business plan, maintaining our projects and investments aligned with our original plans for the quarter. Our investments are mainly in Transmission and Renewable Energy, where we have significant deliverables for this and next year. We remain committed to pushing ahead with our projects and bolstering the national electrical system. Over the first half of the year, we have seen a 50% increase compared with the first half of last year", said the CEO.

Neoenergia also wants to build a legacy and is investing to support sustainable development and generate social and cultural benefits in the Brazilian regions where it operates. The company has partnered with the BNDES on the Recovering History Program which supports initiatives to protect Brazilian heritage and keep the national memory alive.

The company also has initiatives to address Diversity among its stakeholders. Notably, it is the first exclusive sponsor of the women's national football team in Brazil and is part of the Junt+s Program, which promotes more inclusive work environments that respect differences, offer empowerment and reduce prejudice.