Energy group Neoenergia — Iberdrola’s Brazilian subsidiary — launched an initial public offering (IPO). The company, which operates in 18 Brazilian states and supplies 34 million people with electricity, reached a net income of 7.104 billion Brazilian reals in the first quarter of 2019, 28.1% more during the same period last year.
NEOENERGIA INITIAL PUBLIC OFFERING
Neoenergia goes public
Energy group Neoenergia* — Iberdrola's Brazilian subsidiary — launched an initial public offering (IPO). The company, which operates in 18 Brazilian states and supplies 34 million people with electricity, reached a net income of 7.104 billion Brazilian reals in the first quarter of 2019, 28.1% more during the same period last year.
Access the deferred broadcast from the São Paulo B3 Stock Exchange, which was held at 9:45 (São Paulo), 2:45 pm (Madrid time).
ALL THE IPO DOCUMENTATION
See all the Neoenergia initial public offering (IPO) documents.
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- sub ALL ABOUT THE NEOENERGIA GROUP
We are Brazil's energy giant
Neoenergia operates in 18 states and manages 13.9 million supply points in a concession area covering 840,000 km2. The company serves more than 34 million people and, since 1 July 2019, it has been the main private electricity company listed on the B3 in São Paulo with a capitalisation of around 19 billion Brazilian reais. MORE INFORMATION
- sub OITIS ONSHORE WIND FARM COMPLEX
Our largest onshore wind farm project in Latin America
Iberdrola group, through Neoenergia, will build the Oitis onshore wind farm complex in Brazil. Consisting of 12 wind farms, the new development will have a total installed capacity of 566.5 MW, which makes it the largest onshore wind farm project in Latin America and the second largest in the world. KNOW IT
- sub PARAÍBA ONSHORE WIND FARM COMPLEX
We strengthen our commitment to onshore wind energy in Brazil
Also through Neoenergia, Iberdrola is building the Paraíba wind complex in northeastern Brazil. Formed by 18 wind farms that will amount a total installed capacity of more than 565 MW, the new development will be commisioning between 2022 and 2023. DISCOVER IT
- sub CONTRIBUTION TO THE SDGS
Baixo Iguaçu, our contribution to one of the seven natural wonders of the world
We have officially opened the Baixo Iguaçu hydroelectric plant in Paraná, Brazil, which supplies a million people with renewable energy due to its total installed capacity of 350 MW. This facility actively maintains the water balance and guarantees the force of the famous Iguaçu waterfalls. FIND OUT HOW
- sub COMMITMENT TO SUSTAINABILITY
Fernando de Noronha: how to distribute energy in paradise
This island, around 545 km from Recife (Pernambuco), is served by the CELPE concession, a Neoenergia group distributor. To face the challenge of generating and distributing energy in a beautiful yet delicate ecosystem, the company is developing smart, sustainable solutions. FIND OUT MORE
* Neoenergia, S.A. is 50% + 1 share indirectly owned by Iberdrola, S.A.