business

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.

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.

We have inaugurated 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.

The world is advancing at a dizzying pace and opportunities are multiplying for those who have the vision and right attitude. StartComillas, an initiative by the Universidad Pontificia Comillas, foster the entrepreneurial spirit of its students by offering them the training, support and resources they need. Find out more about this initiative directly from its chairwoman, Pilar Hernández.

A PPA (Power Purchase Agreement) is a long-term agreement between a renewable developer and a consumer for the purchase of energy. The Iberdrola group has extensive experience in this sector in countries like the United States, Mexico and Spain.