Neoenergia* is the largest brazilian energy distributor and one of the largest in Latin America in terms of customers, and the second largest in quantity of energy distributed in Brazil. It is present in all phases of the electrical process: distribution, transportation, generation, both conventional and renewable, and energy commercialization.
* Neoenergia, S.A. is 50% + 1 share indirectly owned by Iberdrola, S.A.
Neoenergia operates in 18 states and manages 13.9 million supply points in a concession area covering more than 840,800 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.
This island is located about 545 km from Recife, the capital of Pernambuco, and it is within the concession area of CELPE, the distributor for the Neoenergia group — the Iberdrola group subsidiary in Brazil —. Neoenergia implements sustainable and smart energy solutions in response to the challenges of generating and distributing energy in a beautiful and delicate ecosystem.
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.