Company brought together key executives to present strategies and goals focused on business for the coming years

Neoenergia held its first Investor Day in São Paulo, reinforcing its commitment of acting with transparency and promoting sustainable value creation to its stakeholders. With the presence of market analysts and investors, the event was conducted by the company's main executives, who made a retrospective of the last years, showed the company's most relevant deliveries, besides approaching the sector's outlook. The highlights were the strategic fronts of Organic Market Growth of its Concessions, opportunities in Renewables, Digitalization, Regulation, Market Liberalization, and ESG (environmental, social, and corporate governance factors).

“We were very pleased to have the opportunity to celebrate our first Investor Day face-to-face. I am proud of what Neoenergia is today, a pioneer, modern company, with an engaged team and results in line with what we have committed to at the time of our IPO. I am highly confident in what this management team and the nearly 16 thousand company employees are doing and in what we will accomplish in the coming years," says Neoenergia's CEO, Mario Ruiz-Tagle.

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For Renato Rocha, Neoenergia's Investor Relations Officer, "this event was a unique opportunity to share in-depth knowledge about how our company works and its guidelines with maximum clarity and transparency, in addition to promoting closer contact between our executives and our investor audience."

The guests had the opportunity to learn about the main transmission and renewable deliveries, such as the energization of the second stretch of the Santa Luzia transmission line, which comprises the connection between substations Santa Luzia II (Paraíba) and Milagres II (Ceará). Energization was completed after obtaining the Operation License, granted by the Brazilian Institute for the Environment and Renewable Natural Resources (IBAMA). The TL is part of lot 6 of the transmission auction held in December 2017 and, upon completion of this stage, the line will be fully operational. The project, delivered 16 months ahead of the contractual term set by the National Electric Energy Agency (Aneel), will contribute to the flow of clean energy generation in the region, where the company already has wind farms in operation. Luzia solar park is also in the region. Construction began in May and this will be the company's first project for centralized photovoltaic generation.  

With a focus on decarbonization, Neoenergia accelerated the construction of its largest renewable energy projects in the country and anticipated the delivery of the first farms of Chafariz wind project, located in Paraíba. The company started the operation of four parks of the enterprise in the last quarter, amounting to an installed capacity of 184 MW, energy that has already benefited the electrical system in this period of water scarcity.

The commercial operation of the first generating units of the Chafariz wind project began in July, 17 months ahead of the agreement being in effect in the regulated market. Today, the project has already over 50 wind turbines in operation, distributed in three wind farms. 

“The future is promising and Neoenergia will continue to be a growth case with efficiencies to generate value. We had organic growth in distributors and high growth in renewables with a long way to go to meet our goal of being emission neutral by 2050. I have an optimistic view that the changes focused on decarbonization, decentralization, and digitalization will bring unique opportunities for Brazil and for the planet as a whole. We have a great potential, and the electric sector will be a key agent in this transition, always allied with innovation”, says Mario Ruiz-Tagle, Neoenergia’s CEO.