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Neoenergia
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Short description

Large electricity utility in Brazil present at all levels of the value chain, from generation to commercialization

Founded in 1997
Founded in

Company type Private Public ()
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TRL Range
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Brazil Rio de Janeiro, Brazil
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Updated by Cleantech Group on 06/07/2019

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Date Company
Partnerships
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Date Partner Type
06/15/2014
Iberdrola Iberdrola
Iberdrola and Brazil’s Neoenergia will partner to build three wind farms in Brazil with a total installed capacity of 84 MW. The companies’ joint venture, known as Força Eolica do Brasil, will build the three wind farms in the northeastern state of Rio Grande do Norte at a cost of $200 million.
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Confirmed by Iberdrola
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IPO INFORMATION

Date

06/07/2019

IPO status

Speculated

IPO Type

IPO

Amount

$850M

Initial shares

Ticker symbol

Exchange listed

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Description

Neoenergia shares will be priced within a range of 14.42 reais to 16.89 reais. Shareholders Iberdrola SA, Banco do Brasil SA and Brazilian pension fund Previ will sell part of their stakes in the IPO. Pricing of the offering will happen on June 27, and shares will begin trading on July 1. Iberdrola aims to sell 29.7 million shares, Banco do Brasil, 113.4 million shares, and pension fund Previ, 64.9 million shares. The pricing range values the full company between 17.5 billion reais and 20.5 billion reais ($4.5 billion and $5.28 billion).

Date Investors Type Amount
PREVI PREVI (1)
Post-money valuation of
Buyout / Late-Stage Private Equity
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