A 50/50 joint venture will unite 9,000+ km of transmission lines under one platform
Two of Latin America's largest energy infrastructure investors are consolidating their Brazilian transmission assets into a single platform, betting on the country's grid modernization push.
La Caisse de dépôt et placement du Québec and Colombia-based Grupo Energía Bogotá (GEB) have signed a final agreement to merge their respective Brazilian power transmission holdings into a jointly controlled, 50/50 venture under the name Verene Energia S.A.
The combined entity will hold 26 electric transmission concession agreements, more than 9,000 km of transmission lines, and over 400 employees across 17 Brazilian states.
A scale the partners say places Verene among Brazil's top five transmission operators.
Verene will pursue growth through network optimization, infrastructure expansion, and potential acquisitions, aligned with Brazil's broader decarbonization objectives.
Emmanuel Jaclot, executive vice-president and head of infrastructure and sustainability at La Caisse, said GEB brings "more than 130 years of operating heritage" to the venture.
Jaclot said the partners plan to grow Verene's footprint in Brazil through acquisitions and continued support for the country's energy transition.
GEB president Juan Ricardo Ortega said the deal marks "a significant milestone" in the company's long-term Brazil strategy, citing the combination of GEB's regional expertise with La Caisse's financial reach.
Financial close is expected by Q4 2026, pending regulatory approvals.
