From News Desk

Global investment group La Caisse; and Grupo Energía Bogotá (“GEB”), a South American energy infrastructure group, announced that they have entered into a final agreement to create a jointly controlled, 50/50 power transmission platform in Brazil. They bring together their respective transmission assets in the country under a single joint venture which will retain the name Verene Energia SA (“Verene”).

The combined platform will comprise 26 electric transmission concession agreements, more than 9,000 km of transmission lines and over 400 employees, with operations spanning 17 Brazilian states. With this scale, Verene will rank among the top five power transmission players in Brazil.

Verene will continue to operate as the reference platform for the combined portfolio. It will be positioned to pursue disciplined growth opportunities in Brazil’s transmission market. This shall include the optimisation and expansion of existing networks and potential acquisitions, in line with Brazil’s broader grid modernisation and decarbonisation objectives.

Juan Ricardo Ortega, President, GEB said, “Our partnership with La Caisse marks a significant milestone in our long-term strategy for Brazil. By combining our operational expertise and regional market knowledge with the financial strength and global perspective of our partner, we are creating a platform positioned to accelerate growth, expand transmission energy infrastructure, and support Brazil’s energy transition. We believe this alliance will generate sustainable value for our stakeholders and contribute to Brazil’s economic and energy development.”

Emmanuel Jaclot, Executive VP and Head, Infrastructure and Sustainability, La Caisse said, “By bringing together highly complementary assets under one banner, the partnership establishes Verene as a scaled, business-driven platform with strong financial backing. GEB brings more than 130 years of operating heritage and ranks among South America’s energy infrastructure groups, with expertise across the region’s transmission sector. Together, we share a vision to strengthen Verene’s footprint in Brazil through value-creating acquisitions and continued support for the country’s energy transition.”