Iberdrola expands Brazil power transmission partnership with Singapore’s GIC

By Public Technologies
  • Iberdrola, via Neoenergia, completed an expansion of its Brazil power-transmission partnership with Singapore sovereign fund GIC.
  • Deal adds seven Neoenergia transmission assets into the joint platform, lifting Neoenergia’s stake in Neoenergia Transmissão to 51% from 50%.
  • GIC retains 49%; the platform totals 16 assets, 6,710 km of lines, about BRL 25.5 billion in value.
  • Annual permitted revenue is estimated at about BRL 1.9 billion, supported by long-term regulated returns.
  • Iberdrola reiterated plans to invest about EUR 30 billion in global grids through 2028, targeting the UK, US, Brazil.


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