Iberdrola expands Brazil power transmission partnership with Singapore’s GIC

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iberdrola SA published the original content used to generate this news brief on October 01, 2026, and is solely responsible for the information contained therein.