Engie partners with WEG for synchronous compensators in transmission auction
Engie has secured victory in two lots of the first 2026 Transmission Auction held on B3, by forming a partnership with WEG. This strategic alliance focuses on the supply of synchronous compensators, a technology Engie is integrating to diversify its transmission portfolio. The partnership with WEG, a manufacturer of these critical equipment, was negotiated in advance to ensure Engie's success in the auction. This deal highlights Engie's commitment to enhancing grid stability and capacity through advanced technological solutions.
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Counterparts (2)
Partner
ENGIE
ENGIE is a global energy player focused on accelerating the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. They provide services to cities, industries and individuals.
WEG
Brazilian industrial equipment manufacturer with a focus on electric motors, generators, and transmission equipment, operating across multiple countries.
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Announced
Mar 27, 2026
Signed
Closed
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