Neoenergia and GIC expand partnership with transfer of seven transmission assets to joint venture

Neoenergia announced its third agreement with Singapore's sovereign wealth fund GIC, involving the transfer of seven transmission assets to Neoenergia Transmissão, a joint venture between the partners. The deal was executed through Unique Power FIP, a fund linked to GIC, which will now control the joint venture. This transaction expands their existing partnership framework, following previous collaborations between the two entities. The seven assets being transferred are part of Neoenergia's broader transmission portfolio in Brazil. The deal strengthens GIC's position in Brazil's energy infrastructure sector through its investment vehicle.

Counterparts (3)

Investor

U

Unique Power FIP

company · 1 deals

Partner

Neoenergia

company · 2 deals

Brazilian electric utility subsidiary of Iberdrola, operating in generation, transmission, distribution, and commercialization across 18 states and the Federal District. Develops and operates renewable energy projects including wind, solar, and hydropower with 3.9 GW of installed capacity.

GIC

company · 5 deals

GIC is a global long-term investor established in 1981 to manage Singapore’s foreign reserves. They are invested in more than 40 countries worldwide with a mandate to preserve and enhance Singapore's international purchasing power over the long term.