MONTRÉAL, CANADA and BOGOTÁ, COLOMBIA (By GEB, 15.May.2026, Words: 325) — Global investment group La Caisse, and Grupo Energía Bogotá (GEB) entered into a final agreement to create a jointly controlled, 50/50 power transmission platform in Brazil, bringing together their respective transmission assets in the country under a single joint venture which will retain the name Verene Energia S.A.
Financial close is expected by the fourth quarter 2026, subject to customary closing conditions and relevant consents and approval.
RELATED: ECOPETROL ADVANCES ACQUISITION OF THE JEMEIWAA KA’I WIND CLUSTER IN LA GUAJIRA
The combined platform will comprise 26 electric transmission concession agreements, more than 9,000km of transmission lines, and over 400 employees, with operations spanning 17 Brazilian states. With this scale, Verene will rank among the top 5 power transmission players in Brazil.
Verene will continue to operate as the reference platform for the combined portfolio and will be positioned to pursue disciplined growth opportunities in Brazil’s transmission market, including the optimization and expansion of existing networks and potential acquisitions, in line with Brazil’s broader grid modernization and decarbonization objectives.
RELATED: COLOMBIA’S RISE AS A GLOBAL INVESTMENT DESTINATION
La Caisse was advised by BTG Pactual as financial advisor and Pinheiro Neto Advogados as legal advisor. GEB was advised by Citibank as financial advisor and Mayer Brown as legal advisor.
Juan Ricardo Ortega, President at 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 Vice-President and Head of Infrastructure and Sustainability at 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 Latin America’s leading energy infrastructure groups, with deep 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.”
____________________
