CDPQ-backed Verene Energia to acquire SPE 7 from Equatorial Energia for $154m.

CDPQ-backed Verene Energia, an investment holding company in the electric power sector, agreed to acquire SPE 7, a strategic and modern power transmission network spanning 124 kilometres in the state of Pará, in northern Brazil, from Equatorial Energia, an electric services company, for $154m. “This new transaction reaffirms our commitment to investing in critical assets that unlock the full potential of renewable energy projects and accelerate energy transition, particularly in Brazil, a core market for us. To this end, we will continue to grow Verene Energia, the driving force for the development and operation of CDPQ’s power transmission assets in Latin America," Emmanuel Jaclot, CDPQ Executive Vice-President.