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Iberdrola, GIC expand Brazilian transmission joint venture
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Fusion42 · 1 October 2026 · Fusion42 review
Singapore's GIC and Spain's Iberdrola expand their Brazilian transmission joint venture by adding seven new assets, raising the JV's stake to 51% for Iberdrola and 49% for GIC, growing the asset base to €4.25bn with 6700km of lines. This expansion aligns with Iberdrola's plan to invest €37bn in transmission by 2028 focused on stable markets like Brazil, the US, and the UK, supporting the ongoing clean energy transition and electrification efforts.
This Wire brief sits within Fusion42's coverage of Climate Tech.
◆ ◆ The Wire takeaway
You have a clear path to partner in Brazil's growing transmission market as Iberdrola’s stake expansion signals strong commitment and capital flow in clean power infrastructure. If you supply components or services for transmission lines, this is a sign to engage now with Brazilian grid projects.
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1 source · 1 Oct 2026
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