Terna Group has agreed to sell its portfolio of power transmission assets in Brazil, Peru and Uruguay to CDPQ for more than €265 million ($279 million).
Terna's recently constructed, state-of-the-art transmission network in Latin America extends 1,200 kilometers (746 miles) in the three aforementioned countries. With the acquisition, CDPQ will enter the Latin American energy-transmission market, furthering its efforts to achieve a 60 percent reduction in the carbon intensity of its portfolio by 2030.
“With this first investment in power transmission in Brazil, Peru and Uruguay, we are laying the foundation of a new CDPQ platform dedicated to power transmission in Latin America, with an objective of becoming a key player in this critical sector of the economy,” said Emmanuel Jaclot, executive vice president and head of infrastructure at CDPQ. “We are determined to drive the expansion of networks connecting new renewable energy projects to clients throughout the
