Brazilian investment company Votorantim and the Canadian Pension Plan Investment Commission (CPPInvestments) will integrate their energy assets in Brazil. The two companies will create a comprehensive renewable energy company with an installed capacity of 3.3GW.

According to the 12 months ending June 30, the combined entity will achieve net income of 5.8 billion Brazilian reals (1.05 billion U.S. dollars). Its diversified energy portfolio will include 2.3GW of hydropower capacity and 1GW of wind power asset capacity, as well as 0.6GW of operating capacity. The process of asset integration and public listing will be carried out in two separate transactions. In the first transaction, VTRM, a joint venture between Votorantim Energia and CPP Investments, will acquire and integrate the two companies’ equity in various renewable energy assets. Keywords: engineering construction, engineering news

The establishment of the group will include Votorantim Energia’s shares in hydropower assets, Votorantim Comercializadorade Energia, power producer Companhia Energéticade São Paulo (CESP), and VTRM’s existing wind and solar assets and projects. CPP Investments will also invest an additional 1.5 billion Brazilian reals to increase the capital base of VTRM。Editor/XingWentao,Design/XiaChangwang