The partnership includes project development, joint research, and energy production and transmission ventures in renewable energy and other energy sources, GDF Suez was quoted as saying by Reuters.

The French power company said that with its high demand for energy and strong potential for renewable energies, Latin America is a key market.

Eletrobras is an electricity company in Latin America, while GDF Suez is a Brazilian private energy producer, which also has operations in Chile, Peru and Panama.