en.Wedoany.com Reported - Brazil's Administrative Council for Economic Defense (Cade) recently approved two transactions in the electricity sector, involving asset transfers between Casa dos Ventos and Voltalia, and between Axia Energia and Gebbras. The approvals were published in the Federal Official Gazette on Monday (June 1).
In the first transaction, Casa dos Ventos, through its shareholder Salus Fund, was approved to acquire all shares of Voltalia's Pecém VDB 1 company. This company holds access rights to the basic network of the National Interconnected System (SIN). Salus stated to Cade that the transaction provides an opportunity to create demand and expand renewable energy projects in Brazil, as part of its strategy to grow in high-growth sectors such as green hydrogen and data centers. For Voltalia, this sale helps raise funds, adjust its investment portfolio in Brazil, and obtain financial resources.
Pecém VDB 1 has an installed capacity of 645 megawatts and is one of the assets covered by a solution designed by the federal government to meet up to 3 gigawatts of new load demand in the Northeast region in advance. The Energy Research Company (EPE) estimates that total demand in the region will reach 4 gigawatts by 2032. This measure aims to facilitate the connection of large projects without affecting the transmission of existing renewable energy generation in the region and has been included in the third batch of projects for the transmission auction held in March 2026.
The second transaction involves Axia Energia selling its 49% minority stake in four electricity transmission assets to Gebbras Participações, a subsidiary of the Colombian group Energía Bogotá, for BRL 451.5 million. The agreement includes stakes in special purpose entities (SPEs) such as Goiás Transmissão, MGE Transmissão, Transenergia Renovável, and Transenergia São Paulo. These companies collectively own approximately 1,086 kilometers of transmission lines distributed across the states of Goiás, Minas Gerais, Espírito Santo, Mato Grosso, Mato Grosso do Sul, and São Paulo.
The aforementioned Colombian group purchased a majority stake in these assets in 2015, with concession rights valid until 2039 to 2040, and a net debt of BRL 414 million in 2025. Following Cade's approval, the transaction still requires approval from the National Electric Energy Agency (Aneel). According to the antitrust body's records, for Gebbras, this transaction consolidates its control over the companies, aligns with GEB's investment policy, and expands its presence in Brazil's electricity transmission sector. For Axia, this move helps optimize its holdings and simplify its corporate structure.
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