Taesa is continuing its studies to participate in the battery auction, but is awaiting regulatory definition.

With the collaboration of Wagner Freire

Taesa continues to evaluate the possibility of participating in the first LRCAP-BESS (Auction for Reserved Storage Capacity), scheduled for December of this year, but conditions any eventual entry into the bidding process on the completion of the regulations governing the new market.

The information was presented by the Director of Business and Equity Management, Maurício Dall'Agnese, during a teleconference with analysts and journalists held on the morning of this Wednesday (12), to comment on the results of the second quarter of 2026.

According to the executive, the company has been monitoring opportunities related to energy storage for quite some time and considers the segment a potential area for expansion.

However, the definition of participation will depend on the rules that are still being consolidated by... ANEEL (National Electric Energy Agency), responsible for conducting public consultations on the subject.

Dall'Agnese emphasized that the company expects this regulatory process to be completed in the coming months before deciding whether to submit projects for auction.

Background transmission

While keeping an eye on the storage market, Taesa also sees little chance of competing in the next transmission auction (this one is scheduled for October).

According to the director, although the company continues to permanently monitor growth opportunities through reinforcements, improvements, acquisitions, and new tenders, the strategy remains guided by the selectivity of investments, prioritizing projects capable of generating value and compatible with the company's financial capacity.

In this context, the probability of participating in this year's transmission auction is considered low. The executive added that one of the administration's priorities in the coming months will be to complete the integration of the five recently acquired concessions, a process that will concentrate a significant part of the company's management efforts.

Results and investments

In its presentation of second-quarter results, Taesa reported regulatory EBITDA of R$1,139 billion in the first half of the year, a 10,5% increase compared to the same period of the previous year.

The EBITDA margin reached 85,4%, while operational availability remained at 99,91%. The company also highlighted investments of R$ 445,3 million in the semester and announced the distribution of R$ 206,8 million in dividends, equivalent to the entirety of the regulatory net profit for the quarter.

The company attributed part of the operational improvement to the energization of new ventures, such as the Ananaí, Tangará, Saíra, and Juruá projects, which have been increasing the RAP (Annual Permitted Revenue) and supporting the execution of the investment plan.

The presentation also highlighted the ongoing work to reinforce and improve the transmission network, including recently completed interventions and new projects under implementation, which should contribute to the gradual expansion of regulatory revenue in the coming years.

Company acquires five transmission assets from Energisa.

On the same day it presented its quarterly results, the company also completed the purchase of five transmission assets from the Energisa Group for R$ 2,4 billion (including the net debt of the assets). The value is equivalent to a multiple of approximately 10x EBITDA.

In practice, the assets were sold at an EBITDA multiple proportionally higher than what the market currently attributes to the Company's overall shares, which is close to 7x EBITDA. The difference reflects the value generated by the Energisa Group throughout the development and operation of these projects.

After the approvals of ANEELFollowing a decision by the Administrative Council for Economic Defense (CADE) and creditors, the subsidiaries Energisa Tocantins Transmissora 1 (ETT 1), Energisa Tocantins Transmissora 2 (ETT 2), Energisa Pará 1 (EPA 1), Energisa Pará (EPA 2), and Energisa Goiás (EGO) were transferred to Taesa.

Taesa obtains license for transmission line in São Paulo.

In addition to the announced investments, Taesa also obtained from Cetesb (Environmental Company of the State of São Paulo) the installation license for the Juruá Project, which includes a transmission line and a substation in the municipality of Barra Bonita, in the interior of São Paulo state.

The project is part of Lot 3 of the transmission auction held in September 2024. The lot was won by Juruá Transmissora de Energia Elétrica, a company controlled by Taesa.

With an estimated investment of R$ 244 million, the project includes the construction of the Estância Substation, with 440/138 kV transformation, and a 1,2-kilometer-long transmission line.

The scope also includes the sectioning of the Bauru–Salto Transmission Line, circuit 1, at 440 kV, at the new substation. Also planned are the branch lines of circuits 1 and 2 of the Bracell–Barra Bonita distribution line, at 138 kV, to the Estância substation.

The deadline set by ANEEL The contract for energizing the project is set to be completed in June 2028. After the completion of the works and the start of commercial operation of the project, Taesa will be entitled to an RAP (Annual Permitted Revenue) of R$ 20,5 million.

all the content of Canal Solar is protected by copyright law, and partial or total reproduction of this site in any medium is expressly prohibited. If you are interested in collaborating or reusing part of our material, please contact us by email: redacao@canalsolar.com.br.