Actis boosts Skyline platform with 135km Brazil transmission line

Actis has agreed to acquire a 135km electricity transmission line in southern Brazil, bolstering its local transmission platform Skyline and adding to the investor’s portfolio held via Actis Long Life Infrastructure Fund 2 (ALLIF2). The asset sits near Porto Alegre and will be folded into Skyline’s existing operations as the platform scales.

The newly signed deal — the fourth addition to Skyline — takes the platform closer to a regional target of more than 1,500km of transmission lines across Brazil. The line carries a 30-year concession, with roughly 22 years remaining, offering long-dated cashflow visibility typical of regulated transmission assets.

Actis framed the acquisition as a continuation of a multi-year push into Latin America’s power networks. The firm has now deployed more than US$4.5 billion into energy across the region and says Latin America accounts for nearly half of its global operating capacity — about 41GW worldwide — underscoring how strategically important the market is for the manager.

Adrian Mucalov, Managing Director and Head of Long Life Infrastructure at Actis, described the move as part of a broader effort to capture opportunities in Brazil’s transmission sector, citing the appeal of regulated returns and established contractual frameworks that underpin investor confidence. He said the asset strengthens Skyline’s geographic spread and its role in enabling further generation build‑out, particularly renewables.

Davi Carvalho Mota, Managing Director, Long Life Infrastructure at Actis, highlighted operational synergies: integrating the new line should deliver efficiency gains across maintenance and dispatch, while preserving the low‑risk profile associated with transmission concessions. Actis expects such platforms to generate stable, inflation‑linked cashflows attractive to long‑dated infrastructure capital.

Transmission assets in Brazil have been a focal point for institutional capital as the country continues to expand wind and solar capacity. Regulatory auctions run by the national regulator (ANEEL) and the concession model make transmission a natural fit for buy‑and‑build strategies: long tenors, predictable tariff frameworks and steady utilisation as renewables proliferate.

The transaction remains conditional on regulatory clearances and standard closing conditions. Once completed, the Skyline platform will be better positioned to support grid reinforcement and the integration of intermittent generation, while offering Actis’ investors exposure to long‑dated, regulated infrastructure cashflows.