Axium Acquires Full Control of Wind Energy Transmission Texas
Deal News | May 13, 2025 | Axium Infrastructure Inc
Axium Infrastructure Inc. has increased its stake in Wind Energy Transmission Texas, LLC (WETT), securing full ownership by acquiring an additional 34.3% stake. With this acquisition, Axium now completely owns the regulated electric transmission provider, extending its influence in the West Texas energy sector. WETT manages 415 circuit miles of transmission lines and operates twelve switching stations over a coverage area of approximately 20,000 square miles across thirteen counties. The network facilitated by WETT interconnects over 3,500 MW of wind and solar energy, highlighting the strategic importance of this acquisition in expanding Axium's renewable energy capabilities.
Sectors
- Renewable Energy
- Infrastructure
Geography
- United States – The acquisition involves a company operating in West Texas, highlighting the relevance to the US market.
- Texas – Wind Energy Transmission Texas operates exclusively in Texas, making the geographic impact highly local to this state.
Industry
- Renewable Energy – The article discusses an acquisition within the renewable energy sector, involving the transmission of wind and solar power.
- Infrastructure – Axium Infrastructure's acquisition concerns an electric transmission provider, which is a critical infrastructure component.
Financials
- 34.3% – The additional stake acquired by Axium in WETT.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Axium Infrastructure Inc. | Acquirer | Company | A private equity firm specializing in infrastructure investments. |
| Wind Energy Transmission Texas, LLC | Target Company | Company | A regulated electric transmission provider in West Texas. |