Abu Dhabi National Energy Company (TAQA) has fully acquired Transmission Investment (TI), a UK-based energy and utility investment platform. TI represents a strategic acquisition for TAQA thanks to its key role operating offshore transmission (OFTO) assets connecting offshore wind parks to the UK grid, strengthening its position in the sector. The company will integrate TAQA Transmission, a subsidiary responsible for the development and operation of TAQA’s high voltage power and bulk water transmission infrastructure.
In addition to its OFTO business, TI also develops interconnector projects (including the 1,250 MW FAB Link Project and the 700 MW LirIC Project connecting Great Britain with France and Northern Ireland), grid stability projects, and it prepares to enter the onshore electricity transmission grid market. The company manages one of the largest offshore electricity transmission portfolios in Great Britain, with a portfolio of approximately 4 GW.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.