TAQA Completes Acquisition of UK's Transmission Investment
Deal News | Apr 17, 2025 | Zawya
Abu Dhabi National Energy Company (TAQA) has acquired 100% of Transmission Investment (TI), a leading UK-based energy and utility investment platform specializing in offshore electricity transmission. This strategic acquisition reinforces TAQA's foothold in the UK offshore electricity transmission sector and marks its entry into the international market, aligning with their commitment to supporting the global energy transition. TAQA’s acquisition includes TI’s team of over 40 employees and an extensive portfolio of 11 OFTO assets valued at approximately GBP 3 billion. This acquisition will help TAQA leverage TI's capabilities to support its international growth strategy and the UK’s 2050 Net Zero programme.
Sectors
- Energy
- Utilities
Geography
- United Kingdom – Transmission Investment, the target company, is based in the UK and operates significant offshore transmission assets there, aligning with the UK's Net Zero goals.
- Abu Dhabi, United Arab Emirates – TAQA, the acquiring company, is headquartered in Abu Dhabi, UAE, highlighting its international expansion efforts.
Industry
- Energy – The article focuses on TAQA's acquisition in the energy sector, specifically related to electricity transmission and offshore wind farm connections.
- Utilities – The acquisition involves transmission infrastructure, a key element of the utilities sector.
Financials
- GBP 3 billion – Value of assets under management in Transmission Investment's portfolio of 11 OFTO assets.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Abu Dhabi National Energy Company (TAQA) | Acquirer | Company | A government-backed energy company based in Abu Dhabi, involved in the acquisition of Transmission Investment. |
| Transmission Investment (TI) | Target | Company | A UK-based platform providing end-to-end services in electricity transmission and offshore wind farm connections. |
| Amber Infrastructure | Consortium Partner | Company | A partner with TI in bidding for offshore transmission assets. |
| International Public Partnerships (INPP) | Consortium Partner | Company | A partner with TI in bidding for offshore transmission assets. |
| Ofgem | Regulator | Government | The UK's energy regulator, which appointed TI's consortium as the preferred bidder for the Moray West OFTO. |