Abu Dhabi National Energy Company (TAQA) has officially announced its acquisition of the UK-based energy and utility investment platform, Transmission Investment (TI). This platform is known for its significant role in the offshore transmission (OFTO) market, particularly for its assets that connect offshore wind farms to the UK electricity grid.

TI currently manages assets worth AED 15 billion (approximately $4.08 billion) through its existing portfolio of 11 OFTO assets. The acquisition is projected to enhance TAQA’s capabilities in offshore transmission services and infrastructure development, enabling the company to expand into European and international markets.

The financial specifics of this acquisition have not been disclosed. Following the acquisition, TI will be incorporated into TAQA Transmission, a newly established subsidiary of TAQA Group. This subsidiary is responsible for developing and operating the parent company’s high voltage power and bulk water transmission infrastructure.

Earlier this year, TAQA Transmission collaborated with the Abu Dhabi National Oil Company (ADNOC) to lay 1 000 kilometers of cables as part of a $3.8 billion project aimed at powering and decarbonizing ADNOC’s offshore production operations.