{"id":89614,"date":"2025-04-18T00:00:00","date_gmt":"2025-04-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/taqa-acquires-uks-transmission-investment\/"},"modified":"2025-04-18T00:00:00","modified_gmt":"2025-04-18T00:00:00","slug":"taqa-acquires-uks-transmission-investment","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/04\/18\/taqa-acquires-uks-transmission-investment\/","title":{"rendered":"Taqa acquires UK\u2019s Transmission Investment"},"content":{"rendered":"

Taqa Transmission is expanding its global transmission portfolio with the full acquisition <\/strong>of UK-based Transmission Investment (TI),<\/strong> according to a joint statement (pdf)<\/a>. There\u2019s no publicly available information about the size or structure of the transaction. The acquisition comes shortly after Taqa rebranded<\/a> its transmission business and announced plans to scale internationally. <\/p>\n

The pitch: <\/strong>The agreement gives Taqa immediate access to a GBP 3 bn portfolio spanning 11 operational OFTO projects, and positions the company to tap into the fast-growing interconnector sector and offshore wind power in the UK as the country attempts the ambitious feat of 30 GW of wind power by 2030. The transaction also gives Taqa a stake in the development of new interconnectors that link the UK with France and Northern Ireland. <\/p>\n

No changes to management: <\/strong>TI\u2019s founder and managing director, Chris Veal, will continue to lead TI, the statement reads.<\/p>\n

Taqa has been making moves on major Europe-bound electricity transmission <\/strong>projects<\/strong>, signing an agreement in February<\/a> with Italy\u2019s Eni that made it \u2014 alongside Masdar \u2014 the preferred off-taker for a tripartite renewables\u2019 subsea cable project connecting Italy, Albania, and the UAE. The company is also backing<\/a> Xlink\u2019s ambitious UK-Morocco interconnector project, which envisions a 3.8k km high-voltage direct current (HVDC) subsea cable transporting 3.6 GW of renewable energy \u2014 nearly 8% of the UK\u2019s current requirements \u2014 from a 10.5 GW solar and wind farm planned in Morocco\u2019s Guelmim-Oued Noun region.<\/p>\n

REMEMBER- <\/strong>UK Prime Minister Keir Starmer has been working to improve ties with Gulf countries, including the UAE, visiting Abu Dhabi<\/a> last December to discuss potential investments with officials from Mubadala as he looks to secure funding for a range of projects. <\/p>\n","protected":false},"excerpt":{"rendered":"

The agreement gives Taqa immediate access to a GBP 3 bn portfolio<\/p>\n","protected":false},"author":1,"featured_media":89615,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[11,415,79,281,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseclimate","tag-interconnector-projects","tag-ma-watch","tag-taqa","tag-uae","wpautop","entry"],"acf":{"mongo_id":"a63f8f6b-9fdd-4186-a57a-91b605d55bf1","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/489.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Taqa Transmission acquires UK\u2019s Transmission Investment","related_issue":[89609],"teaser":"The agreement gives Taqa immediate access to a GBP 3 bn portfolio","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.84760aa6-9909-456f-a029-e2849b9a789a.mp3"},"yoast_head":"\nTaqa acquires UK\u2019s Transmission Investment - 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