Abu Dhabi National Energy Company PJSC (TAQA) has acquired 100% of UK-based Transmission Investment (TI), marking its entry into the British offshore electricity transmission sector. The deal includes TI’s portfolio of 11 Offshore Transmission Owner (OFTO) assets, valued at approximately Dh15 billion (GBP 3 billion).
TI will operate under TAQA Transmission, the group’s subsidiary focused on high-voltage power and bulk water transmission infrastructure. The acquisition adds a team of over 40 employees with technical and development expertise.
Established in 2009, TI has been active in the UK’s OFTO market, connecting offshore wind farms to the national grid. The company, in partnership with Amber Infrastructure and International Public Partnerships (INPP), has a track record of securing OFTO bids, including the recent Moray West project.
TI is also involved in interconnector projects such as FAB Link and LirIC, aiming to connect Great Britain with France and Northern Ireland through subsea high-voltage direct current (HVDC) interconnectors. These projects have received regulatory approval under Ofgem’s cap-and-floor regime.
