Abu Dhabi’s TAQA Acquires UK’s Transmission Investment to Boost Offshore Energy Capabilities
Abu Dhabi, April 17 – The Abu Dhabi National Energy Company (TAQA) has announced the acquisition of UK-based Transmission Investment (TI), a specialist investment platform in offshore transmission systems, marking a significant step in expanding its international energy infrastructure portfolio.
TI, a key player in the UK’s offshore transmission ownership (OFTO) sector, manages a portfolio of 11 assets valued at approximately AED 15 billion ($4.08 billion). These assets are key to connecting offshore wind farms to the UK’s national electricity grid, and positions the acquisition as a strategic move towards TAQA’s ambitions in sustainable infrastructure.
While financial terms of the deal remain undisclosed, the acquisition marks a major milestone for TAQA Transmission, the company’s newly launched subsidiary focused on high-voltage power and bulk water transmission. TI will now operate under this arm, which is driving TAQA’s growth in both domestic and global infrastructure.
TAQA’s entry into the UK offshore transmission market aligns with its broader goal of increasing its presence in European and international energy sectors, especially in areas supporting renewable power and decarbonisation.
Earlier in the year, TAQA Transmission collaborated with ADNOC on a $3.8 billion subsea cable project, which involved laying 1,000 kilometres of undersea cables to help decarbonise ADNOC’s offshore operations—a move that signals the company’s serious commitment to the global energy transition.
This acquisition strengthens TAQA’s portfolio in renewable energy connectivity and demonstrates Abu Dhabi’s continued investment in sustainable energy technologies and cross-border infrastructure growth.