Abu Dhabi’s Taqa buys UK’s Transmission Investment

In a major strategic move, Abu Dhabi’s utility giant Taqa has completed the acquisition of UK-based Transmission Investment (TI), a leading developer in the offshore electricity transmission sector. This transaction marks Taqa’s formal entry into the British power‑grid market, reinforcing its goal to become a top global player in high‑voltage grid infrastructure and low‑carbon solutions.

TI will be integrated into Taqa Transmission, the subsidiary in charge of Taqa’s power and bulk‑water transmission assets. The deal brings under Taqa’s umbrella TI’s existing portfolio of 11 offshore transmission projects, valued at around AED 15 billion (GBP 3 billion).

Founded in 2009, TI has been instrumental in developing and operating OFTO (Offshore Transmission Owner) assets in the UK. Through partnerships with Amber Infrastructure and International Public Partnerships (INPP), TI has secured a strong reputation in the competitive OFTO bidding arena. Just last week, Ofgem named the TI‑led consortium as the preferred bidder for the Moray West OFTO project.

Expanding the Transmission Grid Strategy

Beyond its offshore portfolio, TI is actively involved in major interconnector ventures such as the FAB Link and the LirIC Project, which will connect the UK to France and Northern Ireland via subsea HVDC links totaling nearly 2 GW of capacity. Both initiatives have been granted a cap‑and‑floor regulatory framework by Ofgem. The LirIC Project has recently cleared key regulatory milestones with UK and Northern Ireland authorities, underscoring TI’s growing role in cross‑border grid connectivity. TI is also preparing to expand into onshore transmission and grid‑stability services.

Taqa Transmission’s Expanding Global Grid Portfolio

This acquisition bolsters Taqa Transmission’s position as the UAE’s largest transmission‑asset owner and extends its reach into the UK, GCC, and North African markets. Earlier this year, it completed a landmark $3.8 billion subsea HVDC project in partnership with ADNOC, laying 1,000 km of cable to power and decarbonize offshore oil operations in the MENA region. Last year, Taqa Transmission also achieved financial close on the Juranah Independent Strategic Water Reservoir Project in Saudi Arabia, further diversifying its utility‑transmission footprint.

By bringing Transmission Investment into its fold, Taqa cements its growing influence in building the next generation of low‑carbon, high‑capacity transmission networks across the globe.