This follows the approval given by the Chancellor of the Duchy of Lancaster, under section 26 of the United Kingdom National Security and Investment Law 2021, on March 13 of this year. The financial details of the agreement were not revealed.
Ti is one of the transmission assets (OFTO) of the high seas transmission that operates (Opho), which connects wind farms on the high seas with the United Kingdom network. Founded in 2009, TI has approximately 15 billion ($ 4.1 billion) or active under administration in its existing portfolio or 11 offers.
Through its consortium in association with the Amber Infrastructure and international public associations (INPP), you have established a solid tender history, winning and operating offo assets in the United Kingdom, with a success rate of approximately 40 percent. Last week, or Gem appointed the IT Consortium as its favorite bid for Moray West Ofto.
Taqa Eyes Global Growth
The acquisition strengthens the company’s position in the electricity transmission sector in the high seas, reinforcing its commitment to support the energy transition and grow in the United Kingdom and beyond. The transaction will provide TAQA with a team well established in you with technical and end -to -extreme developmental capacities.
IT will become part of the Taqa transmission, a subsidiary of the Taqa group responsible for the development and operation of the company’s high voltage water transmission infrastructure and bulk water transmission. The measure establishes Taqa in the United Kingdom electricity transmission sector and allows expansion to European and international markets.
Dr. Afif Saif Al Yafei, CEO of the TAQA transmission, commented: “The transmission grids are essential to enable the global energy transition. IRENA estimates that from 2024 to 2030, about $ 717 billion per year must be proven proven proven proven proven proven proven proven proven proven proven alhaxiaxialibiums that are verified with a 1.5 IPtado proven.
“That is why we are pleased to announce the first international acquisition of Taqa transmission, strengthening our growing wallet and reinforcing the role of Taqa as a world leader in low carbon and water solutions.
Dr. Chris Veal, founder and managing director of transmission investment, added: “We are pleased that Taqa has acquired the transmission investment. The experience, capacity and support the development of the development of the development of the development of the development of the development of development of development.
“The uk’s targets of 50gw of offshore wind by 2030, and net zero by 2050, require Hage Expansion of offshore and onshore transmission. Ti is read and contribute to this expansion. Weke-dence-To-Doe-To-Doe-To-Doe-To-Doe-To Doe-To Doe-To Doe-To Doe-To Doe-To Doe-To Doeance, Consumers, While Reninging Safety and Acting Responsible Towards Society and the Environment.
Dr. Veal will continue to lead you after the acquisition.
The Taqa transmission is already expanding its international footprint in the CCG, the United Kingdom and North Africa by investing in some of the most innovative transmission projects in the world. Earlier this year, the Taqa and ADNOC transmission completed the placement of 1,000 kilometers of cables as part of its $ 3.8 billion project to the offshore production operations of Ly Discarbonise Adnoc.
