Eyeing Europe expansion, Taqa acquires UK transmission leader

ADX-listed Taqa has been gradually expanding its overseas reach

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Abu Dhabi utility company Taqa has acquired a UK’s transmission investment platform, TI. It is among the leader operators of offshore transmission assets connecting wind farms to the UK grid. TI thus becomes part of Taqa transmission, the UAE group’s subsidiary handling the development and operation of Taqa’s high voltage power and bulk water transmission infrastructure.

Plugs into UK grid