"energy" It acquires a company"TI" To develop electricity transmission and service projects in the United Kingdom

Abu Dhabi, April 17/ WAM/ Abu Dhabi National Energy Company “Taqah” announced today its acquisition of all shares in “Trancestation Infosthet” “TI”, a pioneering investment platform in the energy sector and UK -based facilities.

TI is one of the largest operating companies for maritime transportation assets for electricity and connects electricity generation stations from marine wind power to the United Kingdom.
This strategic acquisition strengthens the position of the “Taqah” company in the maritime transport sector for electricity, and confirms its commitment to support the transformation and growth in the energy sector in the United Kingdom and abroad.
This deal provides a “energy” company, a veteran team that includes more than 40 employees working for “TI” and enjoy the necessary technical and development skills in the electricity transmission sector.
As a result of this acquisition, the company “TI” becomes part of the “Energy for Transport Networks”, which has been launched its new commercial brand, which is in turn of the “Taqah” group, which is responsible for “Energy” business in the field of infrastructure development and operation, high -voltage electrical transport assets and huge water quantities.
The acquisition of the company “TI” contributes to the entry of “TATA” for the electricity transmission sector in the United Kingdom, and allows it to expand in European and international markets, and benefit from its pioneering position.
Since its foundation in 2009, TI has emerged as one of the largest companies in the UK’s maritime transport sector and currently runs a portfolio of 11 of the maritime transport of electricity transport amounting to 15 billion dirhams (3 billion pounds) approximately.
Through its alliance in partnership with both the “Ambar Infradesrar” and “INPP”, “INPP”, “TI” has a full record in the field of tenders and winning them to operate maritime transport of electricity transport in the United Kingdom, where it won about 40% of the tenders that it made.

Last week, the “OffGem”, an independent organizational body that organizes the energy sector in the United Kingdom, chose this alliance as the preferred offer of the Maritime Transport Project for Electricity in the “Murray West” region.
TI is also one of the developers of electrical connection projects in the United Kingdom, including the Fabs Link project, and the LERC project, which is under the organization of the “Ofgim” organization, and connecting the United Kingdom to France and Northern Ireland through new electrical connections below the sea to move the continuous electric current with a total capacity of approximately 2 GW.
Dr. Afif Saif Al -Yafii, CEO of “Energy for Transportation Networks”, said that electricity transport networks are considered an essential element to enable the transformation in the field of energy at the global level, and in this context the International Renewable Energy Agency “IRIA” estimates that about 717 billion US dollars should be invested annually between 2024 and 2030 in infrastructure projects for electricity transmission networks that enhance the flexibility in the transfer of electrical energy to be able to enable Facing the challenges associated with climate change scenario by 1.5 degrees Celsius, therefore, we are pleased to announce the first international acquisition deal implemented by our company, which enhances our growing portfolio and supports the role of “energy” as a world leader in the field of providing low carbon electricity and water solutions, and this deal will allow us to take advantage of the great capabilities of “TI” to support our strategy For international growth, with contributing to the UK program to achieve climate neutrality by 2050 and our wider aspirations in the field of sustainability.
For his part, Dr. Chris Phil, the founder and managing director of the company “Trancestyce Invinvation”, noted the importance of “Taqah” company on the company “Transparency Investment”, stressing that the expertise of “Taqah” and its capabilities and support for the company “Trashmish Investment” will enable it to continue its growth and contribute to the development of the electricity transmission system in the United Kingdom in support of the transformation in the energy sector.

He added that achieving the goals of the United Kingdom of the generation of 50 GB of electricity from the sea wind power by 2030, and achieving the goal of climate neutrality by 2050, requires a tremendous expansion in marine and land networks for electricity transmission, and the company “Transfit Infosthet” is ready to contribute to this expansion, and as a leading company in providing competitive solutions in the field of electricity transmission in the United Kingdom, it is, it is He is committed to doing this task efficiently for consumers in the United Kingdom, while ensuring safe and responsible towards society and the environment.

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