- The acquisition will enable Masdar to expand its presence in the UK and European RE markets and support countries’ net-zero objectives.
- Alongside the Arlington acquisition, Masdar also intends to increase its investment in offshore wind and other renewables projects in new and existing markets, including the UK.
Renewable energy conglomerate Masdar has announced that it has acquired UK-based battery energy storage system (BESS) developer Arlington Energy that will enable Masdar to expand its presence in the UK and European RE markets and support countries’ net-zero objectives.
Arlington Energy delves into developing, building, operating and financing flexible energy solutions; having taken over 170 MW of assets through to operation in the past two years. Masdar said its acquisition of Arlington Energy will enable the development, construction, operational management, and financing of BESS projects under one Masdar-Arlington platform.
Mohamed Jameel Al Ramahi, CEO, Masdar, said, “By working together, we will be able to provide a more resilient and flexible energy resource, helping to accelerate the UK and other European countries’ clean energy transitions, and supporting our efforts in expanding our offshore wind and broader renewables portfolio.”
Matthew Clare, Co-founder and Director, Arlington Energy, held, “With Arlington’s experience and expertise in the procurement, construction and operational management of BESS, and Masdar’s global capabilities in renewable energy, combining forces is a natural progression. This partnership creates a business with huge potential, immediately capable of delivering at scale domestically, and in other markets in the future, as more nations join the UAE and UK in setting net-zero targets.”
Masdar held that Europe could need as much as 200 GW of storage capacity by 2030, if it is to meet its renewable energy targets. The UK alone may need as much as 50 GW of storage capacity by 2050, to achieve its target of net-zero carbon emissions by 2050, according to the National Grid.
The company mentioned that BESS solutions provide flexible energy to the grid, helping to overcome renewables’ intermittency challenges, and allowing energy to be released during peak demand, helping to ensure system security while keeping consumer costs down.
Alongside the Arlington acquisition, Masdar also intends to increase its investment in offshore wind and other renewables projects in new and existing markets, including the UK.
Masdar is already a leading investor in the UK’s offshore wind sector, with stakes in London Array, one of the world’s largest offshore wind farms; the Dudgeon offshore wind farm off the coast of Norfolk; and Hywind Scotland, the world’s first commercial-scale floating wind farm.