UAE’s Masdar acquires UK-based BESS developer Arlington Energy

  • Date: 25-Oct-2022
  • Source: GCC Business News
  • Sector:Oil & Gas
  • Country:UAE
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UAE’s Masdar acquires UK-based BESS developer Arlington Energy

Masdar, a UAE government-owned renewable energy company, has acquired the UK-based battery energy storage system (BESS) developer, Arlington Energy.

The acquisition will allow Masdar to expand its presence in the UK and European renewable energy markets and support countries’ net-zero objectives.

Arlington Energy has a proven record in developing, building, operating and financing flexible energy solutions, has taken over 170 megawatts (MW) of assets through to operation in the past two years.

Masdar’s 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 “Masdar and Arlington Energy share a long-standing belief that greater investment in energy storage is critical if countries are to expand their renewable energy portfolios and achieve their net-zero ambitions. 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.”

Mr. Matthew Clare, Co-founder and Director of Arlington Energy, said that “Partnering with Masdar allows us to accelerate our BESS rollout in the UK and will make us the leading platform for energy storage. With