Masdar acquires battery specialist Arlington Energy

UK-based battery developer Arlington Energy has been acquired by Abu Dhabhi’s Masdar, which said the acquisition will enable it to expand its presence in the UK and European renewable energy markets.
Arlington Energy has taken over 170MW of assets through to operation in the past two years and now further projects will be financed, built and operated under one Masdar-Arlington platform.
Matthew Clare, Cofounder and Director of Arlington Energy, said: “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 is wholly owned by the Abu Dhabi government’s Mubadala Investment Company. It said that alongside the Arlington acquisition, it intends to increase its investment in offshore wind and other renewables projects in the UK and other markets. Masdar is already a leading investor in offshore wind at London Array, Dudgeon and Hywind Scotland.
It aims to reach 100GW capacity by 2030, and double that afterwards.

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