Masdar, a state-owned energy company in the Emiratis, has expanded its footprint in the UK by acquiring Arlington Energy, a company that develops battery energy storage systems (BESS). Arlington Energy, a London-based company, specialises in developing, operating, and financing flexible energy solutions. Over the last two years, the company has finished more than 170 MW of assets. The agreement will enable BESS projects to be developed, built, managed, and financed through a single Masdar-Arlington platform. No financial terms of the transaction have been disclosed.
In August 2022, Masdar agreed to develop 2 GW of renewable energy capacity in Tanzania with the Tanzania Electric Supply Company (TANESCO). Abdulla Zayed, the head of Masdar Business Development and Investment, inked a joint development agreement with TANESCO managing director Maharage Chande. The two companies would create a co-owned joint venture to progress project development as part of its collaboration.