ABP presents plan to turn Port of Barrow into renewables hub
Sep 18, 2024 14:41 CESTAbu Dhabi-based renewables company Masdar announced on Tuesday it has taken over British battery energy storage system (BESS) developer Arlington Energy as part of its efforts to grow its presence in the European renewable energy markets.
London-based Arlington Energy is engaged in the development, construction, operation and financing of flexible energy solutions. In the past two years, it has delivered 170 MW of assets.
Masdar said in a statement that the acquisition paves the way for the development, construction, operational management and financing of BESS projects under a single platform in the UK.
“Partnering with Masdar allows us to accelerate our BESS rollout in the UK and will make us the leading platform for energy storage. 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,” said Matthew Clare, Cofounder and Director of Arlington Energy.
Masdar said further that it plans to raise its investment in offshore wind and other renewables in new and existing markets, including the UK. It is already an investor in the London Array, Dudgeon and Hywind Scotland projects.
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