The acquisition will enable Masdar to expand in the UK and European renewable energy markets.
Arlington Energy develops, builds, operates and finances energy solutions, said Masdar. It has taken over 170 megawatts of assets into operation in the past two years.
The acquisition will enable BESS projects under one Masdar-Arlington platform.
Matthew Clare, co-founder and director of Arlington Energy, said: “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.”
Masdar plans to increase its investment in offshore wind and other renewables projects in new and existing markets, including the UK. It has stakes in three wind farms in the UK.
Expansion in Saudi Arabia
Separately, Masdar announced the opening of an office in Riyadh, Saudi Arabia. It has an eye on the upcoming Round 4 tender announced by the Saudi Power Procurement Co. for wind and solar projects.
The tender will be for three wind power plants with a combined capacity of 1.8 GW, and two solar parks totalling 1.5 GW. It is part of the country’s National Renewable Energy Programme.
Saudi Arabia is planning to generate 50% of its electricity from clean sources by the end of this decade, with 58.7 GW coming from renewable sources, said Masdar.