Acquisition of 100% of shareholding in Transmission Investment Holdings Limited by TAQA Transmission Holding LLC
Published 13 March 2025
© Crown copyright 2025
This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
This publication is available at https://www.gov.uk/government/publications/acquisition-of-100-of-shareholding-in-transmission-investment-holdings-limited-by-taqa-transmission-holding-llc/acquisition-of-100-of-shareholding-in-transmission-investment-holdings-limited-by-taqa-transmission-holding-llc
1. Following a detailed national security assessment, the Chancellor of the Duchy of Lancaster has made a Final Order pursuant to section 26 of the National Security and Investment Act 2021 (“the Act”), which comes into force on 13th March 2025.
2. The Parties who are subject to the order are:
i. TAQA Transmission Holding LLC;
ii. Transmission Investment Holdings Limited;
iii. TI LirIC Limited;
together with any subsidiary, controlled entity or affiliate of either party.
3. TAQA Transmission Holdings LLC will gain control of the qualifying entity, TI LirlC Limited, by indirectly acquiring 100% of the shareholding in TI LirIC Limited, through its acquisition of a 100% shareholding in Transmission Investment Holdings Limited (“the Acquisition”).
4. The Acquisition is a trigger event under section 8(2)(c) of the Act.
5. The Chancellor of the Duchy of Lancaster has approved the Acquisition, subject to the condition that the Parties meet certain requirements that ensure the physical, personnel and data security of certain facilities that will be developed by the parties.
6. The Chancellor of the Duchy of Lancaster considers that the Final Order is necessary and proportionate, and the measures contained within this Final Order mitigate the risks to national security relating to the construction of infrastructure for the planned electricity interconnector between Scotland and Northern Ireland in proximity to the approaches to His Majesty’s Naval Base Clyde.