Through a combination of original investment in the business and secondary acquisition of shares from promoter family entities, TAQA is eager to acquire a stake of up to 19.9%. According to news reports, Abu Dhabi National Energy Co. PJSC (TAQA) is considering increasing its presence in India and taking a significant stake in Gautam Adani’s […]
EGA, TAQA, Dubal Holding and EWEC to expand clean energy development, progress power asset and generation optimization, and decarbonize aluminium production – EQ Mag Pro
TAQA Group and Dubal Holding envisage acquiring EGA’s electricity generation assets in the UAE, significantly increasing their generation portfolios. Electricity generation assets would be contracted by EWEC and despatched by EWEC’s load despatch centre under a long-term power purchase agreement. EGA would source grid power for all its energy needs, including an increasing proportion of […]
EGYPT : Taqa Obtains the Construction of 2 Solar Power Plants (5 MWp) in Somabay
Taqa Power, a subsidiary of the Taqa Arabia group, has just been awarded the construction of two 5 MWp solar photovoltaic power plants in the seaside town of Somabay, in the Red Sea governorate of Egypt. The project will require an investment of USD 4 million.Somabay is going green. The seaside resort in the Red […]
TAQA, Abu Dhabi Ports to Build 2 GW Green Hydrogen Project
Facility will convert green hydrogen to ammonia Ammonia storage facility provides export opportunity Green hydrogen is created through electrolysis of water powered by renewable energy. ABU DHABI: Abu Dhabi National Energy Co. (TAQA) and Abu Dhabi Ports have signed an MOU to build a green hydrogen-to-ammonia project powered by a 2 GW solar array. The […]
TAQA in Talks to Buy Power Plants in Abu Dhabi, Plans Green Bonds, Says CFO
Chief Financial Officer Steve Ridlington told Reuters the company was in early talks to buy power plants in Abu Dhabi, the largest and wealthiest of seven emirates making up the UAE. DUBAI: Abu Dhabi National Energy Company (TAQA) is in talks to buy power plants in the United Arab Emirates and could issue debut green […]
UAE’s Taqa seeks to shine with solar energy push
State-owned utility introduces sustainability goals as part of the emirates’ drive to wean itself away from oil. From a distance, the 3.4m panels making up the United Arab Emirates’ largest solar power plant look like a massive lake. But Noor Abu Dhabi, nestled between camel farms and rolling sand dunes, is no mirage. The 1.2 […]
Abu Dhabi’s Taqa to invest $10 billion at home and expand in Saudi Arabia
The energy company said developing highly efficient solar power and reverse osmosis desalination technology will be a big part of the plan DUBAI: Abu Dhabi energy giant Taqa has unveiled is set to invest 40 billion dirhams ($10.88 billion) in the UAE as it boosts solar projects and reduces exposure to hydrocarbons.The energy company said […]
Taqa Group unveils 2030 strategy for sustainable and profitable growth
TAQA to substantially increase its gross power and water desalination capacity in the UAE and internationally, particularly through highly efficient solar power and reverse osmosis technologies. TAQA to invest an additional AED 40 billion in its UAE Regulated Asset Base, enhancing its Transmission and Distribution business TAQA will focus on commercially viable opportunities to reduce […]
TAQA-led group achieves fin close on 2-GW solar project in Abu Dhabi
The consortium led by Abu Dhabi National Energy Company (TAQA) has reached financial close for the 2-GW Al Dhafra photovoltaic (PV) project in Abu Dhabi, which would be the world’s largest single-site solar plant. TAQA’s partners in the project are the Abu Dhabi Future Energy Company, better known as Masdar, EDF Renewables and Jinko Power […]