Company Insights Abu Dhabi National Energy Company (Taqa) Energy Abu Dhabi National Energy Company (Taqa) News Analysis Renewable Energy Saudi summons energy to unearth geothermal potential A Saudi Arabian university has completed drilling a research well as the kingdom steps up efforts to harness its geothermal potential – which industry experts estimate could free up to 1 million barrels of oil a day for export. The 400m deep observation well was drilled by a team from King Abdullah University of Science […] June 13, 2024 Energy Profit at Abu Dhabi’s Taqa falls 82% on one-off items Net profit at Abu Dhabi National Energy Company (Taqa) dropped 82 percent to AED2.1 billion ($572 million) in the first quarter of 2024, from AED11.6 billion a year ago. Taqa’s fall in profit was attributed to one-off items recognised in 2023. Net income at Taqa, excluding the one-off items, increased by AED100 million, 6.9 percent […] May 15, 2024 Renewable Energy Bahrain signs deal with Masdar to develop wind energy UAE clean energy company Masdar has formed a partnership with Bahrain’s Bapco Energies to explore the development of wind energy projects in Bahrain. The two companies will develop up to two gigawatts (GW) in near-shore and offshore wind farms, Masdar said. The collaboration will help Bahrain accelerate the decarbonisation of its critical industrial sectors. Energy, […] May 1, 2024 Finance Oman and UAE sign deals worth $35bn The UAE and Oman have announced a host of new commercial and business deals worth a total of AED129 billion ($35 billion). The partnerships were agreed during Monday’s state visit to the Emirates by the ruler of Oman, Sultan Haitham bin Tariq al Said. Investment and collaboration agreements covered areas including renewable energy, green metals, […] April 23, 2024 Energy Spain open to Taqa’s bid for potential Naturgy takeover The Spanish government is open to allowing Abu Dhabi National Energy Company (Taqa) to make a potential takeover bid for energy firm Naturgy, according to a media report. “I have spoken of the need to be vigilant and guarantee energy security in defence of Spain’s strategic interests,” Reuters reported Spanish energy minister Teresa Ribera as […] April 22, 2024 Renewable Energy Cost of Xlinks Morocco-UK project balloons by a third The cost of an ambitious project to deliver green energy from the south of Morocco to power homes in the UK has ballooned by more than a third to $30 billion. Xlinks First is behind the Morocco-UK renewables project, which would construct the world’s longest high-voltage direct current (HVDC) subsea power cable between the North […] April 19, 2024 Energy Taqa confirms potential buyout of Spain’s Naturgy Abu Dhabi National Energy Company (Taqa) has confirmed that it is holding talks with the three biggest shareholders of Spanish energy company Naturgy. In a statement published on the Abu Dhabi Securities Exchange, Taqa said it is holding talks with Criteria Caixa, which has a 26.7 percent stake in Naturgy. Discussions are also ongoing with […] April 18, 2024 Opinion Transport If EVs can make it here, they can make it anywhere The battery powered car is on the up, even in the oil-soaked Gulf March 25, 2024 Renewable Energy XLinks reaffirms UK is priority for Morocco power project British renewable power company Xlinks is “100 percent committed to the UK” despite reports suggesting it was refocusing its attention on Germany. Xlinks is overseeing the $22 billion Morocco-UK renewables project, which involves building solar panel and wind farms in the desert of the North African country. Via the installation of high-voltage direct current (HVDC) […] March 13, 2024 Energy Masdar to build solar plants for UAE defence ministry Abu Dhabi’s clean energy giant Masdar and the UAE defence ministry have agreed to develop multi-solar plants across Abu Dhabi. Emerge, a joint venture between Masdar and France’s EDF Group, will provide a full turnkey solution for the projects for 25 years, including finance, design, procurement, construction, operations, and maintenance. No other project details were […] March 8, 2024 Posts navigation Previous 1 … 4 5 6 … 11 Next
Analysis Renewable Energy Saudi summons energy to unearth geothermal potential A Saudi Arabian university has completed drilling a research well as the kingdom steps up efforts to harness its geothermal potential – which industry experts estimate could free up to 1 million barrels of oil a day for export. The 400m deep observation well was drilled by a team from King Abdullah University of Science […] June 13, 2024
Energy Profit at Abu Dhabi’s Taqa falls 82% on one-off items Net profit at Abu Dhabi National Energy Company (Taqa) dropped 82 percent to AED2.1 billion ($572 million) in the first quarter of 2024, from AED11.6 billion a year ago. Taqa’s fall in profit was attributed to one-off items recognised in 2023. Net income at Taqa, excluding the one-off items, increased by AED100 million, 6.9 percent […] May 15, 2024
Renewable Energy Bahrain signs deal with Masdar to develop wind energy UAE clean energy company Masdar has formed a partnership with Bahrain’s Bapco Energies to explore the development of wind energy projects in Bahrain. The two companies will develop up to two gigawatts (GW) in near-shore and offshore wind farms, Masdar said. The collaboration will help Bahrain accelerate the decarbonisation of its critical industrial sectors. Energy, […] May 1, 2024
Finance Oman and UAE sign deals worth $35bn The UAE and Oman have announced a host of new commercial and business deals worth a total of AED129 billion ($35 billion). The partnerships were agreed during Monday’s state visit to the Emirates by the ruler of Oman, Sultan Haitham bin Tariq al Said. Investment and collaboration agreements covered areas including renewable energy, green metals, […] April 23, 2024
Energy Spain open to Taqa’s bid for potential Naturgy takeover The Spanish government is open to allowing Abu Dhabi National Energy Company (Taqa) to make a potential takeover bid for energy firm Naturgy, according to a media report. “I have spoken of the need to be vigilant and guarantee energy security in defence of Spain’s strategic interests,” Reuters reported Spanish energy minister Teresa Ribera as […] April 22, 2024
Renewable Energy Cost of Xlinks Morocco-UK project balloons by a third The cost of an ambitious project to deliver green energy from the south of Morocco to power homes in the UK has ballooned by more than a third to $30 billion. Xlinks First is behind the Morocco-UK renewables project, which would construct the world’s longest high-voltage direct current (HVDC) subsea power cable between the North […] April 19, 2024
Energy Taqa confirms potential buyout of Spain’s Naturgy Abu Dhabi National Energy Company (Taqa) has confirmed that it is holding talks with the three biggest shareholders of Spanish energy company Naturgy. In a statement published on the Abu Dhabi Securities Exchange, Taqa said it is holding talks with Criteria Caixa, which has a 26.7 percent stake in Naturgy. Discussions are also ongoing with […] April 18, 2024
Opinion Transport If EVs can make it here, they can make it anywhere The battery powered car is on the up, even in the oil-soaked Gulf March 25, 2024
Renewable Energy XLinks reaffirms UK is priority for Morocco power project British renewable power company Xlinks is “100 percent committed to the UK” despite reports suggesting it was refocusing its attention on Germany. Xlinks is overseeing the $22 billion Morocco-UK renewables project, which involves building solar panel and wind farms in the desert of the North African country. Via the installation of high-voltage direct current (HVDC) […] March 13, 2024
Energy Masdar to build solar plants for UAE defence ministry Abu Dhabi’s clean energy giant Masdar and the UAE defence ministry have agreed to develop multi-solar plants across Abu Dhabi. Emerge, a joint venture between Masdar and France’s EDF Group, will provide a full turnkey solution for the projects for 25 years, including finance, design, procurement, construction, operations, and maintenance. No other project details were […] March 8, 2024
