Company Insights Abu Dhabi National Energy Company (Taqa) Energy Abu Dhabi National Energy Company (Taqa) News Finance Taqa secures funding for $444m desalination project Abu Dhabi National Energy Company (Taqa) has secured finance for its AED1.6 billion ($444 million) low-carbon intensive Shuweihat 4 reverse osmosis seawater desalination project (S4 RO). The project was developed by Abu Dhabi’s Emirates Water and Electricity Company (EWEC) and Spain’s GS Inima, and is funded (71 percent) through debt financing from both local and […] December 24, 2023 Renewable Energy TotalEnergies invests $25m in Xlinks TotalEnergies announced on Wednesday that it has invested £20 million ($25.4 million) to acquire a minority stake in Xlinks, the company overseeing the £22 billion Morocco-UK renewables project. The French oil and gas major joins fellow investors Octopus Energy and Abu Dhabi National Energy Company (Taqa), the UAE’s largest power producer, which gave a substantial […] November 29, 2023 Renewable Energy UAE opens world’s largest single-site solar plant The UAE’s Al Dhafra project – described by its developers as the world’s largest single-site solar power plant – has been formally inaugurated, with an annual production capacity of 2 gigawatts (GW). The Al Dhafra solar PV (photovoltaic) plant is located 35 kilometres from Abu Dhabi’s capital city. It can generate enough electricity to power […] November 17, 2023 Oil & Gas Adnoc says revised emissions target is ‘strong step’ forward Adnoc, the Abu Dhabi National Oil Company, aims to be “net-zero operations” in terms of greenhouse gas emissions by 2045, five years earlier than originally planned. The government-owned energy company is investing billions of dollars to cut its in-house carbon emissions. Crucially, its targets exclude emissions created by customers consuming its oil and gas, although […] November 15, 2023 Renewable Energy Budget for Xlinks UK-Morocco energy project rises The Xlinks Morocco-UK renewables project has run over budget by £4 billion ($4.8 billion) but the company is continuing to push ahead with the project, saying that it remains good value for money. “The rising cost is no different to what’s happening everywhere else,” Xlinks’ CEO Simon Morrish told AGBI, highlighting changes in supply chain […] October 4, 2023 Energy Funding secured for Adnoc’s $2.2bn water supply project Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company (Taqa) have completed the financial closing of a AED8.3 billion ($2.2 billion) project to provide a sustainable water supply for Adnoc’s onshore operations. The investment by the two Abu Dhabi energy majors aims to develop and operate facilities to sustainably treat and supply […] September 25, 2023 Finance Taqa lists $1.5bn green bonds on Abu Dhabi exchange Abu Dhabi National Energy Company (Taqa) has listed its dual-tranche $1.5 billion bonds on the Abu Dhabi Securities Exchange (ADX). The order book was nearly 10 times oversubscribed, with regional and international investors placing total orders of over $15 billion, the energy major said in a statement. The five-year $500 million notes, maturing in 2029, […] September 8, 2023 Sustainability UAE companies pledge $450m to buy African carbon credits The UAE Carbon Alliance, a coalition of UAE companies aiming to develop a carbon market in the emirates, has pledged to buy $450 million of African carbon credits by 2030. The alliance signed a non-binding agreement with the Africa Carbon Markets Initiative (ACMI), which was launched last year at Cop27 in Egypt to harness potential […] September 5, 2023 Renewable Energy Taqa to invest up to $2.5bn in Gautam Adani’s power units Abu Dhabi National Energy Company (Taqa) is assessing an investment of $1.5 billion to $2.5 billion in the power businesses of Indian billionaire Gautam Adani, a local Indian daily reported. The Abu Dhabi Securities Exchange-listed company plans to invest in one or multiple Adani Group companies, the Economic Times, a financial daily, reported, citing informed […] August 18, 2023 Infrastructure Dewa selects Acwa Power to develop $914m water project Dubai Electricity and Water Authority (Dewa) has selected Saudi Arabia’s Public Investment Fund-backed Acwa Power as the preferred bidder for the construction and operation of the AED3.38 billion ($914 million) Hassyan phase one independent water producer (IWP) project. The project is the largest of its kind in the world for water production-based sea water reverse osmosis […] August 17, 2023 Posts navigation Previous 1 … 5 6 7 … 10 Next
Finance Taqa secures funding for $444m desalination project Abu Dhabi National Energy Company (Taqa) has secured finance for its AED1.6 billion ($444 million) low-carbon intensive Shuweihat 4 reverse osmosis seawater desalination project (S4 RO). The project was developed by Abu Dhabi’s Emirates Water and Electricity Company (EWEC) and Spain’s GS Inima, and is funded (71 percent) through debt financing from both local and […] December 24, 2023
Renewable Energy TotalEnergies invests $25m in Xlinks TotalEnergies announced on Wednesday that it has invested £20 million ($25.4 million) to acquire a minority stake in Xlinks, the company overseeing the £22 billion Morocco-UK renewables project. The French oil and gas major joins fellow investors Octopus Energy and Abu Dhabi National Energy Company (Taqa), the UAE’s largest power producer, which gave a substantial […] November 29, 2023
Renewable Energy UAE opens world’s largest single-site solar plant The UAE’s Al Dhafra project – described by its developers as the world’s largest single-site solar power plant – has been formally inaugurated, with an annual production capacity of 2 gigawatts (GW). The Al Dhafra solar PV (photovoltaic) plant is located 35 kilometres from Abu Dhabi’s capital city. It can generate enough electricity to power […] November 17, 2023
Oil & Gas Adnoc says revised emissions target is ‘strong step’ forward Adnoc, the Abu Dhabi National Oil Company, aims to be “net-zero operations” in terms of greenhouse gas emissions by 2045, five years earlier than originally planned. The government-owned energy company is investing billions of dollars to cut its in-house carbon emissions. Crucially, its targets exclude emissions created by customers consuming its oil and gas, although […] November 15, 2023
Renewable Energy Budget for Xlinks UK-Morocco energy project rises The Xlinks Morocco-UK renewables project has run over budget by £4 billion ($4.8 billion) but the company is continuing to push ahead with the project, saying that it remains good value for money. “The rising cost is no different to what’s happening everywhere else,” Xlinks’ CEO Simon Morrish told AGBI, highlighting changes in supply chain […] October 4, 2023
Energy Funding secured for Adnoc’s $2.2bn water supply project Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company (Taqa) have completed the financial closing of a AED8.3 billion ($2.2 billion) project to provide a sustainable water supply for Adnoc’s onshore operations. The investment by the two Abu Dhabi energy majors aims to develop and operate facilities to sustainably treat and supply […] September 25, 2023
Finance Taqa lists $1.5bn green bonds on Abu Dhabi exchange Abu Dhabi National Energy Company (Taqa) has listed its dual-tranche $1.5 billion bonds on the Abu Dhabi Securities Exchange (ADX). The order book was nearly 10 times oversubscribed, with regional and international investors placing total orders of over $15 billion, the energy major said in a statement. The five-year $500 million notes, maturing in 2029, […] September 8, 2023
Sustainability UAE companies pledge $450m to buy African carbon credits The UAE Carbon Alliance, a coalition of UAE companies aiming to develop a carbon market in the emirates, has pledged to buy $450 million of African carbon credits by 2030. The alliance signed a non-binding agreement with the Africa Carbon Markets Initiative (ACMI), which was launched last year at Cop27 in Egypt to harness potential […] September 5, 2023
Renewable Energy Taqa to invest up to $2.5bn in Gautam Adani’s power units Abu Dhabi National Energy Company (Taqa) is assessing an investment of $1.5 billion to $2.5 billion in the power businesses of Indian billionaire Gautam Adani, a local Indian daily reported. The Abu Dhabi Securities Exchange-listed company plans to invest in one or multiple Adani Group companies, the Economic Times, a financial daily, reported, citing informed […] August 18, 2023
Infrastructure Dewa selects Acwa Power to develop $914m water project Dubai Electricity and Water Authority (Dewa) has selected Saudi Arabia’s Public Investment Fund-backed Acwa Power as the preferred bidder for the construction and operation of the AED3.38 billion ($914 million) Hassyan phase one independent water producer (IWP) project. The project is the largest of its kind in the world for water production-based sea water reverse osmosis […] August 17, 2023
