Company Insights Abu Dhabi National Energy Company (Taqa) Energy Abu Dhabi National Energy Company (Taqa) News Energy Taqa profits down 17% despite rising revenue Abu Dhabi National Energy Company (Taqa) said net profit for the second quarter of 2023 fell 17 percent to AED1.92 billion ($523 million) from SAR2.31 billion a year ago. With assets estimated at AED200 billion, Taqa is the third largest listed company in the UAE and one of the top 10 utilities in Europe, the […] August 14, 2023 Energy Masdar chief hails ‘defining moment’ in $3bn green fund The chairman of Abu Dhabi Future Energy Company, better known as Masdar, has described the completion of its debut green bond issuance as a “defining moment”. The $750 million 10-year senior unsecured notes are listed on the London Stock Exchange (LSE) and form the first part of a programme to raise up to $3 billion. […] August 7, 2023 Analysis Transport Electric car sales on the charge due to UAE policy The UAE is forecast to encounter a 32 percent increase in sales of passenger electric vehicles this year as the government launches a national policy to support the sector’s growth. Sales are expected to reach almost 22,000, up from an estimated 16,442 in 2022. Longer-term calculations suggest the total number of EVs will exceed 370,000 […] August 2, 2023 Energy Morocco invests $5.6bn in clean energy projects Morocco’s investment in cost-effective clean energy to meet local electricity demand has reached $5.6 billion, according to its energy transition and sustainable development minister Leila Benali. Projects with a combined capacity of 4.6 gigawatts (GW) are currently under construction, Morocco World News daily reported citing the minister. Nearly 203 megawatts (MWs) of additional capacity from renewable sources […] July 31, 2023 Analysis Renewable Energy Clean energy set to power GCC-Central Asia trade growth Leaders from the GCC and countries in Central Asia, known as the C5 bloc, have pledged to boost trade, with clean energy expected to be at the heart of the relationship. The pledge was made at a summit held last week in Jeddah, which built on a meeting last September between foreign ministers from both […] July 26, 2023 Energy UK-Morocco renewables project ‘on track for 2030’ The $20 billion Xlinks Morocco-UK renewables project is “on track for completion in 2030”, the company’s CEO Simon Morrish has told AGBI, with approval now granted to build the facility that will manufacture the subsea cables critical to its development. The cable operations will be overseen by XLCC which was set up by Xlinks in […] July 19, 2023 Abu Dhabi’s Taqa to buy local water firm for $463m Abu Dhabi National Energy Company (Taqa) has signed an agreement to buy UAE-based Sustainable Water Solutions Holding Company (SWS Holding) for AED1.7 billion ($462.91 million). Launched in May, SWS Holding took ownership of Abu Dhabi Sustainable Water Solutions Company (ADSWS), the entity behind the emirate’s wastewater collection, treatment and reuse. As part of the deal, […] June 21, 2023 Energy Aramco dividends outstrip rival blue-chips Saudi Aramco’s payouts of dividends surpass those of other leading global companies, and the world’s top oil producer provides sizeable returns for its shareholders in monetary terms. Aramco listed on Riyadh’s bourse in December 2019 following a $29.4 billion initial public offering that sold around 1.7 percent of the government-owned company’s stock. Since then, it […] May 31, 2023 Infrastructure Dubai’s Dewa gets 2 bids for $410m Hassyan water project Utility provider Dubai Electricity and Water Authority (Dewa) received two bids for its 120 million gallons per day Hassyan independent water producer project. Bids were submitted from Saudi’s Acwa Power and UAE’s Abu Dhabi National Energy Company (Taqa). Acwa Power sent the lowest water levelised tariff of $0.389 per cubic metre for the base proposal […] May 26, 2023 Energy Taqa and Adnoc pair up on $2.4bn seawater project Adnoc and Taqa, two of the UAE’s largest energy companies, have announced a $2.4 billion project to treat seawater and deliver sustainable water supplies to onshore operations. Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company, better known as Taqa, will jointly hold a 51 percent majority stake (25.5 percent each) in […] May 24, 2023 Posts navigation Previous 1 … 6 7 8 … 10 Next
Energy Taqa profits down 17% despite rising revenue Abu Dhabi National Energy Company (Taqa) said net profit for the second quarter of 2023 fell 17 percent to AED1.92 billion ($523 million) from SAR2.31 billion a year ago. With assets estimated at AED200 billion, Taqa is the third largest listed company in the UAE and one of the top 10 utilities in Europe, the […] August 14, 2023
Energy Masdar chief hails ‘defining moment’ in $3bn green fund The chairman of Abu Dhabi Future Energy Company, better known as Masdar, has described the completion of its debut green bond issuance as a “defining moment”. The $750 million 10-year senior unsecured notes are listed on the London Stock Exchange (LSE) and form the first part of a programme to raise up to $3 billion. […] August 7, 2023
Analysis Transport Electric car sales on the charge due to UAE policy The UAE is forecast to encounter a 32 percent increase in sales of passenger electric vehicles this year as the government launches a national policy to support the sector’s growth. Sales are expected to reach almost 22,000, up from an estimated 16,442 in 2022. Longer-term calculations suggest the total number of EVs will exceed 370,000 […] August 2, 2023
Energy Morocco invests $5.6bn in clean energy projects Morocco’s investment in cost-effective clean energy to meet local electricity demand has reached $5.6 billion, according to its energy transition and sustainable development minister Leila Benali. Projects with a combined capacity of 4.6 gigawatts (GW) are currently under construction, Morocco World News daily reported citing the minister. Nearly 203 megawatts (MWs) of additional capacity from renewable sources […] July 31, 2023
Analysis Renewable Energy Clean energy set to power GCC-Central Asia trade growth Leaders from the GCC and countries in Central Asia, known as the C5 bloc, have pledged to boost trade, with clean energy expected to be at the heart of the relationship. The pledge was made at a summit held last week in Jeddah, which built on a meeting last September between foreign ministers from both […] July 26, 2023
Energy UK-Morocco renewables project ‘on track for 2030’ The $20 billion Xlinks Morocco-UK renewables project is “on track for completion in 2030”, the company’s CEO Simon Morrish has told AGBI, with approval now granted to build the facility that will manufacture the subsea cables critical to its development. The cable operations will be overseen by XLCC which was set up by Xlinks in […] July 19, 2023
Abu Dhabi’s Taqa to buy local water firm for $463m Abu Dhabi National Energy Company (Taqa) has signed an agreement to buy UAE-based Sustainable Water Solutions Holding Company (SWS Holding) for AED1.7 billion ($462.91 million). Launched in May, SWS Holding took ownership of Abu Dhabi Sustainable Water Solutions Company (ADSWS), the entity behind the emirate’s wastewater collection, treatment and reuse. As part of the deal, […] June 21, 2023
Energy Aramco dividends outstrip rival blue-chips Saudi Aramco’s payouts of dividends surpass those of other leading global companies, and the world’s top oil producer provides sizeable returns for its shareholders in monetary terms. Aramco listed on Riyadh’s bourse in December 2019 following a $29.4 billion initial public offering that sold around 1.7 percent of the government-owned company’s stock. Since then, it […] May 31, 2023
Infrastructure Dubai’s Dewa gets 2 bids for $410m Hassyan water project Utility provider Dubai Electricity and Water Authority (Dewa) received two bids for its 120 million gallons per day Hassyan independent water producer project. Bids were submitted from Saudi’s Acwa Power and UAE’s Abu Dhabi National Energy Company (Taqa). Acwa Power sent the lowest water levelised tariff of $0.389 per cubic metre for the base proposal […] May 26, 2023
Energy Taqa and Adnoc pair up on $2.4bn seawater project Adnoc and Taqa, two of the UAE’s largest energy companies, have announced a $2.4 billion project to treat seawater and deliver sustainable water supplies to onshore operations. Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company, better known as Taqa, will jointly hold a 51 percent majority stake (25.5 percent each) in […] May 24, 2023
