Company Insights Abu Dhabi National Energy Company (Taqa) Energy Abu Dhabi National Energy Company (Taqa) News 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 Energy Taqa Q1 net income surges to $3.16bn on Adnoc Gas stake Abu Dhabi National Energy Company (Taqa) reported a net income of AED11.6 billion ($3.16 billion) in the first quarter of 2023, from AED1.97 billion a year earlier, mainly driven by its five percent stake in Adnoc Gas. Established in 2005, Taqa is a diversified utilities and energy group headquartered in Abu Dhabi. Net income for […] May 15, 2023 Energy Taqa invests $31m into Xlinks Morocco renewables project Abu Dhabi National Energy Company (Taqa) has given a substantial vote of confidence to the Xlinks’ Morocco-UK renewables project with its announcement of AED113 million ($31 million) in funding. Taqa’s investment comprises the lion’s share in the successful closing of UK renewable power firm Xlinks’ new development funding round. It raised a total of $37.4 […] April 26, 2023 Posts navigation Previous 1 … 7 8 9 … 11 Next
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
Energy Taqa Q1 net income surges to $3.16bn on Adnoc Gas stake Abu Dhabi National Energy Company (Taqa) reported a net income of AED11.6 billion ($3.16 billion) in the first quarter of 2023, from AED1.97 billion a year earlier, mainly driven by its five percent stake in Adnoc Gas. Established in 2005, Taqa is a diversified utilities and energy group headquartered in Abu Dhabi. Net income for […] May 15, 2023
Energy Taqa invests $31m into Xlinks Morocco renewables project Abu Dhabi National Energy Company (Taqa) has given a substantial vote of confidence to the Xlinks’ Morocco-UK renewables project with its announcement of AED113 million ($31 million) in funding. Taqa’s investment comprises the lion’s share in the successful closing of UK renewable power firm Xlinks’ new development funding round. It raised a total of $37.4 […] April 26, 2023
