Abu Dhabi National Energy PJSC (TAQA)

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News

17 April 2025 06:39 PM TAQA fully acquires UK-based energy investment platform TI

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) fully acquired Transmission Investment (TI), a leading UK-based energy and utility investment platform, according to a press release. The acquisition anchors TAQA's position in the …

Companies Investments

24 December 2024 01:32 PM Masdar, Endesa to bolster Spain’s renewable energy via stake acquisition deal

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar) and Endesa finalised a landmark partnership agreement to advance renewable energy initiatives in Spain, according to a press release. After obtaining all regulatory approvals, Masdar …

Mergers and Acquisitions

23 December 2024 11:52 PM Sheikh Tahnoon bin Zayed emphasises ADQ’s pivotal role in supporting regional prosperity

UAE – Mubasher: Deputy Ruler of Abu Dhabi, Sheikh Tahnoon bin Zayed Al Nahyan, has chaired the board meeting of ADQ, emphasising the pivotal role of ADQ in driving Abu Dhabi’s growth, according to an official statement. Al Nahyan further endorsed …

Global Economy

22 December 2024 04:05 PM Masdar fully acquires Saeta to reinforce footprint in Iberian Peninsula

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar) has fully acquired Saeta Yield from Brookfield Renewable and its institutional partners for an implied enterprise value of EUR 1.20 billion. This transaction includes an operating and …

Companies Investments

1 December 2024 04:20 PM Masdar acquires TERNA ENERGY for EUR 3.2bn

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar), in which Abu Dhabi National Energy Company (TAQA) holds a 43% shareholding, acquired 70% of the shares of TERNA ENERGY from GEK TERNA. The deal, which has an enterprise value of EUR …

Companies Investments

19 November 2024 11:24 AM TAQA joins consortium to develop 2 new power plants in Saudi Arabia

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) joined forces with Japan-based JERA Company and Al Bawani Capital, a subsidiary of Al Bawani Holding, for power projects in Saudi Arabia. The three companies entered into two 25-year  …

Companies Investments

17 November 2024 10:16 AM TAQA’s profits cross AED 6.6bbn in 9M-24; revenues up 6%

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) achieved net profits valued at AED 6.62 billion in the first nine months (9M) of 2024, down from AED 15.37 billion in 9M-23. Revenues hit AED 41.74 billion in 9M-24, higher by 6% …

Financial Results

6 October 2024 08:53 PM TAQA prices $1.75bn senior unsecured notes including green bond offering

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has completed the pricing of dual-tranche senior unsecured notes at an aggregated value of $1.75 billion, on the back of strong demand from domestic, regional, and international …

Bonds

26 September 2024 10:27 AM TAQA partners with SUEZ, Siemens for desalination initiative

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) inked a joint agreement to ensure sustainable and affordable access to water for communities in emerging countries, according to a press release. The memorandum of understanding (MoU) …

Companies Investments

24 September 2024 02:08 PM TAQA announces $1.4bn acquisition deal for Masdar

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar), in which Abu Dhabi National Energy Company (TAQA) holds a 43% shareholding, plans to acquire Saeta Yield from Brookfield Renewable. The transaction is valued at $1.40 billion, which …

Companies Investments

16 September 2024 10:00 AM TAQA announces new brands following companies merger

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has unveiled a new brand identity for its group of companies, according to a press release. This move aligns with TAQA’s strategy and transformation objectives to expand through …

Companies Investments

22 August 2024 02:59 PM TAQA, JERA to commence establishing expansion industrial steam plant in Saudi Arabia

Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) and Japan-based JERA Company announced the financial closing of Najim Cogeneration Company Limited, according to a press release. The joint venture (JV) is a new industrial steam and …

Companies Investments

14 August 2024 10:54 AM TAQA records AED 4.5bn net profits in H1-24

Abu Dhabi – Mubasher The net profits of Abu Dhabi National Energy Company (TAQA) plummeted to AED 4.59 billion in the first half (H1) of 2024 from AED 13.66 billion in H1-23. The revenues stood at AED 27.17 billion in H1-24, up 2% year-on-year …

Financial Results

4 June 2024 02:56 PM TAQA completes financing of Juranah ISWR-1 project co-led by 4 lenders

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …

Companies Investments

16 May 2024 10:25 AM TAQA’s net income exceeds AED 2.1bn in Q1-24 consolidated results

Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) posted net income valued at AED 2.13 billion in the first quarter (Q1) of 2024, an annual plunge from AED 11.56 billion. The decrease of AED 9.50 billion is due to one-off items …

Financial Results

28 March 2024 00:11 PM TAQA, Japan’s JERA partner to build power plant in Saudi Arabia

Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) and Japan’s energy giant JERA signed a power and steam purchase agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP) to develop a greenfield industrial steam …

Companies Investments

19 March 2024 05:57 PM Masdar to acquire 50% stake in US-based Terra-Gen

Abu Dhabi – Mubasher Abu Dhabi Future Energy Company (Masdar) plans to acquire a 50% stake in Terra-Gen Power Holdings II, LLC, one of the largest independent renewable energy power producers in the US, from Energy Capital Partners (ECP). Abu …

Mergers and Acquisitions

14 February 2024 01:39 PM TAQA posts hike in 2023 profits; dividends proposed

Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) recorded net profits attributable to the owners valued at AED 16.64 billion in 2023, an annual leap from AED 8.03 billion. Revenues witnessed an annual growth of 3% to AED 51.71 billion …

Financial Results

22 January 2024 00:19 PM TAQA plans to sell shares in Atrush oil field

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) unveiled definitive agreements with General Exploration Partners (GEP) to sell all of its interest in the Atrush oil field in the Kurdistan Region of Iraq. TAQA entered into the deal …

Companies Investments

2 January 2024 11:55 AM TAQA joins consortium for AED 1.5bn project in Saudi Arabia

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) participated in a consortium for the Juranah Independent Strategic Water Reservoir Project (ISWR-1) in Saudi Arabia. The consortium also includes Vision International Investment …

Companies Investments

24 December 2023 01:51 PM TAQA unveils AED 1.6bn joint project; Co-funded by ADIB, CBD

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), GS Inima, and Emirates Water and Electricity Company (EWEC), concluded the financial process of AED 1.60 billion ($444 million) low-carbon intensive Shuweihat 4 Reverse Osmosis …

Companies Investments

5 December 2023 04:14 PM Abu Dhabi introduces Hub71+ ClimateTech for startups worldwide; listed entities involved

UAE – Mubasher: Abu Dhabi’s global tech ecosystem Hub71 has launched Hub71+ ClimateTech as a specialist ecosystem dedicated to endorsing and helping startups across the globe, according to a press release. Meanwhile, the Abu Dhabi National Oil …

Global Economy

13 November 2023 02:14 PM TAQA posts higher profits in 9M-23 at AED 15.19bn

Abu Dhabi – Mubasher: The net profits of Abu Dhabi National Energy Company (TAQA) hit AED 15.19 billion in the first nine months (9M) of 2023, compared to AED 6.57 billion in 9M-22. Revenues grew to AED 39.54 billion in January-September 2023 from …

Financial Results

17 August 2023 07:06 PM TAQA among consortium to launch membership community with Aurora50

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) joined a group of UAE-based firms to partner with Aurora50 for the launch of Noora membership community, according to a press release. The consortium consisted of Accenture, Emirates …

Companies Investments

14 August 2023 02:49 PM TAQA announces AED 13.53bn profits in H1-23, dividends for Q2

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) generated AED 13.53 billion in net profit after tax during the first half (H1) of 2023, versus AED 4.24 billion in H1-22. Revenues stood at AED 26.80 billion as of 30 June 2023, up 5% …

Financial Results