Abu Dhabi National Energy PJSC (TAQA)

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News

26 September 2024 09:27 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 01:08 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 09:00 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 01:59 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 09:54 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 01:56 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 …

Global Economy

16 May 2024 09:25 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 11:11 AM 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 04:57 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 00:39 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 …

Cash Dividends

22 January 2024 11:19 AM 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 10:55 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 00:51 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 …

Banking and Finance

5 December 2023 03:14 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 01:14 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 06:06 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 01:49 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

21 June 2023 02:14 PM TAQA to acquire SWS Holding for AED 1.7bn

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has entered into a definitive agreement to acquire Sustainable Water Solutions Holding Company (SWS Holding) at a value of AED 1.70 billion. The transaction will boost TAQA’s …

Companies Investments

31 May 2023 01:55 PM TAQA closes AED 2.3bn funding for joint desalination plant

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), ENGIE, and Emirates Water and Electricity Company (EWEC) concluded the financial closing of the low carbon desalination project at a value of AED 2.30 billion ($620 million). The …

Companies Investments

24 May 2023 11:54 AM ANDOC, TAQA, Orascom Construction join Metito for project worth up to $2.4bn

UAE - Mubahser: A consortium of Abu Dhabi National Oil Company (ADNOC), Abu Dhabi National Energy Company (TAQA), Orascom Construction, and Metito partnered for a joint project estimated at up to $2.40 billion, equivalent to AED 8.80 billion. The …

Companies Investments

22 May 2023 00:36 PM TAQA partners with Uzbekistan to foster infrastructure investment opportunities

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) collaborated with the government of Uzbekistan to explore strategic opportunities for investment in the Republic’s power sector. The partnerships include new and existing power plants …

Companies Investments

15 May 2023 09:15 AM TAQA records AED 11.57bn profits to shareholders in Q1-23; dividends unveiled

Abu Dhabi – Mubasher: The net profits attributable to the owners of Abu Dhabi National Energy Company (TAQA) hit AED 11.57 billion in the first quarter (Q1) of 2023. The recorded net profits were higher than AED 1.97 billion in Q1-22, mainly …

Cash Dividends

26 April 2023 00:14 PM TAQA announces investment in UK-Morocco Xlinks project

Abu Dhabi - Mubasher: Xlinks First Limited has secured GBP 30 million in a funding round from Abu Dhabi National Energy Company (TAQA) and Octopus Energy Group, according to a press release. TAQA endorsed Morocco’s clean energy project with GBP 25 …

Companies Investments

16 March 2023 01:16 PM TAQA unveils new dividends policy for 2023-2025, key appointments

Abu Dhabi - Mubasher: The shareholders of Abu Dhabi National Energy Company (TAQA) greenlighted a new dividend policy for 2023–2025 based on both fixed and variable dividends, according to a press release. The UAE-based firm will disburse a fixed …

Cash Dividends

19 February 2023 01:16 PM TAQA acquires 5% equity in ADNOC Gas

Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (TAQA) has acquired a 5% shareholding in ADNOC Gas’ total issued share capital, according to a press release. The stake acquisition aligned with the long-standing strategic partnership …

Companies Investments