Abu Dhabi National Energy PJSC (TAQA`B)

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News

27 November 05:31 PM TAQA, Dubal Holding to acquire EGA’s Al Taweelah power plant for $1.9bn

Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) and Dubal Holding aim to acquire Emirates Global Aluminium’s(EGA) assets in Al Taweelah power plant for $1.90 billion (AED 7 billion), according to a press release. The two entities …

Mergers and Acquisitions

2 November 11:50 AM TAQA sells India's Neyveli power plant for AED 387m

Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (TAQA) has sold its entire stake in TAQA Neyveli Power Company Private Limited to India-based MEIL Energy Private Limited for INR 9.26 billion (around AED 387 million). The deal marks TAQA’s …

Companies Investments

4 September 09:34 AM TAQA-led consortium concludes financial closing of $4bn greenfield power plants in Saudi Arabia

Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA), Japan-based JERA Company, and Al Bawani Capital jointly announced the financial closing of two greenfield power plants in Saudi Arabia. The projects are Rihab ElAwal Power Company …

Companies Investments

31 August 11:29 AM TAQA Distribution, Aldar join forces to boost sustainable developments

Abu Dhabi - Mubasher: TAQA Distribution, a subsidiary of Abu Dhabi National Energy Company (TAQA), and Aldar Properties have entered into a strategic partnership to bolster the development of sustainable and integrated communities in Abu Dhabi. …

Companies Investments

25 August 07:43 AM TAQA takes over GS Inima to accelerate global water growth strategy

Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (TAQA) has signed an agreement to fully acquire GS Inima, a global leader in water treatment and water desalination, from GS Engineering and Construction. Under the transaction, valued at …

Mergers and Acquisitions

21 August 04:18 PM TAQA secures AED 8.5bn loan with participation of 3 UAE-listed banks

Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (TAQA) has secured an AED 8.50 billion corporate term loan facility to strengthen its balance sheet and support long-term growth. The two-year AED-denominated floating-rate facility, with a …

Banking and Finance

14 August 08:53 AM TAQA’s revenues up 4.5% in H1-25; dividends for Q2 approved

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) recorded net profits after tax amounting to AED 3.93 billion in the first half (H1) of 2025, compared to AED 4.76 billion in H1-24. The revenues jumped by 4.50% to AED 28.42 billion in …

Cash Dividends

10 July 03:37 PM Masdar joins Iberdrola for EUR 5.2bn wind farm project in UK

Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar), in which Abu Dhabi National Energy Company (TAQA) holds a 43% shareholding, has signed an agreement with Iberdrola to co-invest in the 1.40 GW East Anglia THREE wind farm in the UK. …

Companies Investments

18 May 08:54 AM TAQA posts higher revenues at AED 14.2bn in Q1-25

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) generated net profits attributable to the owners amounting to AED 2.15 billion in the first quarter (Q1) of 2025. The recorded net profits were higher than AED 2.13 billion in Q1-24, …

Financial Results

17 April 05:39 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 …

Mergers and Acquisitions

6 April 02:38 PM TAQA, EWEC ink power purchase agreement for AED 36bn project

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) and Emirates Water and Electricity Company (EWEC) jointly developed and implemented new energy infrastructure projects to advance the UAE National Strategy for Artificial Intelligence …

Companies Investments

13 February 10:04 PM TAQA’s profits fall to AED 7.3bn in 2024; dividends proposed

Abu Dhabi – Mubasher: The net profits of Abu Dhabi National Energy Company (TAQA) retreated year-on-year (YoY) to AED 7.33 billion in 2024 from AED 16.82 billion. Total revenues increased by 6.70% to AED 55.16 billion as of 31 December 2024 from …

Cash Dividends

24 December 2024 00:32 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 10:52 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 …

Macroeconomics

22 December 2024 03:05 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 03:20 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 10:24 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 09:16 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 07:53 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 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 …

Mergers and Acquisitions

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 …

Banking and Finance