#Taqa

TAQA Group posts Dhs16.7bn in full-year net income

TAQA Group posts Dhs16.7bn in full-year net income

The company’s board proposed a final cash dividend of 2.0 fils per share (approximately Dhs2.2bn), including a variable dividend of 0.7 fils

TAQA’s nine-month net income reaches Dhs15bn

TAQA Group posts Dhs15bn in nine-month net income

The company’s board of directors declared a third interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)

ADNOC, TAQA secure financing for $2.2bn water project

ADNOC, TAQA close $2.2bn financing for water project

The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities

TAQA lists dual-tranche bonds worth $1.5bn on ADX

Abu Dhabi’s TAQA lists $1.5bn dual-tranche bonds on ADX

The order book was nearly 10 times oversubscribed at the time of issuance in April, with investors placing total orders of more than $15bn

Taqa Morocco mulls sustainable energy projects

Taqa Morocco plans 1-Gigawatt wind, solar power projects by 2030

The company has committed to reducing its carbon footprint by at least a quarter by 2030

UAE carbon alliance launches Image Credit Getty Images

UAE Carbon Alliance launches; founding members include FAB, TAQA, ACX, Masdar

The alliance aims to establish national cooperation in decarbonisation efforts, develop frameworks for carbon financing and increase knowledge of the carbon market

TAQA, ENGIE & EWEC desalination plant.jpeg

TAQA, ENGIE and EWEC close $620m financing for desalination plant

The plant will desalinate seawater using low-carbon intensive reverse osmosis technology to produce water sufficient to meet the demand of up to 210,000 households

ADNOC Group Onshore Drilling Rig

ADNOC, TAQA invest $2.4bn to supply sustainable water to onshore operations

The project will develop a centralised seawater treatment facility for operations at the Bab and Bu Hasa fields in Abu Dhabi

TAQA, Uzbekistan power generation

TAQA to explore investments worth $3bn in Uzbekistan’s energy sector

The investment opportunities include new and existing power plants as well as associated power infrastructure with a combined value of more than $3bn

TAQA’s nine-month net income reaches Dhs15bn

UAE’s TAQA Group posts $3.2bn in Q1 net income

The Abu Dhabi-listed firm said its revenues jumped 6 per cent in Q1 2023 to Dhs13.14bn, bolstered by higher bulk supply tariffs and transmission charges

TAQA invest in clean energy startup

TAQA joins $37.3m funding round for clean energy startup Xlinks

Xlinks will use the proceeds to undertake the development of plans to lay the world’s longest high-voltage direct current subsea cables between the UK and Morocco

TAQA power generation

Abu Dhabi’s TAQA sells $1.5bn in dual-tranche bonds

Proceeds from the five-year tranche will be used for general corporate purposes while the 10-year green bond will be used to finance projects as set out in the framework

TAQA Group CEO and managing director, Jasim Husain Thabet

UAE utility firm TAQA sets up green finance framework

The Abu Dhabi-listed firm said proceeds from the issuances will be used to finance eligible green projects including renewable energy

ADNOC Distribution fuel pumps

Shareholders of ADNOC Distribution approve $700m dividend

The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn

Renewable energy in Saudi Arabia and UAE

UAE, Saudi Arabia lead GCC renewable energy investments: S&P Global

The Gulf states are accelerating the decarbonisation of their energy sectors by investing heavily in renewable energy

ADNOC Distribution, Taqa partner to offer EV charging points across UAE

ADNOC Distribution, Taqa partner to offer EV charging points across UAE

The E2GO joint venture will play a critical role in delivering EV charging infrastructure across Abu Dhabi

ADNOC, TAQA and Mubadala complete transaction to acquire Masdar stakes

Abu Dhabi’s ADNOC, TAQA and Mubadala complete deal to acquire Masdar stakes

Masdar targets a minimum of 100GW in renewable energy capacity and the production of up to one million tons of green hydrogen by 2030

TAQA

TAQA Group reports nine-month net income of Dhs6.5bn

TAQA’s Board of Directors also declared an interim cash dividend of Dhs675m

ADNOC's offshore operations

ADNOC, Taqa close $3.8bn deal to decarbonise offshore operations

The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent

ADQ monetises minority stake in Taqa to Multiply Group, Abu Dhabi Pension Fund, other investors

Abu Dhabi-based Taqa has significant investments in power and water generation, transmission and distribution assets, as well as upstream and midstream oil and gas operations

Mubadala and TAQA sign agreement

Mubadala, Taqa ink agreements to invest in Uzbekistan’s power sector

The agreements will see Mubadala and Taqa each acquire a 40 per cent stake in two gas-fired power plants in Uzbekistan

Abu Dhabi Fertiglobe

Abu Dhabi’s ADNOC, TAQA, Mubadala enter agreements to acquire Masdar stakes

ADNOC will hold a 43 per cent controlling stake in Masdar’s new green hydrogen joint venture, Mubadala will retain a 33 per cent interest, and TAQA will hold a 24 per cent stake

Abu Dhabi’s Taqa Group reports net income of Dhs6bn for 2021

The group’s revenue was Dhs45.7bn, 11 per cent higher than the previous year

Abu Dhabi’s Taqa and EWEC price first green bond linked to solar PV plant

The $700m placement is the largest green bond issued in the region

Abu Dhabi’s ADNOC, Taqa announce $3.6bn project to decarbonise offshore operations

The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent

Abu Dhabi’s ADNOC, TAQA form global green energy joint venture

The partnership will create a clean energy giant, with a total generating capacity of at least 30 gigawatts of renewable energy by 2030

Abu Dhabi’s TAQA reports net income of Dhs4.3bn for first nine months of 2021

Group revenues equalled Dhs34.3bn, 11 per cent higher than an year-earlier period

Abu Dhabi National Energy Company TAQA

Abu Dhabi’s TAQA completes $1.5bn dual-tranche bond sale

Net proceeds from the sale of the notes will be used to repay outstanding debt

Top UAE power producer joins global peers in renewables push

About 30 per cent of Taqa’s total generation will be made up of solar or wind plants

Saudi’s King Salman Energy Park signs tenant agreements with TAQA and AMCO

TAQA to expand its industrial park; AMCO to set up new manufacturing facilities