Company Insights Abu Dhabi National Energy Company (Taqa) Energy Abu Dhabi National Energy Company (Taqa) News Renewable Energy Masdar views Middle East as biggest growth market UAE’s renewable energy company Masdar considers the Middle East its biggest market, even though its target is to grow globally, a senior executive has said. “The Middle East is the biggest market for us, we are a company from here, and this market is growing significantly,” Abdulaziz Alobaidli, chief executive officer of Masdar, told AGBI […] January 15, 2025 Energy Taqa among suitors for Germany’s $10bn Uniper The Abu Dhabi National Energy Company (Taqa) is interested in buying a stake in Germany’s government-owned power company, Uniper, media reports say. Uniper, which operates in more than 40 countries and has 34GW of generating capacity, was nationalised in 2022 during Europe’s energy crisis. The company needed a bailout when its former main gas supplier, Russia’s […] January 15, 2025 editor's insight Energy Geothermal could be the Gulf’s energy solution In Dubai, the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park is due to increase its production capacity in the hydrocarbon-poor emirate to over 4,500MW – roughly three big conventional power plants. In Abu Dhabi, the 2,000MW – 2GW – Dhafra plant is among the largest single-site solar PV power installations in the […] December 20, 2024 Renewable Energy Masdar-led consortium to build Saudi solar plant Masdar, the UAE clean energy company, has won a contract with Chinese and South Korean partners to develop a 2GW solar project in Saudi Arabia. The company, along with its partners GD Power of China and the Korea Electric Power Corporation, will build the plant at Al Sadawi, about 500km north of Riyadh in the […] November 20, 2024 Infrastructure Saudi Arabia announces winning bidders for water pipeline State-backed Saudi Water Partnership Company expects commercial operations at its Jubail-Buraydah independent water pipeline project to start in the first quarter of 2029. The plan follows its announcement about the preferred and reserve bidders for the water project. A Saudi consortium, comprising Al Jomaih Energy & Water Company, Nesma Company and Buhur for Investment Company, […] November 13, 2024 Construction ADQ unveils plans for Ras El Hekma Egyptian project Abu Dhabi sovereign wealth fund ADQ has revealed plans for the Ras El Hekma mega development, which is expected to contribute $25 billion annually to Egypt’s GDP and create 750,000 jobs both directly and indirectly. The sovereign fund has appointed Abu Dhabi-listed Modon Holding as the master developer for the 170 million sq m project. […] October 7, 2024 Renewable Energy Acwa Power-Sumitomo tie-up for Uzbekistan projects Saudi energy company Acwa Power and Japan’s Sumitomo Corporation will jointly develop renewable energy projects worth $4.2 billion in Uzbekistan. The first set of projects include Sazagan 1 and 2 in Samarkand, each consisting of a 500 megawatt (MW) solar PV plant and 334MW battery energy storage systems (BESS). These projects are slated to begin […] October 1, 2024 Finance ADQ’s $2bn bond issue draws fourfold demand Order books for the $2 billion bond sale by Abu Dhabi’s ADQ crossed $8 billion as it plans to diversify it funding sources to support new acquisitions. The sovereign wealth fund issued two tranches: a $1 billion seven-year bond at 85 basis points (bps) over US Treasuries and a $1 billion 30-year bond priced at […] September 26, 2024 EXCLUSIVE Renewable Energy Masdar ‘on the lookout’ for deals in China, says CFO Masdar, Abu Dhabi’s state-owned clean energy company, is looking to acquire assets in China as part of its strategy to expand its portfolio of renewable energy projects. Mazin Khan, its chief financial officer, told AGBI that “macroeconomic conditions, with high interest rates and renewable players looking for capital” were opening the door for mergers and […] September 5, 2024 Infrastructure UAE company involved in $1bn project in Uzbekistan A consortium, which includes an Abu Dhabi state-owned company, is set to develop a $1 billion wastewater treatment plant in Uzbekistan. The group, comprising Abu Dhabi Sustainable Water Solutions Company, Japan’s Marubeni Corporation and France’s Suez, signed a development agreement with Uzbekistan’s investment, industry and trade ministry and state-run Uzsuvtaminot JSC. The project, located in […] August 15, 2024 Posts navigation Previous 1 2 3 4 … 10 Next
Renewable Energy Masdar views Middle East as biggest growth market UAE’s renewable energy company Masdar considers the Middle East its biggest market, even though its target is to grow globally, a senior executive has said. “The Middle East is the biggest market for us, we are a company from here, and this market is growing significantly,” Abdulaziz Alobaidli, chief executive officer of Masdar, told AGBI […] January 15, 2025
Energy Taqa among suitors for Germany’s $10bn Uniper The Abu Dhabi National Energy Company (Taqa) is interested in buying a stake in Germany’s government-owned power company, Uniper, media reports say. Uniper, which operates in more than 40 countries and has 34GW of generating capacity, was nationalised in 2022 during Europe’s energy crisis. The company needed a bailout when its former main gas supplier, Russia’s […] January 15, 2025
editor's insight Energy Geothermal could be the Gulf’s energy solution In Dubai, the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park is due to increase its production capacity in the hydrocarbon-poor emirate to over 4,500MW – roughly three big conventional power plants. In Abu Dhabi, the 2,000MW – 2GW – Dhafra plant is among the largest single-site solar PV power installations in the […] December 20, 2024
Renewable Energy Masdar-led consortium to build Saudi solar plant Masdar, the UAE clean energy company, has won a contract with Chinese and South Korean partners to develop a 2GW solar project in Saudi Arabia. The company, along with its partners GD Power of China and the Korea Electric Power Corporation, will build the plant at Al Sadawi, about 500km north of Riyadh in the […] November 20, 2024
Infrastructure Saudi Arabia announces winning bidders for water pipeline State-backed Saudi Water Partnership Company expects commercial operations at its Jubail-Buraydah independent water pipeline project to start in the first quarter of 2029. The plan follows its announcement about the preferred and reserve bidders for the water project. A Saudi consortium, comprising Al Jomaih Energy & Water Company, Nesma Company and Buhur for Investment Company, […] November 13, 2024
Construction ADQ unveils plans for Ras El Hekma Egyptian project Abu Dhabi sovereign wealth fund ADQ has revealed plans for the Ras El Hekma mega development, which is expected to contribute $25 billion annually to Egypt’s GDP and create 750,000 jobs both directly and indirectly. The sovereign fund has appointed Abu Dhabi-listed Modon Holding as the master developer for the 170 million sq m project. […] October 7, 2024
Renewable Energy Acwa Power-Sumitomo tie-up for Uzbekistan projects Saudi energy company Acwa Power and Japan’s Sumitomo Corporation will jointly develop renewable energy projects worth $4.2 billion in Uzbekistan. The first set of projects include Sazagan 1 and 2 in Samarkand, each consisting of a 500 megawatt (MW) solar PV plant and 334MW battery energy storage systems (BESS). These projects are slated to begin […] October 1, 2024
Finance ADQ’s $2bn bond issue draws fourfold demand Order books for the $2 billion bond sale by Abu Dhabi’s ADQ crossed $8 billion as it plans to diversify it funding sources to support new acquisitions. The sovereign wealth fund issued two tranches: a $1 billion seven-year bond at 85 basis points (bps) over US Treasuries and a $1 billion 30-year bond priced at […] September 26, 2024
EXCLUSIVE Renewable Energy Masdar ‘on the lookout’ for deals in China, says CFO Masdar, Abu Dhabi’s state-owned clean energy company, is looking to acquire assets in China as part of its strategy to expand its portfolio of renewable energy projects. Mazin Khan, its chief financial officer, told AGBI that “macroeconomic conditions, with high interest rates and renewable players looking for capital” were opening the door for mergers and […] September 5, 2024
Infrastructure UAE company involved in $1bn project in Uzbekistan A consortium, which includes an Abu Dhabi state-owned company, is set to develop a $1 billion wastewater treatment plant in Uzbekistan. The group, comprising Abu Dhabi Sustainable Water Solutions Company, Japan’s Marubeni Corporation and France’s Suez, signed a development agreement with Uzbekistan’s investment, industry and trade ministry and state-run Uzsuvtaminot JSC. The project, located in […] August 15, 2024
