#Taqa
The company’s board of directors declared a third interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)
The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities
The order book was nearly 10 times oversubscribed at the time of issuance in April, with investors placing total orders of more than $15bn
The company has committed to reducing its carbon footprint by at least a quarter by 2030
The alliance aims to establish national cooperation in decarbonisation efforts, develop frameworks for carbon financing and increase knowledge of the carbon market
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
The project will develop a centralised seawater treatment facility for operations at the Bab and Bu Hasa fields in Abu Dhabi
The investment opportunities include new and existing power plants as well as associated power infrastructure with a combined value of more than $3bn
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
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
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
The Abu Dhabi-listed firm said proceeds from the issuances will be used to finance eligible green projects including renewable energy
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
The Gulf states are accelerating the decarbonisation of their energy sectors by investing heavily in renewable energy
The E2GO joint venture will play a critical role in delivering EV charging infrastructure across Abu Dhabi
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’s Board of Directors also declared an interim cash dividend of Dhs675m
The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent
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
The agreements will see Mubadala and Taqa each acquire a 40 per cent stake in two gas-fired power plants in Uzbekistan
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
The group’s revenue was Dhs45.7bn, 11 per cent higher than the previous year
The $700m placement is the largest green bond issued in the region
The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent
The partnership will create a clean energy giant, with a total generating capacity of at least 30 gigawatts of renewable energy by 2030
Group revenues equalled Dhs34.3bn, 11 per cent higher than an year-earlier period
Net proceeds from the sale of the notes will be used to repay outstanding debt
About 30 per cent of Taqa’s total generation will be made up of solar or wind plants
TAQA to expand its industrial park; AMCO to set up new manufacturing facilities
Upon full commercial operation, the plant is expected to reduce Abu Dhabi’s CO2 emissions by more than 2.4 million metric tons per year