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 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
Taqa has 23 gigawatts of power-generation capacity globally, with assets in Canada, Ghana, India, Iraq, the US and several other countries
Abu Dhabi oil company TAQA saw increased profits in H1 2012 owing to strong power and water performance and divested assets.