Abu Dhabi National Energy Co (TAQA) has paid $1.02 billion in cash for its stake in Abu Dhabi Future Energy Company (Masdar), following an agreement to become Masdar’s shareholder alongside ADNOC and Mubadala Investment Co. TAQA said in a statement on Thursday that the transaction, which sets out to create a global clean energy powerhouse, […]
Masdar
Posted inEnergy Transition
Masdar achieves financial close for 230MW Garadagh solar PV in Azerbaijan
The project by Masdar will help to generate half a billion kilowatt-hours of electricity annually and will reduce emissions by more than 200,000 tonnes a year
Posted inNews, Energy Transition
Masdar JV to deliver clean energy for Abu Dhabi project
Emerge, a JV between Masdar and EDF, will provide a full turnkey solution, including design, procurement, and construction, as well as operation and maintenance services for the project
Posted inNews, Energy Transition
Masdar City reveals Abu Dhabi’s first net-zero energy office bldg
Masdar City’s MC2 project is being developed with consulting partners Woods Bagot and Faithful+Gould
Posted inNews, Energy Transition, Partnership
TAQA and ADNOC enter into binding agreements to purchase stakes in Masdar from Mubadala
The binding agreements will see TAQA acquire a 43% controlling stake in Masdar’s renewables business with Mubadala retaining a 33% interest, and ADNOC owning the remaining 24% interest
Posted inNews, Energy Transition
Masdar to develop 4GW of renewable, green hydrogen projects in Azerbaijan
Masdar also signed an MoU with the State Oil Company of Azerbaijan Republic for the joint development of renewable energy sources
Posted inEnergy Transition
ADNOC acquires 25% stake in bp’s blue hydrogen project marking its first investment in the UK
bp has inked an investment deal forming a strategic partnership with ADNOC and Masdar for its planned blue and green hydrogen projects
Posted inEnergy Transition
UAE focus: Perfecting the energy mix on the road to net zero
Angitha Pradeep analyses the UAE’s role as a global player in the hydrocarbon, renewable, and nuclear sectors as the current economic and geopolitical setting impacts its diversification strategies
Posted inNews
Masdar signs agreements to develop 4GW green hydrogen facilities in Egypt
The plants are expected to produce as much as 480,000 tonnes of green hydrogen per year
Posted inNews
The critical role partnerships play in the future of the energy industry
Azim Akhmadkhadjaev, First Deputy Minister for the Ministry of Energy in Uzbekistan spoke with Oil & Gas Middle East about how his country handled the pandemic, the role of gas in the energy transition, and the importance of cultivating partnerships for growth
How did the country’s gas sector fare during the pandemic? In 2020, natural gas production decreased by 12%. However, Uzbekistan recovered from this pandemic-induced drop during 2021, achieving more than 95% of pre-pandemic output. Overall, Uzbekistan’s economy was one of the few posting positive growth (1.7%) during the pandemic year. Considering almost the entire volume […]
Load more