UAE Edition 
Egypt Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
Read Full Issue 
Abu Dhabi National Energy Company (Taqa) is earmarking over 80% of its planned capital expenditures through 2030 for energy transition projects, Group CEO Jasim Thabet told Al Etihad. The company is planning to deploy AED 75 bn in capex by 2030 — including AED 40 bn for transmission and distribution, and AED 35 bn for power generation and water desalination — and already deployed AED 27 bn of that figure by the end of 2024. It is eyeing upping its electricity generation capacity to 150 GW by 2030 as well.
International expansion remains a focus, Thabet added. Taqa recently secured two new power projects with a combined 3.6 GW capacity and a AED 1.5 bn water infrastructure contract in Saudi Arabia’s Makkah region. Its acquisition of Transmission Investment marked its entry into the UK’s offshore electricity transmission sector. Thabet also previously described the US as a “key market” for future acquisitions.
IN OTHER ENERGY NEWS-
Masdar eyes construction on Azerbaijan wind farm before year-end: Masdar plans to begin construction on the 240 MW Absheron-Garadagh onshore wind farm in Azerbaijan by the end of the year, Azerbaijani media outlet Report quotes Business Development and Investment head Maryam Rashed Al Mazrouei as saying. The company’s solar projects in Azerbaijan are already under construction, with power generation expected to kick off within the next year.
This goes way back: The Absheron-Garadagh wind farm is part of a broader 1 GW portfolio of wind and solar projects developed by Masdar and Azerbaijan’s state oil company Socar. Masdar has a pipeline of 10 GW of clear energy capacity in Azerbaijan. The two also inked an MoU, alongside Saudi’s Acwa Power, to jointly develop 3.5 GW of offshore wind projects in the Caspian Sea.
Green exports also on the radar? The company is prepared to take part in the design and implementation of projects aimed at exporting renewable electricity to regional neighbors and European markets, Al Mazrouei said.
AMEA Power + Japan’s Kyuden International to develop green projects: Dubai-based AMEA Power signed an MoU with Japanese energy company Kyuden International Corporation to jointly develop clean energy and green hydrogen solutions, according to a press release. The MoU includes a cooperation framework for large-scale projects.
