TAQA - statistics & facts
Founded in 2005, TAQA (The Abu Dhabi National Energy Company) is a major government-owned energy firm based in Abu Dhabi. Operating across the power generation, water desalination, and oil and gas sectors, TAQA has become one of the Middle East's leading utilities companies, with assets in 11 countries. In 2023, TAQA reported revenue of over 51 billion dirhams.
TAQA’s global portfolio features significant oil and gas assets in Canada, the UK North Sea, the Netherlands, and Iraq, producing substantial oil and natural gas. In power and water, TAQA operates major generation facilities in Morocco, Ghana, and India, reinforcing its strong international presence in the energy sector.
TAQA’s growth strategy is heavily anchored in strategic partnerships, such as its collaboration with ADNOC, one of the world’s leading energy producers, in the establishment of TAQA-ADNOC Utilities and Infrastructure Company to enhance the UAE’s utility infrastructure. As the company looks ahead, it plans to expand its renewable energy portfolio both domestically and internationally, while also exploring emerging technologies like energy storage and smart grids. With a strong financial foundation and a clear commitment to sustainability, TAQA is well-positioned to be a key player in the global shift towards a low-carbon economy.
TAQA’s operations and global footprint
TAQA’s extensive portfolio includes both domestic and international assets. In the United Arab Emirates (UAE), TAQA is vital to the energy infrastructure, operating most of Abu Dhabi's power and water desalination plants, supplying over 71 percent and 95 percent of the city’s power and water needs, respectively. Internationally, TAQA focuses on oil and gas exploration, production, power generation, and water desalination across Europe, North America, and North Africa.TAQA’s global portfolio features significant oil and gas assets in Canada, the UK North Sea, the Netherlands, and Iraq, producing substantial oil and natural gas. In power and water, TAQA operates major generation facilities in Morocco, Ghana, and India, reinforcing its strong international presence in the energy sector.
TAQA’s sustainability and renewable energy initiatives
TAQA plays a crucial role in the UAE's Energy Strategy 2050, which aims to diversify the energy mix and reduce its emissions. Actively supporting the nation’s sustainability goals, TAQA is heavily investing in renewable energy projects, particularly solar and wind, to expand its green energy portfolio and enhance sustainability. TAQA’s current energy capacity consists of approximately 45 percent renewable energy (1480112). One of TAQA’s landmark projects is the Noor Abu Dhabi solar plant, one of the world's largest single-site solar projects, with a capacity of 1.2 gigawatts. TAQA is also partnering with Masdar, another UAE-based energy company, on Al Dhafra Solar PV project, which is expected to be the world’s largest solar power plant once completed. These initiatives align with TAQA’s commitment to expanding its renewable energy footprint and supporting the UAE’s goal of achieving 50 percent clean energy by 2050.Energy efficiency in desalination
TAQA is investing in enhancing its power and desalination plants by adopting reverse osmosis technology, which is more energy-efficient than traditional thermal desalination. This shift aims to significantly reduce energy consumption and carbon emissions in the UAE’s water production.TAQA’s growth strategy is heavily anchored in strategic partnerships, such as its collaboration with ADNOC, one of the world’s leading energy producers, in the establishment of TAQA-ADNOC Utilities and Infrastructure Company to enhance the UAE’s utility infrastructure. As the company looks ahead, it plans to expand its renewable energy portfolio both domestically and internationally, while also exploring emerging technologies like energy storage and smart grids. With a strong financial foundation and a clear commitment to sustainability, TAQA is well-positioned to be a key player in the global shift towards a low-carbon economy.
