TAQA Announces AED37B Investment for Data Hub Power
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Abu Dhabi National Energy Company (TAQA) has announced plans to invest over AED37 billion to support the power needs of Abu Dhabi's growing data and artificial intelligence hub.
The announcement was made by Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director, during the World Utilities Congress 2025. He revealed the investments align with TAQA's broader strategy to provide clean, certified, and reliable energy for critical infrastructure.
TAQA, with a market capitalisation of around AED360 billion, is among the top five companies in Europe, Africa, and the Middle East for electricity generation, transmission, and water desalination. The company operates in 25 countries.
Over the past four years, TAQA has doubled its electricity production capacity. It now generates 56 gigawatts—more than the total electricity consumed by the United Kingdom.
Key developments were also reported: TAQA acquired an 875-megawatt gas-powered station in Uzbekistan with Mubadala.
The move supports Uzbekistan's energy transition and opens access to Central Asian markets.
TAQA also acquired 'Transmission Investment', a UK-based platform focused on energy and utility infrastructure.
Further, the company is building a 1-gigawatt gas turbine power station to enhance its clean energy portfolio. In partnership with Masdar, in which TAQA holds a major stake, it is developing 5 gigawatts of solar energy backed by 19 gigawatt-hours of battery storage.
This integrated project aims to provide a steady 1-gigawatt energy supply for 24 hours. It is expected to become the world's largest solar-battery initiative of its kind.
TAQA has announced it will invest AED75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts. As part of this strategy, the company plans to develop water desalination plants with a combined daily capacity of 1.3 billion gallons. Two-thirds of this will use efficient reverse osmosis technology.
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TAQA Announces AED37B Investment for Data Hub Power
Home » Smart Sectors » Energy » TAQA Announces AED37B Investment for Data Hub Power Abu Dhabi National Energy Company (TAQA) has announced plans to invest over AED37 billion to support the power needs of Abu Dhabi's growing data and artificial intelligence hub. The announcement was made by Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director, during the World Utilities Congress 2025. He revealed the investments align with TAQA's broader strategy to provide clean, certified, and reliable energy for critical infrastructure. TAQA, with a market capitalisation of around AED360 billion, is among the top five companies in Europe, Africa, and the Middle East for electricity generation, transmission, and water desalination. The company operates in 25 countries. Over the past four years, TAQA has doubled its electricity production capacity. It now generates 56 gigawatts—more than the total electricity consumed by the United Kingdom. Key developments were also reported: TAQA acquired an 875-megawatt gas-powered station in Uzbekistan with Mubadala. The move supports Uzbekistan's energy transition and opens access to Central Asian markets. TAQA also acquired 'Transmission Investment', a UK-based platform focused on energy and utility infrastructure. Further, the company is building a 1-gigawatt gas turbine power station to enhance its clean energy portfolio. In partnership with Masdar, in which TAQA holds a major stake, it is developing 5 gigawatts of solar energy backed by 19 gigawatt-hours of battery storage. This integrated project aims to provide a steady 1-gigawatt energy supply for 24 hours. It is expected to become the world's largest solar-battery initiative of its kind. TAQA has announced it will invest AED75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts. As part of this strategy, the company plans to develop water desalination plants with a combined daily capacity of 1.3 billion gallons. Two-thirds of this will use efficient reverse osmosis technology.
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Jump on that bandwagon… 3 of 12 Look for available rental units on websites such as propertyfinder. ae, or A studio apartment could run you upwards of Dhs50,000 per year, while a 2-bedroom unit begins at about Dhs80,000. Obviously, this varies depending on which side of town you’re considering. Housing listings include agency and real estate agent information. Request a callback via Whatsapp and schedule a showing. When you’ve found the right apartment, you will need a credit check, proof of employment, ID, income statement, and other major documents to reserve your unit. Use your negotiation skills when liaising with the owner via your real estate agent. You will typically need to put down 5 per cent of the annual rental figure as your agent fee and another 5 per cent to confirm your interest. You can pay in quarterly, semiannual, and annual postdated cheques. In some parts, you could be lucky enough to find yourself a monthly payment deal. If you’re able to fork out a year’s payment upfront, however, you’ll usually get a few thousand Dirhams off the list price. When you’re ready to get power and water, you’ll need to get a connection in your name with TAQA (formerly ADDC). Charges include a Dhs1,000 deposit and chilled water deposit. For handyman services, speak with the property owner and property management company. Some properties have a tie-up with companies. When you’re registered, TAQA will set up your water and electricity accounts on Tawteeq. Finally, when you have it all taken care of, make sure you have a document called the Move-in Permit. Without this, the building staff won’t be legally allowed to let you move in with your furniture. Buying a property is a huge step in anyone's life. Whether you're looking to buy a home to live in or as an investment, here are 6 simple things for new home buyers to remember, as sent in by our readers. Obvious? Maybe. Helpful? Absolutely. > Sign up for FREE to get exclusive updates that you are interested in
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