Latest news with #Taqa
The National
3 days ago
- Business
- The National
Abu Dhabi's Taqa keeping tabs on tariffs as it considers international expansion
Abu Dhabi National Energy Company, better known as Taqa, is closely monitoring the global tariff situation as it keeps the option of buying international assets on the table, its chief executive said on Wednesday. Nearly half of the company's capacity is deployed in Abu Dhabi, and it is 'not seeing any direct impact from the tariffs so far', Jasim Thabet told The National in an interview on the sidelines of the World Utilities Congress in Abu Dhabi. 'But we are keeping a close eye on the flow of trades … if there are any tariffs happening [and] if there are opportunities for us to look at new markets to acquire new companies or to invest in other projects,' he said. Mr Thabet said Taqa is focusing on boosting its renewables portfolio and is expected to increase investment to keep pace with the power needs of the booming data centre industry. The company, which in April announced an artificial intelligence-focused initiative expected to drive Dh36 billion ($9.8 billion) of investments, will 'continue to monitor the market for trends', he said. That programme – 'a very big component' of which focuses on renewables – is being implemented in co-operation with Emirates Water and Electricity Company and clean energy firm Masdar, in which Taqa is the biggest shareholder. 'There's a combination of a lot of things – populations are growing, there's a need for additional and efficient power,' Mr Thabet said. 'We're very well placed when it comes to investments.' Taqa aims to deploy more renewable forms of energy, and is addressing one of its biggest challenges – ensuring an efficient transmission network for their distribution. The company owns and operates transmission lines from its power and water plants to roads and homes, and requires operational efficiency to guarantee uninterrupted supply to users. 'There's a big deployment of renewables, so there are lots of opportunities for investment in renewables and also in networks,' he said. 'One of the biggest bottlenecks is rolling out all the transmission networks that will require [those investments].' Data centres consume a significant amount of energy to handle massive amounts of data. Some are using sustainable sources such as solar and water to cut consumption and costs. Power demand from data centres worldwide is predicted to more than double to about 945TWh by 2030. This is slightly more than Japan's entire electricity consumption, data from the International Energy Agency shows. In general, the bigger the data centres, the bigger their energy need. On a monthly basis, small, medium and large-size data centres are estimated to consume as much as 36,000kWh, 2,000MW and 10MW, respectively, according to industry tracker Data Centre World. The global data centre market is expected to surpass $1 trillion by 2034, surging more than 160 per cent from a projected $386.7 billion in 2025, according to Precedence Research. 'Renewables play a very important component of having a balanced supply of energy in the grid,' Mr Thabet said.
Trade Arabia
3 days ago
- Business
- Trade Arabia
Taqa completes key phase of 9,000kWp Abu Dhabi solar project
Taqa Energy Services, a subsidiary of the Abu Dhabi National Energy Company (Taqa), announced today (May 28) the completion of the third phase of the 9000-kilowatt peak (kWp) solar photovoltaic (PV) project at United Arab Emirates University's (UAEU) campus. Announcing this, Taqa said the 14,400 advanced solar panels, strategically installed across 84,000 sq m area, will be able to generate 18.7 million kilowatt-hours (kWh) of renewable energy annually, supplying 30% of the university's electricity needs and curbing carbon dioxide emissions by over 8,000 tons each year. Taqa Energy Services CEO Khalid Mohamed Al Qubaisi said: "Our ongoing partnership with the UAEU for the country's largest solar project at an educational institution signifies a transformative journey towards sustainability and innovation." "This landmark solar power project epitomizes our dedication to bolstering our contribution towards the UAE's 2030 vision for a sustainable and energy-efficient future," he noted. Prof Ahmed Ali Alraeesi, Acting Vice Chancellor of the UAE University, said: "Collaborating with Taqa Energy Services on this pioneering solar initiative marks a significant step toward our sustainability goals. This project not only powers our campus with clean energy but also inspires our students to lead the charge toward a greener, more resilient future." This collaboration underscores the UAE University's role as a forerunner in integrating sustainable practices while demonstrating Taqa Energy Services' extensive project management capabilities, from initial site evaluation to installation and grid integration. The initiative's initial phase achieved a 27% reduction in energy consumption through retrofitting selected university buildings. The subsequent phase extended these efficiencies to additional facilities within the Al Ain Campus. Completing this third phase marks a significant milestone in Abu Dhabi's energy transition, driven by Taqa Energy Services' pursuit of innovation. Since its inception in January 2020, Taqa Energy Services has been at the forefront of transforming Abu Dhabi's power and water sectors.
Times of Oman
5 days ago
- Business
- Times of Oman
Dhofar Municipal Council reviews development, service projects
Salalah: The Dhofar Municipal Council, during its meeting on Monday, reviewed recommendations and proposals from the Ministry of Interior aimed at enhancing municipal councils' role in sustainable development. The discussions focused on strengthening coordination with relevant authorities and involving the council in prioritizing developmental projects. Chaired by HH Sayyid Marwan bin Turki Al Said, Governor of Dhofar and Chairman of the Municipal Council, the meeting commended the recent launch of Dhofar's comprehensive strategy, communication strategy, and promotional identity. These were developed in collaboration with government and private sector partners, as well as community stakeholders, to accelerate development through a shared and integrated vision. The council also hosted specialists from the Directorate General of Consumer Protection in Dhofar, who presented a visual overview of the directorate's key plans and initiatives for 2024 and 2025. Additionally, the meeting discussed outcomes from the council's main committee meetings, including proposals to establish recreational spaces in residential neighborhoods and a public park in the Wilayat of Taqa, alongside community initiatives to boost economic and social development. Members were briefed on the findings of a field visit by the Governorate Development Committee to the Wadi Dawkah Frankincense site, where they reviewed project updates and exchanged ideas on enhancing its economic viability. The council also reviewed responses from the Public Authority for Special Economic Zones and Free Zones, the Directorate General of Housing and Urban Planning, and the Ministry of Health regarding key issues affecting the governorate and the measures taken to address them.
Ya Biladi
22-05-2025
- Business
- Ya Biladi
Morocco plans major energy expansion ahead of 2030 World Cup
Energy Transition Minister Leila Benali announced Morocco's plan to more than double its electricity generation capacity from 12 to 27 gigawatts by 2030, when the kingdom will co-host the FIFA World Cup with Spain and Portugal. Speaking at a chemical industry forum in Rabat on Wednesday, Benali revealed that renewable sources will account for 80% of this expansion. According to Bloomberg, the ambitious project will cost 120 billion dirhams ($13 billion) through a combination of public and private investment. The expansion aims to boost water desalination capacity and attract foreign investment in green economy sectors, including carbon-free hydrogen and fertilizer production. Morocco targets contributing 4% of global green hydrogen production by 2030, while state-controlled OCP SA plans to produce 3 million tons of green ammonia by 2027. For the record, the government has signed agreements with UAE-based Taqa and Morocco's Nareva to increase electricity production and develop desalination plants.
Zawya
19-05-2025
- Business
- Zawya
Taqa Morocco shares suspended pending major announcement
The shares of Taqa Morocco, the country's largest private electricity producer, have been suspended from trading on Monday pending a major announcement, the Casablanca stock exchange said. The decision came at the request of bourse regulator AMMC. Taqa Morocco is the third-largest company by market cap on the stock market. (Reporting by Ahmed Eljechtimi, Editing by Louise Heavens)
