Renewables – new company
TAQA, Mubadala and ADNOC Group will become shareholders of Masdar (Abu Dhabi Future Energy Company) to create a global champion in renewables and green hydrogen.
TAQA will be taking a controlling stake in Masdar’s renewable energy business and also a shareholding in Masdar’s green hydrogen business.
The new venture will grow to over 50GW of renewable capacity by 2030 which will make us one of the largest global players in renewable power generation.
