TAQA spearheads energy transition in UAE with new projects
Deal News | Apr 03, 2025 | Zawya
Abu Dhabi National Energy Company (TAQA) and Emirates Water and Electricity Company (EWEC) have announced a series of ambitious energy infrastructure projects aimed at advancing the UAE's National Strategy for Artificial Intelligence 2031 and the country's Net Zero by 2050 initiative. Key to this groundbreaking collaboration is the 24-year Power Purchase Agreement (PPA) signed by TAQA to build, own, and operate a 1-gigawatt Al Dhafra Open-Cycle Gas Turbine project. This initiative will enhance grid infrastructure to support sustainable energy solutions using TAQA's advanced power generation and transmission capabilities. A strategic partnership with EWEC and Masdar will channel an estimated AED 36 billion investment into energy supply infrastructure, predominantly focusing on renewable and conventional power generation, with a quarter of the investment allocated to enhancing grid infrastructure. The joint venture represents a significant step for the UAE towards becoming a global leader in renewable energy and low-carbon innovation, with a comprehensive commitment to developing a sustainable and AI-enhanced energy framework.
Sectors
- Energy
- Artificial Intelligence
Geography
- United Arab Emirates – The energy projects and related initiatives are taking place in the UAE and are aimed at advancing national strategies.
Industry
- Energy – The article focuses on energy infrastructure projects and the transition towards renewable energy solutions.
- Artificial Intelligence – The projects aim to advance the UAE's National Strategy for Artificial Intelligence 2031, highlighting the intersection of energy and AI.
Financials
- AED 36 billion – The estimated investment value for the energy supply infrastructure projects in Abu Dhabi.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Abu Dhabi National Energy Company (TAQA) | Lead Developer & Operator | Company | TAQA is leading the development, operation, and maintenance of the new energy projects in collaboration with EWEC. |
| Emirates Water and Electricity Company (EWEC) | Partner | Company | EWEC is partnering with TAQA to implement energy projects in line with the UAE's national strategies. |
| Masdar | Project Partner | Company | Masdar is collaborating with EWEC and TAQA to drive investment in energy supply infrastructure and renewable technologies. |
| Jasim Thabet | Group CEO and Managing Director of TAQA | Person | He plays a central role in TAQA's leadership, emphasizing the importance of reliable low-carbon power. |
| Ahmed Ali Alshamsi | Chief Executive Officer of EWEC | Person | Alshamsi is involved in setting strategic directions for EWEC and its collaboration with TAQA. |