TAQA Group

In April 2023, TAQA launched its Green Finance Framework, which covers its green bond, sukuk, loan and other debt issuances. Funds raised from these issuances will be allocated to eligible green projects such as clean transportation and terrestrial and aquatic biodiversity. Also in April, TAQA invested $30.8 million with Xlinks First Limited to build what will be the world’s longest high-voltage direct current subsea cables, linking the U.K. and Morocco. Once completed, the connection will provide 3.6 GW of renewable energy-sourced electricity to the U.K., meeting nearly 8% of the country’s current electricity requirements. In May 2023, ADNOC and TAQA announced a $2.4 billion investment project to provide a sustainable water supply for ADNOC’s onshore operations.