TAQA Group

In April 2023, TAQA launched a new Green Finance Framework for the issuance of green bonds, sukuks, loans, and other debt instruments. Proceeds from these will finance eligible green projects, including clean transportation and terrestrial and aquatic biodiversity. Also in April, it invested $30.8 million with Xlinks First Limited to lay the world’s longest high-voltage direct current subsea cables between the U.K. and Morocco, which will provide the U.K. with 3.6 GW of renewable energy-sourced electricity—nearly 8% of its current 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.