30-05-2025
TAQA Announces AED37B Investment for Data Hub Power
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Abu Dhabi National Energy Company (TAQA) has announced plans to invest over AED37 billion to support the power needs of Abu Dhabi's growing data and artificial intelligence hub.
The announcement was made by Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director, during the World Utilities Congress 2025. He revealed the investments align with TAQA's broader strategy to provide clean, certified, and reliable energy for critical infrastructure.
TAQA, with a market capitalisation of around AED360 billion, is among the top five companies in Europe, Africa, and the Middle East for electricity generation, transmission, and water desalination. The company operates in 25 countries.
Over the past four years, TAQA has doubled its electricity production capacity. It now generates 56 gigawatts—more than the total electricity consumed by the United Kingdom.
Key developments were also reported: TAQA acquired an 875-megawatt gas-powered station in Uzbekistan with Mubadala.
The move supports Uzbekistan's energy transition and opens access to Central Asian markets.
TAQA also acquired 'Transmission Investment', a UK-based platform focused on energy and utility infrastructure.
Further, the company is building a 1-gigawatt gas turbine power station to enhance its clean energy portfolio. In partnership with Masdar, in which TAQA holds a major stake, it is developing 5 gigawatts of solar energy backed by 19 gigawatt-hours of battery storage.
This integrated project aims to provide a steady 1-gigawatt energy supply for 24 hours. It is expected to become the world's largest solar-battery initiative of its kind.
TAQA has announced it will invest AED75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts. As part of this strategy, the company plans to develop water desalination plants with a combined daily capacity of 1.3 billion gallons. Two-thirds of this will use efficient reverse osmosis technology.
