Abu Dhabi National Energy Company (TAQA) is set to significantly bolster Abu Dhabi’s growing status as a data and artificial intelligence hub, with its CEO and managing director announcing that total investments to support the power needs of the data center industry in the emirate will exceed AED37 billion ($10 billion).
This announcement aligns with TAQA’s broader strategy to provide clean, certified and reliable energy for critical infrastructure.
Group leads major expansions in key markets
Speaking to WAM on the sidelines of the World Utilities Congress 2025, Jasim Husain Thabet, TAQA’s group CEO and managing director, highlighted the company’s robust growth and strategic acquisitions. With a market capitalization estimated at approximately AED360 billion, TAQA stands among the top five companies in Europe, Africa and the Middle East for electricity generation, transmission and water desalination, operating across 25 countries.
Over the past four years, TAQA has doubled its electricity production capacity to 56 gigawatts, surpassing the total electricity consumption of the United Kingdom.
Recent strategic moves include the acquisition of an 875-megawatt gas-powered electricity station in Uzbekistan, in partnership with Mubadala, supporting Uzbekistan’s energy transition and opening new Central Asian markets. Additionally, TAQA acquired “Transmission Investment”, a leading U.K.-based energy and utility investment platform.
TAQA to invest AED75 billion to triple electricity generation
Further enhancing its clean energy portfolio, TAQA is currently constructing a 1-gigawatt gas turbine power station. In collaboration with Masdar, where TAQA holds a major stake, the company is also developing 5 gigawatts of solar energy backed by 19 gigawatt-hours of battery storage. This integrated solar and battery system, designed to deliver a continuous supply of 1 gigawatt for 24 hours, will be the largest project of its kind globally.
Thabet added that TAQA aims to invest AED75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts. As part of this growth strategy, the company also plans to develop water desalination plants with a combined capacity of 1.3 billion gallons per day, with two-thirds utilizing highly efficient reverse osmosis technology.
In Q1 2025, the group delivered a 3.8 percent year-on-year revenue growth, reaching AED14.2 billion, primarily driven by higher pass-through items in Transmission and Distribution (T&D).
