Latest news with #TAQA
Business Recorder
15-07-2025
- Business
- Business Recorder
Pakistan's Fast Cables joins UAE's energy giant vendor network
Fast Cables Limited has achieved a significant milestone by becoming the 'first cable manufacturer in Pakistan' to be certified as an approved vendor by the Abu Dhabi National Energy Company (TAQA), a major international energy company. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. 'Fast Cables Limited is pleased to announce that it has been certified as an approved vendor by the Abu Dhabi National Energy Company (TAQA),' read the notice. Solar momentum builds in Pakistan's industry as Fast Cables expands capacity to 3MW TAQA is a UAE-based diversified utilities and energy company, which is engaged in power and water generation, transmission and distribution, and sustainable water solutions assets. The company operates across the energy value chain from upstream and midstream oil and gas through to power generation. It operates in the UAE, Netherlands, United Kingdom, Ghana, India, Iraq, Morocco, North America, and Saudi Arabia, among others. TAQA 'delivers unparalleled energy infrastructure, cutting-edge technology, and world-class operational expertise to high-impact, strategic projects worldwide, empowering sustainable growth and energy security on a global scale,' said Fast Cables in its notice. As a certified vendor of TAQA, Fast Cables said that it is now uniquely positioned to provide cutting-edge, high-performance cable solutions across TAQA's extensive portfolio of regional and international energy projects. 'This enables Fast Cables to support essential industrial applications with unparalleled reliability, innovation, and quality-driving operational excellence and advancing the energy sector's most demanding infrastructure initiatives worldwide,' it said.
Time of India
10-07-2025
- Business
- Time of India
UAE's Masdar, Iberdrola invest in 1.4 gigawatt wind farm in the UK
Abu Dhabi 's state-owned renewable energy company Masdar and Spain's Iberdola will jointly invest in a 1.4 gigawatt (GW) wind farm in the United Kingdom, Masdar's parent company TAQA said in a statement on Thursday. The project is estimated to cost around 5.2 billion euros ($6.10 billion), and around 4.1 billion euros in project financing was signed with 24 international banks , the statement said. Under the agreement, Masdar and Iberdrola will each hold a 50% stake in the asset, East Anglia THREE , located off the eastern British coast and expected to start operations in the last quarter of 2026. Masdar has previously invested in renewable projects in the United Kingdom and is expanding into several countries in Europe, as well as in Asia and the United States, as parent TAQA seeks to boost its capacity to 150 gigawatts by 2030. The renewables company recently invested about $200 million to buy a 49.9% stake in a solar portfolio controlled by Spanish power utility Endesa, and last year acquired Greece's Terna Energy and Spain's Saeta Yield.
Khaleej Times
10-07-2025
- Business
- Khaleej Times
UAE's Masdar, Iberdrola invest in 1.4 gigawatt wind farm in the UK
Abu Dhabi's state-owned renewable energy company Masdar and Spain's Iberdola will jointly invest in a 1.4 gigawatt (GW) wind farm in the United Kingdom, Masdar's parent company TAQA said in a statement on Thursday. The project is estimated to cost around 5.2 billion euros ($6.10 billion), and around 4.1 billion euros in project financing was signed with 24 international banks, the statement said. Under the agreement, Masdar and Iberdrola will each hold a 50 per cent stake in the asset, East Anglia THREE, located off the eastern British coast and expected to start operations in the last quarter of 2026. Masdar has previously invested in renewable projects in the United Kingdom and is expanding into several countries in Europe, as well as in Asia and the United States, as parent TAQA seeks to boost its capacity to 150 gigawatts by 2030. The renewables company recently invested about $200 million to buy a 49.9 per cent stake in a solar portfolio controlled by Spanish power utility Endesa, and last year acquired Greece's Terna Energy and Spain's Saeta Yield.
Zawya
10-07-2025
- Business
- Zawya
UAE's Masdar, energy giant Iberdola to co-invest in $6.1bln UK wind farm
The Abu Dhabi Future Energy company Masdar and Spanish energy giant Iberdola to co-invest in the UK's 1.4 GW East Anglia Three wind farm, which is being built at an estimated cost of 5.2 billion euros ($6.1 billion). Masdar, in which the Abu Dhabi National Energy Company (TAQA) holds a 43% shareholding, will have a 50% stake in the asset, with Iberdola holding an equal share. East Anglia Three comprises an offshore windfarm approximately 69km from the Suffolk coast and an onshore cable route to transport energy. Project financing for East Anglia Three was signed for approximately €4.1 billion with 24 international banks, the two companies said. The greenfield project is scheduled to commence initial operations in Q4 2026. Masdar and Iberdrola have earlier partnered on the 476 MW Baltic Eagle Offshore wind farm in the German Baltic Sea. (Writing by Bindu Rai, editing by Seban Scaria)
Yahoo
10-07-2025
- Business
- Yahoo
UAE's Masdar, Iberdrola invest in 1.4 gigawatt wind farm in the UK
DUBAI (Reuters) -Abu Dhabi's state-owned renewable energy company Masdar and Spain's Iberdola will jointly invest in a 1.4 gigawatt (GW) wind farm in the United Kingdom, Masdar's parent company TAQA said in a statement on Thursday. The project is estimated to cost around 5.2 billion euros ($6.10 billion), and around 4.1 billion euros in project financing was signed with 24 international banks, the statement said. Under the agreement, Masdar and Iberdrola will each hold a 50% stake in the asset, East Anglia THREE, located off the eastern British coast and expected to start operations in the last quarter of 2026. Masdar has previously invested in renewable projects in the United Kingdom and is expanding into several countries in Europe, as well as in Asia and the United States, as parent TAQA seeks to boost its capacity to 150 gigawatts by 2030. The renewables company recently invested about $200 million to buy a 49.9% stake in a solar portfolio controlled by Spanish power utility Endesa, and last year acquired Greece's Terna Energy and Spain's Saeta Yield. ($1 = 3.6720 UAE dirham) ($1 = 0.8520 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
