UAE's Biggest Renewable Energy Firm Looks to Deals for Growth.

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    • Subject Terms:
      MIDDLE East; UNITED Arab Emirates
    • Abstract:
      Keywords: 1448162DUH; BP/@LN; TAQA@UH; ALLTOP; ALTNRG; BON; BUSINESS; CMD; COS; FRX; INDUSTRIES; MARKETS; MIDEAST; NRG; NRGTOP; OIL; STK; WORLD EN 1448162DUH BP/@LN TAQA@UH ALLTOP ALTNRG BON BUSINESS CMD COS FRX INDUSTRIES MARKETS MIDEAST NRG NRGTOP OIL STK WORLD The United Arab Emirates' biggest renewable-energy company will make acquisitions and sell bonds as part of a plan to more than double its operations this decade and help the country achieve a net-zero target. "We have very significant growth ambitions", Masdar's Chief Financial Officer Niall Hannigan said in an interview in Abu Dhabi, the UAE's capital. As part of the transaction, Adnoc and Taqa will buy stakes in Masdar from sovereign fund Mubadala Investment Co. Masdar wants to generate 50 gigawatts of clean power by 2030, which is the same ambition as BP Plc. [Extracted from the article]
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