Abu Dhabi National Energy Company (TAQA), Mubadala Investment Company, and Abu Dhabi National Oil Company (ADNOC) have taken stakes in Masdar with plans of progressing renewable energy and green hydrogen projects.
Under the deal, ADNOC takes a leading role in Masdar’s green hydrogen business with a 43% stake, Mubadala holds 33% and TAQA with 24%. For its renewable energy business, TAQA takes a leading role with a 43% shareholding, with Mubadala retaining 33%, and ADNOC holding 24%.
The new partnership sets out to develop Masdar into a global clean energy powerhouse that consolidates the renewable energy efforts of TAQA, Mubadala, and ADNOC under a single Masdar Brand. H2 View understands TAQA paid $1.02bn for its stake.
... to continue reading you must be subscribed
