Abu Dhabi is pushing hard for an early-mover advantage in the energy transition as it sets out its stall as a supplier of clean energy. The latest move aims to transform state renewables firm Masdar into an industry leading force, with Adnoc and state-led utility Taqa taking stakes in the Mubadala subsidiary. The plan is to create an “Abu Dhabi powerhouse,” with a “world-leading portfolio in clean energy.”
The emirate has long been honing its clean energy expertise through Masdar, both domestically and overseas. Now, Adnoc and Taqa are joining Mubadala under the Masdar brand. According to a joint press release “the partnership between three Abu Dhabi champions will have a combined current, committed, and exclusive capacity of over 23GW of renewable energy, with the expectation of reaching well over 50GW total capacity by 2030.” (CONTINUED - 774 WORDS)
