Masdar City will continue to remain under Mubadala’s ownership
UAE firms take stakes in Masdar renewables reboot
Taqa, Adnoc and Mubadala acquire interests as state investment firm sets ambitious new renewable and green hydrogen targets
UAE utility Taqa, Abu Dhabi state oil company Adnoc and UAE state investment company Mubadala have taken significant shares in UAE state-owned clean energy firm Masdar. Taqa has acquired the largest stake (43pc) in Masdar’s renewables business, with Mubadala holding 33pc and Adnoc 24pc, while Adnoc has taken the largest stake (43pc) in Masdar’s green hydrogen business, with Mubadala holding 33pc and Taqa 24pc. “Global cooperation is vital to achieving the critical scale in clean energy sources” Mubara, Mubadala The partnership wants to consolidate the renewable energy and green hydrogen efforts of all four companies under a rebooted single Masdar brand. The new Masdar has set a targe
Also in this section
18 June 2025
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
18 June 2025
UK risks losing out on in race to secure hydrogen imports as its refusal to back ammonia cracking sinks $2.7b Immingham project
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen
