Abu Dhabi National Energy Company (TAQA), Emirates Water and Electricity Company (EWEC), and Masdar have announced a major collaboration to develop new energy infrastructure projects with a combined value of AED 36 billion — approximately USD 9.8 billion. The programme covers a range of generation and storage assets across Abu Dhabi and represents one of the largest single clean energy investment commitments announced in the emirate to date. The three entities together form the core of Abu Dhabi’s integrated energy ecosystem.
The announcement reflects the UAE’s accelerating pace of domestic clean energy investment as the country pursues its target of generating 44% of electricity from renewable and clean sources by 2050. Abu Dhabi has made consistent progress toward this goal through a series of large-scale independent power projects, with the Al Dhafra Solar PV plant — one of the world’s largest — already operational. The TAQA-EWEC-Masdar programme builds on this foundation with a new generation of projects spanning solar, storage, and enabling grid infrastructure.
For the UAE energy market, the scale of the commitment signals continued confidence in the economics of clean energy development in the Gulf. As the cost of solar generation has fallen to some of the lowest levels globally — driven by Abu Dhabi’s exceptional solar irradiance and competitive procurement processes — large capital deployments of this size become increasingly bankable. The programme also supports the UAE’s ambition to develop surplus clean power capacity that can underpin green hydrogen production for export.
The expansion of low-cost renewable electricity generation at grid scale creates favourable conditions for distributed clean energy at every scale — including off-grid hydrogen systems for farms, villas, and remote properties. As grid-scale renewable infrastructure matures, the technology, components, and expertise supporting smaller installations become more accessible and cost-effective across the region.
