TAQA Exits India Coal Asset to Boost Gas and Clean Power Expansion

TAQA is committed to reducing Scope 1 and Scope 2 emissions by 25% by 2030, prioritizing gas-fired generation and renewables through its stake in Masdar. CEO Farid Al Awlaqi highlighted the sale as part of the company’s plan to transition to cleaner, more sustainable energy sources and respond to evolving global energy demands.

Over the past year, TAQA has ramped up climate-forward project activity, adding 1 gigawatt of gas-fired capacity in the UAE and advancing Masdar’s integrated solar-plus-battery storage project — the largest of its kind capable of delivering baseload power. In Saudi Arabia, TAQA secured financing for cogeneration and combined-cycle gas projects totaling about 3.6 gigawatts, while in Morocco, it is exploring acquisitions and new projects focused on low-carbon gas, renewables, and water infrastructure.

TAQA’s gross capacity has surged from 21 gigawatts in 2020 to approximately 70 gigawatts as of September 2025, targeting 150 gigawatts by 2030, with two-thirds sourced from renewables via Masdar. The transaction with MEIL Energy further supports TAQA’s long-term goals to enhance energy security, expand in key markets, and invest in efficient, low-carbon technologies.

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