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
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
5 December 2025
European Commission highlights rapid growth of Chinese production this year, as it retains strict procurement rules in latest European Hydrogen Bank subsidy auction
2 December 2025
Oil major cites deteriorating demand and a planning debacle as it abandons one of UK’s largest blue hydrogen projects
