TAQA looks to bet big on Adani’s power business with $2 billion investment
Abu Dhabi National Energy Co. (TAQA) is considering investments of $1.5-2.5bn in Gautam Adani's power businesses, including thermal generation, transmission, clean energy, and green hydrogen. At present, TAQA is looking to buy up to 19.9% of Adani Energy Solutions, originally Adani Transmission, for approximately $2.2bn at current prices. Whilst talks have taken place about investing in other Adani Group firms, Adani Energy Solutions reportedly has maximum synergy with TAQA for a strategic alliance.
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