Abu Dhabi is simultaneously preparing for an increase in oil and gas demand in the coming years and for the global rise of renewable energy. News has emerged that the emirate is considering the sale of a $4 billion stake in one of the most successful Arab energy companies, TAQA, in order to fund the renewable energy drive of ADNOC. The $4 billion figure comes from the government’s plan to divest 10% of TAQA, also known as Abu Dhabi National Energy Company. News of the possible sale has already pushed TAQA’s market value to $43 billion.…
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