TAQA Unveils 2030 Strategy to Spur Growth and Reduce Oil & Gas Exposure

The video discusses a company's strategic shift towards becoming a low-carbon power and water leader in the UAE and the region. It highlights recent transactions, credit rating improvements, and increased foreign ownership. The focus is on power and water, with less emphasis on oil and gas. The company plans to expand its renewable energy capacity and has a strong dividend policy. Financing strategies include bond issues, and regional expansion is prioritized in the GCC and MENA regions, particularly in Saudi Arabia and Morocco.

What was one of the key outcomes of the major transaction with 80 power?

• An uplift in credit rating

• An increase in power capacity to 50 gigawatts

• A downgrade in credit rating

• A decrease in foreign ownership

What is the primary focus of TAQA's strategy moving forward?

• Oil and gas

• Power and water

• Real estate

• Telecommunications

What is the expected annual increase in dividends over the next three years?

• 5%

• 10%

• 15%

• 20%

Where is TAQA constructing the world's largest solar PV project?

• Abu Dhabi

• Cairo

• Riyadh

• Dubai

What is the size of the bond issue TAQA is considering for refinancing?

• 2 billion

• 1 billion

• 2.5 billion

• 1.5 billion

In which region does TAQA plan to focus its expansion efforts?

• Europe

• Asia-Pacific

• GCC and MENA

• North America

Which renewable energy sources is TAQA focusing on in Morocco?

• Nuclear and coal

• Wind and solar

• Hydropower and geothermal

• Biomass and tidal