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Abu Dhabi National Energy Company (TAQA) and Abu Dhabi National Oil Company (ADNOC) have entered into binding agreements to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala, valuing the new Masdar joint ventures at approximately AED 7 billion (US$1.9 billion).
“The partnership sets out to create a global clean energy powerhouse that consolidates the renewable energy and green hydrogen efforts of TAQA, Mubadala and ADNOC under the Masdar brand.”legalcommunitymena.com
Summarized from public sources; check the original articles before acting on it.