TAQA blue bond continues to strengthen sustainable financing efforts after Abu Dhabi National Energy Company raised $750 million for water projects. The new funding will support long-term investments in water security, wastewater management, and climate resilience across its operations.
The company announced that the five-year bond represents a major milestone for both regional and global sustainable finance. It also marks the first blue bond issued by a government-related entity in the Gulf Cooperation Council.
TAQA said the bond stands as the largest blue bond ever issued across Europe, the Middle East, and Africa. Additionally, it ranks as the biggest blue bond launched by an integrated power and water utility worldwide.
The privately placed bond carries a fixed coupon rate of 5.125 percent. Furthermore, the notes are listed on the International Securities Market of the London Stock Exchange. Standard Chartered served as the sole placement agent for the transaction.
The offering received strong interest from international investors. Moreover, the bond earned an Aa3 credit rating from Moody’s and an AA rating from Fitch. These ratings match TAQA’s existing corporate credit profile and reflect investor confidence in the company’s financial position.
TAQA confirmed that it will use the proceeds to finance or refinance eligible projects under its Green and Blue Finance Framework. These projects focus on sustainable water systems and wastewater management initiatives.
Earlier this year, the company expanded the framework to include blue financing instruments. It also added support for green electricity grids and climate adaptation investments. Moody’s awarded the framework a sustainability quality score of SQS2, which indicates a very good standard.
TAQA blue bond reflects the company’s growing commitment to addressing global water challenges. Company executives said water scarcity remains one of the world’s most urgent environmental issues. They also noted that many regions still require significant investment to strengthen water infrastructure.
The company operates across the entire water value chain. Therefore, it continues investing in desalination facilities, water transmission networks, distribution systems, wastewater treatment plants, and water reuse technologies.
TAQA explained that these investments support Abu Dhabi’s long-term water strategy and climate adaptation goals. The company believes stronger infrastructure will improve water security while supporting economic growth and environmental sustainability.
Executives also pointed to the strong investor response as evidence of confidence in TAQA’s long-term business strategy. They added that the successful issuance highlights growing demand for sustainable investment opportunities within global financial markets.
The latest fundraising increases TAQA’s total green and blue bond issuances to $2.6 billion since introducing its Green Finance Framework in 2023. As a result, the company continues expanding its sustainable financing portfolio.
During 2025, TAQA significantly increased infrastructure investment across its business. Capital expenditure rose by 48 percent and reached Dh14.5 billion. Those investments supported major electricity, water, and transmission projects in the UAE and international markets.
The company also advanced renewable energy developments, battery storage facilities, and modern desalination plants. These projects aim to strengthen reliable energy and water supplies while supporting lower carbon emissions.
Since launching its 2030 sustainable growth strategy in 2021, TAQA has invested nearly $10 billion in energy transition projects through the end of 2025. Those investments continue supporting cleaner energy production and more resilient utility infrastructure.
Looking ahead, the company plans to maintain investment in sustainable water systems, renewable electricity, and resilient infrastructure. Rising demand for reliable water and power services continues driving these long-term expansion plans.
TAQA said it remains focused on delivering secure utility services while supporting environmental goals through sustainable financing and responsible infrastructure development.
