TAQA is one of the largest listed integrated utility companies in Europe, the Middle East, and Africa. The group’s U.A.E. portfolio consists of 11 operational power generation and water desalination assets that supply more than 71% of Abu Dhabi’s power and 95% of its water. In June 2023, TAQA signed an agreement to acquire the Sustainable Water Solutions Holding Company (SWS Holding) for $462.9 million. In September 2023, TAQA and ADNOC completed the financial closing of their $2.2 billion strategic project to provide sustainable water supply for ADNOC’s onshore operations.