Abu Dhabi’s Taqa developing a green finance framework and plans to issue more bonds – The National

Abu Dhabi’s Taqa developing a green finance framework and plans to issue more bonds – The National

Abu Dhabi National Energy Company, better known as Taqa, is developing a green finance framework and plans to issue more green bonds this year if market conditions are right, the company’s chief executive has said.

“It's our intention to tap into the best available funding available in the market to increase returns for our shareholders and give us an edge for growth,” Jasim Thabet told The National in an interview on Thursday.

Last year, Taqa, together with Emirates Water and Electricity Company, raised $700.8 million through its first green bond.