Abu Dhabi National Energy Company

In 2014 Carl Sheldon left the company and handed over his responsibilities to Edward LaFehr, who took on the newly created role of Chief Operating Officer. LaFehr was previously President of TAQA's North America business. In 2016, LaFehr left TAQA and was replaced by acting COO, Al Dhaheri.

In 2019, TAQA reported for Q1 a 95% decline profit because of foreign exchange losses and revaluation of its power assets in the US. In H1 2019 revenues by 5% compared to H1 2018.

In July 2020, TAQA and ADPower announced the successful completion of their merger. This created one of the largest utilities in the region. Its total assets are estimated at AED 200 billion, making Taqa the third largest listed company in the UAE and one of the top ten utilities in Europe, Middle East and Africa (EMEA).

In December 2021, TAQA and Abu Dhabi National Oil Company (ADNOC) announced a $3.6 billion project to aim to reduce the carbon footprint of ADNOC's offshore production operations by more than 30%.

TAQA was ranked 11th on Forbes Middle East's Top 100 Listed Companies 2025 list.

Oman

TAQA owns a 40% stake in the Sohar Aluminum smelter and the connected 1,000 MW Sohar Aluminum Power Plant (SAPP), whose output is mostly used to power the aluminum plant, that has a production of around 360,000 tons of aluminum per year. The stake was acquired in 2010.

Saudi Arabia

In Saudi Arabia, TAQA owns a 25% stake in the 250 MW Jubail power plant, which powers the SADAF Petrochemical Plant.

In addition to the Persian Gulf region, TAQA has assets in Europe, Asia and Africa and America, including investments in Canada, Netherlands, the UK and the USA. It has interests in the Tern Alpha, Eider Alpha, Cormorant North, Cormorant Alpha, Kestrel and Pelican fields and related sub-sea satellite fields in the North Sea.

Africa

Through the subsidiary Jorf Lasfar Energy Company (JLEC), TAQA supplies around 50% of Moroccos electricity demands and operation at the Jorf Lasfar power station was expanded from 1,356 to 2,056 MW capacity in 2014.

In Ghana, TAQA operates a 220 MW power plants in Takoradi, 220 km west of Accra. The plants capacity was increased to 330 MW with construction starting in 2013 and finishing in 2015. The plant now provides around 15% of Ghanas total generation capacity.

India

In India, TAQA operates a 250 MW lignite-powered plant in Neyveli, Tamil Nadu, and has interest in the 100 MW Sorang hydro power project in the northern Himachal Pradesh state. The plant is powered by the Sorang Khad river. The stakes were acquired by TAQA in 2014 for around $600 million from the Indian Jaypee Group.

Iraq

TAQA holds a majority share (53.2%) and is operator of the Atrush block located 85 km northwest of Erbil in the Kurdistan region of Iraq. Initial production is expected to be approximately 30,000 barrels of oil equivalent per day. TAQA acquired the interest for $600 million from an affiliate of Aspect Holdings in 2012.

North America

TAQA operates different assets in Canada and the United States. Operations on the continent are focused on conventional oil and gas exploration, and production and power generation. In the US, the company has invested in the Red Oak Power plant in Sayerville, New Jersey (85%) and the Lakefield wind farm in Jackson County, Minnesota.

In Canada, its investments lie within the oil and gas development of fields around Calgary and British Columbia, which began with the acquisition of Northrock Resources for $2 billion, Pioneer Natural Resources Canada (Pioneer Canada) for $540 million and the PrimeWest Energy Trust (PrimeWest) for C$4.6 billion in 2007.

Turkey

On January 3, 2013, TAQA signed an agreement with Turkey to invest about $12 billion to develop the coal fields in the Southern Turkey. This deal is considered as the second biggest Arab investment in Turkey in the energy sector. In August 2013, TAQA said it would delay the planned investment amid difficult financing conditions at a time of currency volatility in emerging markets including Turkey.

UK and Netherlands

TAQA started operations in Europe by acquiring different gas exploration and production (E&P) assets from BP Netherlands in 2007. Further investments followed in the UK and Scotland in subsequent years (2008-2011).

In August 2009, it bought a 15% interest in North Sea assets from the L11b Group and took over the operatorship of the L11b-A production platform.

On 3 August 2009, TAQA took over operatorship of the North Sea Brent Oil Pipelines System. In addition, in 2006 TAQA acquired BP Nederland Energie B.V. Through this acquisition, TAQA now holds onshore and off-shore production assets, including the Piek Gas Installatie facility in Alkmaar, the project of the largest offshore LNG Regas facilities utilizing the depleted field P15/P18 just off the port of Rotterdam, and partnership in the Bergermeer gas storage project. TAQA operates Gas Storage Bergermeer, which is Europes largest, open-access, gas storage facility with 46-terawatt-hours (TWh) of seasonal storage capacity. The facility is operated in cooperation with Gazprom.

In November 2012, BP sold its stakes in several U.K North Sea oil and gas fields (with a production capacity of 21,000 barrels per day (3,300 m3/d) equivalent) to TAQA for just over $1 billion.

TAQAs production in 2016 totaled 17,410 megawatt in power generation, 917 million gallons per day in water desalination and 137,300 barrels per day (21,830 m3/d) equivalent.