ADNOC, Mubadala and Taqa take stakes in Masdar worth $1.9 billion
State-owned Abu Dhabi National Oil Company, Taqa and holding company Mubadala formalized the purchase of stakes in renewable energy company Masdar, as the UAE accelerates efforts to reach net-zero ambitions by the middle of the century. The new Masdar joint venture is valued at $1.9 billion on a 100% equity basis, the companies said in a statement. UAE energy company…