Taqa explores Romanian low-carbon electricity transmission project: The Abu Dhabi National Energy Company (Taqa) has signed an MoU with the Romanian Power Grid Company Transelectrica, Meridiam, E-INFRA, and Fluor to carry out a feasibility study for a HVDC infrastructure project in Romania, Wam reported on Friday. The proposed transmission project will boast an 850 km underground HVDC infrastructure with the ability to transfer 5 GW of power to Romania and the EU.

Not the region's first HVDC venture: Taqa invested GBP 25 mn in UK-based renewables developer Xlinks in April for a 3.8k km HVDC subsea interconnector to transport 3.6 GW of renewable energy from Morocco to the UK. Saudi Arabia’s Arabian Electrical Transmission Line Contracting (AETCON) also won a USD 155 mn contract to construct a high-voltage direct current (HVDC) transmission line connecting Saudi Arabia’s net zero city Neom to other areas in the country. Taqa and Adnoc also reached a financial close on a USD 3.8 HVDC subsea transmission network last year.