Abu Dhabi’s TAQA has agreed to acquire new global water assets—centered on Spain-based GS Inima—for approximately $1.2 billion, consolidating the company’s international platform across desalination and wastewater services. Strategically, the transaction supports TAQA’s plan to lift the share of reverse osmosis (RO) to roughly two-thirds of its desalination capacity by 2030, reflecting efficiency and sustainability gains versus thermal technologies. The acquired portfolio widens TAQA’s footprint across multiple regions and long-term concession markets, complementing domestic projects and reinforcing a pipeline of inflation-linked utility revenues.
For investors, the deal signals continued capital deployment into essential infrastructure with stable cash-flow profiles, and for governments, it underscores growing private-sector participation in water security solutions. Post-closing, priorities will likely include operating integration, selective development in high-growth geographies, and alignment with TAQA’s 2030 decarbonization and growth program. Stakeholders should watch for regulatory milestones and updated guidance on capacity mix, capex cadence, and returns.
