Contractors Unlimited
Snapshot
The Masdar Initiative is Abu Dhabi's multi-faceted investment in the development and commercialisation of innovative technologies in renewable, alternative and sustainable energies as well as sustainable design. Masdar, a wholly owned company of the the Mubadala Development Company (Mubadala).
In January 2008, Abu Dhabi announced it will invest $15 billion in Masdar, the largest single government investment of its kind. Last year, Masdar entered into the London Array scheme through a joint venture agreement with E.ON, which currently owns half of the landmark project. DONG Energy owns the other half. Under the agreement, Masdar purchased 40 per cent of E.ON's half share of the London Array scheme, giving Masdar a 20% stake in the project overall.
Masdar, which works with a range of innovative renewable energy companies and utilities, is continuously searching for investment opportunities. The London Array investment is part of Masdar's global alternative energy strategy which includes solar, wind and other renewable technologies. In April 2009. Masdar made a significant investment into the Finnish wind-turbine manufacturer WinWinD Oy, adding to Masdar's growing portfolio of investments, partnerships and production capabilities in the renewable energy sector.
Search for more News
Last updated 12/05/09
