Masdar
Masdar initiative was launched in 2006 as a wholly owned subsidiary of Mubadala Development Company which belongs to the Government of Abu Dhabi.
Guided by Abu Dhabi Economic Vision 2030 (PDF), Masdar aims to become a developer of clean technology and future energy solutions in terms of design, innovation research laboratory and implementation.
Masdar operates through four interconnected business units and a research division that complements their work. The business units are:
- Masdar Special Projects
- Masdar City
- Masdar Institute
Masdar has two global ventures: the Masdar Clean Tech Fund and DB Masdar Clean Tech Fund. The funds are focused on building portfolios in some of the world's most promising and pioneering companies in clean technology and renewable energy.
With a focus on mature technologies in solar and wind power, Masdar clean energy has invested over USD 1.7 billion of equity across projects with a total value over USD 6.4 billion.
Masdar Special Projects focuses on small and medium-sized applications in often challenging conditions and geographies. It has delivered 14 projects in 5 countries and has 13 ongoing projects across 9 different countries.
Updated On :
29 Oct 2024
