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Abu Dhabi’s state owned renewables developer Masdar started out with solar developments at home. With high level political backing, it has extended its operations internationally, with both large and small projects.
Abu Dhabi Future Energy Company (Masdar) was established in 2006 as the renewables arm of state investment giant Mubadala. It has the highest political backing, having been formerly led by Adnoc CEO Sultan al-Jaber, while Mubadala itself is chaired by Crown Prince Muhammad bin Zayed, Abu Dhabi’s de facto ruler.
At its 2006 launch, Mr Jaber said Masdar’s objective was “for Abu Dhabi to lead the way in developing scalable, cost-efficient, clean energy solutions by using its energy expertise and financial resources on a global basis ( MEES, 20 November 2006 ).” Its early focus was Masdar City, which is located immediately to the west of Abu Dhabi international airport and which the Abu Dhabi government is promoting as a sustainable urban community mixing business and residential facilities. (CONTINUED - 976 WORDS)
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