After a slow start, renewable energy is gaining momentum in the Middle East. It is playing an increasingly prominent role in the region’s power mix. As the renewable energy arm of Abu Dhabi state investor Mubadala, Masdar is in the vanguard, pushing forward a number of pioneering projects both in the UAE and internationally.
Masdar was established in 2006 “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). It is now present in more than 30 countries and has projects totaling 5GW either installed or in development. A five-year target of 8GW was announced last year. (CONTINUED - 1127 WORDS)