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ADFECAbu Dhabi Future Energy Company
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The Abu Dhabi Future Energy Company, or Masdar, a subsidiary of Abu Dhabi-owned Mubadala Development Corporation, launched the clean energy project by setting aside $15 billion to invest in sustainable technology, a substantial amount of which has already been invested in investment funds and projects and over a dozen acquisitions made around the globe.
UAE national carrier Etihad Airways has signed a service agreement with Masdar, the Abu Dhabi Future Energy Company, to purchase carbon credits for the airline's voluntary offset program.
Abu Dhabi Future Energy Company, or Masdar, a renewable energy unit of government-owned Mubadala, has launched the Shams 1 project in partnership with FranceAEs Total and SpainAEs Abengoa.
The Abu Dhabi Future Energy Company (Masdar) is looking to drill 5,000-metre-deep wells to access hot water for power generators at its zero-carbon city, said a top project official.
Mohammad Al Bowardi, Secretary General of the Executive Council of Abu Dhabi Emirate and Managing Director of Environment Agency -- Abu Dhabi (EAD) said: "Abu Dhabi Future Energy Company -- Masdar -- has invested in the financial and human resources necessary to achieve its goals and to face the challenge of providing renewable energy sources at a cost that can be available to developing countries."
The Abu Dhabi Future Energy Company, Masdar has signed up as the exclusive sponsor of CNN International's newest monthly environmental series, 'Earth's Frontiers', which launched on February 25.
Masdar is driven by the Abu Dhabi Future Energy Company, and is wholly owned by the Mubadala Development Company.
"The project in Abu Dhabi that aims to trap 5 million metric tons of carbon emissions annually from four facilities will start between 2012 and 2014," said Sam Nader, Director of Carbon Management Unit of Masdar, Abu Dhabi Future Energy Company.
The summit, presented by Masdar (Abu Dhabi Future Energy Company), provides the platform for industry leaders such as Siemens to showcase technological innovations, that responsibly address sustaining the world's ever increasing energy needs.
The project is being implemented by Abu Dhabi Future Energy Company (Masdar) through an engineering, procurement and construction (EPC) consortium of GE Renewable
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