Masdar
Company type | Subsidiary of State-owned enterprise |
---|---|
Industry | renewable energy, clean technology, Green hydrogen[1] |
Founded | 2006 |
Headquarters | , |
Key people |
|
Owner | Abu Dhabi National Energy Company[2] |
Website | http://www.masdar.ae/ |
Masdar (
History
In 2006, the UAE government established Abu Dhabi Future Energy Company PJSC (Masdar) to diversify the entire resources and boost the local economy.[3][4]
Sultan Al Jaber is the founder and served as the CEO of Masdar when it was founded in 2006.[5][6] In 2009, he oversaw Masdar’s efforts to secure the presence of the International Renewable Energy Agency (IRENA) headquarters at Masdar City, delivering the successful bid in South Korea.[7] In early 2016, Mohamed Jameel Al Ramahi was appointed as the chief executive officer of Masdar.[8]
In December 2022 it was announced that the
In March 2024, it was announced Masdar had acquired a 50% stake in San Diego, California-headquartered renewables company, Terra-Gen Power from its parent company, Energy Capital Partners for an undisclosed amount.[12]
Masdar garnered laurels[13] from Austria's ex-chancellor Sebastian Kurz who has been working for the company since 2022.[14][15][16] With Austrian Verbund it signed a joint study agreement about large scale green hydrogen production in Spain.[17]
COP28
During the
Projects
Dogger Bank Wind Farm
On 1 December 2023, it was agreed that Masdar would part of an £11 billion investment in the UK's Dogger Bank wind farm project.[21] The agreement was made at the COP28 summit that was held in the UAE.[21]
Masdar City
Masdar City is a sustainable urban development project located in Abu Dhabi that was launched by Masdar in 2008 and was designed to be a zero-carbon city by 2016.
Shams Solar Power
Shams 1 is a 100 MW concentrating solar power station which uses parabolic trough technology. It displaces 175,000 tons of CO2 per year and its power output is enough to power 20,000 homes. The station consists of 258,048 parabolic trough mirrors, 192 solar collector assembly loops with 8 solar collector assemblies per loop, 768 solar collector assembly units, and 27,648 absorber pipes. It covers an area of approximately 2.5 square kilometres (0.97 sq mi).[31][32]
References
- ^ "UAE's ADNOC, Taqa and Mubadala complete Masdar stake deal". www.cnbc.com. 26 April 2022. Retrieved 2023-05-18.
- ^ "UAE's ADNOC, Taqa and Mubadala complete Masdar stake deal". www.reuters.com. 8 December 2022. Retrieved 2023-04-24.
- ^ "Masdar Initiative Supports Clean Energy | UAE Embassy in Washington, DC". Masdar Initiative Supports Clean Energy | UAE Embassy in Washington, DC. Retrieved 2023-01-24.
- ^ "Mohamed bin Zayed Launches Abu Dhabi Powerhouse to Develop World-Leading Portfolio in Clean Energy". www.mediaoffice.abudhabi. Retrieved 2023-01-24.
- ^ "Abu Dhabi programme drives adoption of solar power". gulfnews.com. February 2007. Retrieved 2023-02-21.
- ^ "Masdar Initiative Supports Clean Energy | UAE Embassy in Washington, DC". Masdar Initiative Supports Clean Energy | UAE Embassy in Washington, DC. Retrieved 2023-02-21.
- ^ Staff Writer. "UAE submits bid for IRENA HQ".
- ^ Attwood, Ed (28 February 2016). "Abu Dhabi appoints new CEO for Masdar". Arabian Business.
- ^ "UAE's ADNOC, Taqa and Mubadala complete Masdar stake deal". Reuters. 8 December 2022.
- ^ "Mohamed bin Zayed Launches Abu Dhabi Powerhouse". Adnoc.
- ^ "Taqa, Adnoc, Mubadala complete transaction for stake in Masdar". www.gulftoday.ae.
- ^ Largue, Pamela (2024-03-20). "Masdar to acquire 50% stake in US-based Terra-Gen". Power Engineering International. Retrieved 2024-03-20.
- ^ Abdulkader, Binsal (2024-02-23). "AI's impact on jobs will defy predictions: Former Austrian PM Kurz". Emirates News Agency. Retrieved 2024-04-05.
- ^ "Geheimer Job?: Kurz arbeitet seit 2022 für Firma mit Sitz in Abu Dhabi". MeinBezirk.at (in German). 2024-04-05. Retrieved 2024-04-05.
- ^ "Bisher unbekannter Job: Sebastian Kurz ist Direktor eines Staatsunternehmens in Abu Dhabi". DER STANDARD (in Austrian German). Retrieved 2024-04-05.
- ^ Fanta, Alexander; Fayed, Salsabil; Pinster, Jesse (2024-04-05). "Former Austrian leader Sebastian Kurz revealed as "director" of UAE-controlled energy firm". Follow the Money - Platform for investigative journalism. Retrieved 2024-04-05.
- ^ "E-world energy & water 2024: Grüner Wasserstoff ist die Schlüsseltechnologie für die Energietransformation". OTS.at (in German). Retrieved 2024-04-05.
- ^ Kerr, Simeon; Mooney, Attracta; Temple-West, Patrick (2023-08-12). "UAE-owned company hires lobbyists to deflect climate talks criticism". Financial Times.
- ISSN 0190-8286.
- ^ "Cop28 president's team accused of Wikipedia 'greenwashing'". The Guardian. 30 May 2023.
- ^ a b "Sunak wraps up 11-hour Cop28 trip with new deal for UK wind farm". The Independent. 1 December 2023. Retrieved 1 December 2023.
- ^ "Work starts on Masdar city". Arabian Business. March 2008.
- ^ Corporate Spotlight usuaebusiness.org
- ^ a b tlemke (2015-07-30). "What We Can Learn From Masdar City". U.S. Chamber of Commerce Foundation. Retrieved 2021-06-30.
- ^ Name (2021-04-14). "Gulf states turn from oil to embrace the energy transition". Investment Monitor. Retrieved 2021-06-30.
- ^ Developing renewable energy projects pwc.com
- .
- ^ "World's first artificial intelligence university to open in Abu Dhabi". The National. 16 October 2019. Retrieved 2021-07-06.
- ^ Network, Viet Nam News/Asia News (2019-10-18). "Abu Dhabi unveils world's first Artificial Intelligence university". INQUIRER.net. Retrieved 2021-07-06.
- ^ "Abu Dhabi announces establishment of the Mohamed bin Zayed University of Artificial Intelligence". Csr Egypt. 2019-10-17. Retrieved 2021-07-06.
- ^ "Concentrating solar power in the United Arab Emirates: Shams 1 project secures financial close". SolarServer. 2011-03-07. Archived from the original on 2011-03-13. Retrieved 2011-01-12.
- ^ "Shams continues to contribute to UAE's clean energy transition". www.gulftoday.ae. Retrieved 2023-01-24.