Masdar City is actually a project organized by Abu Dhabi Future Energy Company (ADFEC). It was established in April 2006. Masdar is a talented company advancing the development, commercialization and use of renewable energy solutions and clean technologies. Masdar integrates the full renewable and clean technology lifecycle from research to commercial deployment with the aim of creating scalable clean energy solutions. Masdar works with global partners and institutions to integrate new research with proven technologies to produce efficient systems and processes that can be replicated globally.
Masdar builds on Abu Dhabi’s position as a leading global energy player, with an aim to develop renewable energy and low-carbon technologies at a global level, whilst contributing toward the UAE’s economic diversification through the development of knowledge based clean energy sector in the UAE. It seeks to be a leading renewable energy and clean technology player by providing a test bed for the world to develop commercially viable, sustainable energy solutions. It aims also to have a zero carbon, zero waste, and fossil fuel free. The Masdar Power comes through two mutual investment strategies; the unit also helps power supply companies to add more renewable energy to their generation combination and provides clean technology companies with expertise and capital growth.
In conclusion, Masdar will be the first city which uses only clean technology or clean renewable resources. This unit makes direct investments in individual utility scale projects in all areas of renewable energy and sustainability. For example, it focuses on the solar, wind, and hopefully on the future nuclear energy.
Www.masdarcity.ae. Web. 16 Nov. 2011. <http://www.masdarcity.ae/en/86/about-masdar/>.
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