On 23 April, Abu Dhabi state renewable energy firm Masdar celebrated its 20-year anniversary. From its humble beginnings in 2006 as a small subsidiary of state investment vehicle Mubadala, it has grown into a leading global renewable energy firm with $19bn in assets and $1bn in annual revenue.
“Masdar’s rise over the past 20 years has been driven by the UAE’s ambition and foresight, anticipating the rise in clean power demand and looking to diversify its economy early,” said Masdar CEO Mohamed al-Ramahi. “Through partnership, innovation, and investment we have grown into a global business, driving the development and deployment of clean energy solutions worldwide.” (CONTINUED – 1288 WORDS)
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