Abu Dhabi's state-owned green energy firm Masdar said on Sunday it would pursue a cautious investment policy this year because of the financial downturn, focussing on current projects.
Masdar, also known as Abu Dhabi Future Energy Co, said last year it plans to spend $15 billion in the first phase of an initiative including solar, wind and hydrogen power projects in the United Arab Emirates and abroad.
It is also building a carbon-neutral city in Abu Dhabi, which will include the largest solar power plant in the region with solar panels supplied by First Solar Inc (FSLR.O).
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