Abu Dhabi's Masdar to double renewables capacity in five years - CEO | Reuters:
Abu Dhabi Future Energy Company (Masdar) plans to double its renewables energy capacity in five years with new projects in Asia and the Americas, its chief executive said on Monday.
Masdar, wholly-owned by Abu Dhabi’s Mubadala Investment Company, has till now invested $8.5 billion to build capacity of 4 gigawatts (GW) in renewables projects in the United Arab Emirates, Britain, Seychelles, Spain and the Middle East.
“We are a growing company, we will be doubling our capacity in the next five years or less. We are pursuing opportunities globally and will be entering new geographies in Asia and the Americas,” CEO Mohamed Jameel al Ramahi told Reuters.
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