UAE's Masdar invests $86mln in UK's green technology fund | ZAWYA MENA Edition:
Abu Dhabi Future Energy Company (Masdar) has invested £70 million ($86.48 million) in a new green technology fund in the UK.
The UK treasury has launched a £400 million fund, CIIF, to bolster Britain’s electric vehicle charging infrastructure, with the first £70 million provided by government and UAE renewables investor Masdar - allocated for 3000 charge points, Masdar said in a statement.
“This more than doubles the number across the UK to 5000. The fund is managed by London-based Zouk Capital,” the statement added.
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