According to the CEO, Masdar has the “right capital and fuel” to promote renewable energy
January 16, 2023
Abu Dhabi’s clean energy company Masdar has the ‘right capital and fuel’ to accelerate the development of renewable projects, according to its chief executive. “We are sponsored by three very important [and] strong shareholders, [it] started with Mubadala 16 years ago, and recently, we welcomed Adnoc and Taqa to our company,” Mohamed Al Ramahi told Abu Dhabi Sustainability Week on Monday. “It means that we have also the right capital and fuel, to be clear, green fuel, to accelerate the deployment of renewable energy.” Last month, the Abu Dhabi National Energy Company, better known as Taqa, Mubadala Investment Company and Adnoc completed a deal to become shareholders in Masdar. The move is expected to help Masdar grow rapidly on a global scale under an expanded mandate that covers renewable power, green hydrogen and other clean energy technology.
Read the original article in The National: Masdar has the ‘right capital and fuel’ to boost renewables, CEO says