Abu Dhabi’s Masdar Has $5 Billion in Solar, Wind Power Projects
This article is for subscribers only.
Masdar, Abu Dhabi’s state-owned renewable energy company, is working on a portfolio of renewable power generation projects worth about $5 billion, according to Frank Wouters, the director of Masdar Power.
In Spain, the company has three solar projects worth about $1 billion, Wouters said at a media briefing in Abu Dhabi today. A 20-megawatt plant will start producing power this month and two 50-megawatt facilities will start this year, he said. Masdar also has stakes in the 1-gigawatt London Array offshore windfarm and a 6-megawatt offshore wind project in the Seychelles.