July 23, 2016 4:08 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Masdar

Company Overview

Masdar invests in and develops renewable energy and sustainable technology projects in the United Arab Emirates and internationally. The company provides renewable energy development services, including consulting, sustainable urban development, clean technology investment, research and development, and sustainable procurement and supply chain consulting. It also operates a graduate-level university that focuses on advanced energy and sustainable technologies; and a private equity/venture capital firm that has late-stage venture/growth equity investment vehicles. The company was founded in 2006 and is based in Abu Dhabi, United Arab Emirates.

Masdar City

Presidential Flight

Khalifa City A

P.O. Box 54115

Abu Dhabi,  

United Arab Emirates

Founded in 2006

Phone:

971 2 653 3333

Fax:

971 2 653 6002

Key Executives for Masdar

Chief Executive Officer
Chief Financial Officer
Compensation as of Fiscal Year 2016.

Masdar Key Developments

Masdar and BYD Company Enters into a Long-Term Alliance Involving a Number of Renewable Energy Initiatives

Masdar and BYD Co Ltd. have entered into a long-term alliance involving a number of renewable energy initiatives. At first, the preferred partnership agreement between the two companies will aim to promote the commercialisation of clean transport and battery storage systems. Afterwards, its scope may also include photovoltaic (PV) panels for both utility-scale and rooftop projects, as well as light-emitting diode (LED) and solar-powered street lighting. Via this collaboration, Masdar will try to take advantage of BYD's green energy know-how in order to pursue growth opportunities particularly in the Middle East and North Africa, according to CEO Mohamed Al Ramahi. The move aligns with the Abu Dhabi city project's strategy to interconnect its research and development (R&D), education, business and investment and will serve as a platform to showcase BYD's technology. The agreement will also provide access to ongoing research at the Masdar Institute of Science and Technology and many other demonstration schemes across the city, such as the Personal Rapid Transit (PRT) driverless vehicles programme and the Electric Energy Storage Solutions Hub.

Masdar Appoints Mohammed Jameel Al Ramahi as Chief Executive

Mohammed Jameel Al Ramahi has been appointed as Chief Executive of Masdar. Al Ramahi replaces Ahmad Belhoul, who was appointed Minister of State for Higher Education in the recent UAE government reshuffle. The new CEO joined Masdar in 2008 as head of internal audit compliance, before being promoted to chief financial officer and then chief operating officer.

Masdar and Bee'ah Partner on Waste to Energy Initiatives in Region

Masdar has signed a strategic partnership agreement with Bee'ah to develop the UAE's waste to energy sector. Masdar and Bee'ah are joining forces to co-develop Waste to Energy initiatives in Sharjah the UAE and the region. This partnership will help contribute to the UAE Government's Vision 2021 which targets among other goals diverting waste from landfills by 75% by 2021.

Similar Private Companies By Industry

Company Name Region
Alcazar Energy Middle East/Africa
Burj Power Corporation Middle East/Africa
Enviromena Power Systems LLC Middle East/Africa
Masdar Middle East/Africa
Mirrasol Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 4, 2016
100 MW Solar Thermal Power Plant Shams-1
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Masdar, please visit www.masdar.ae. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.