Abu Dhabi’s Masdar Seeks Buyers for Stake in Rooftop Solar Firm

Solar panels on the roof of the Masdar Institute of Science and Technology in Abu Dhab.Photographer: Duncan Chard

Abu Dhabi’s biggest renewables company is in talks to sell its 50% stake in rooftop solar firm Emerge Energy, as it looks to focus its resources on bigger projects.

Masdar is in the market to look for a potential buyer and several companies are engaged in talks with the firm’s advisers and deals team, Chief Executive Office Mohamed Jameel Al Ramahi said in an interview. He didn’t disclose a valuation for Emerge.