INNOVATIVE

PIONEERING THE FUTURE OF SUSTAINABILITY Based in Abu Dhabi, Masdar is a pioneering international renewable energy and sustainability company, which is advancing commercially viable solutions in energy, water, urban development and clean technologies in the UAE and across the world. WHO WE ARE

WHO WE ARE OUR OWNERSHIP

Masdar is the regional leader and a major international player in Masdar operates in some of the world’s most exciting, Masdar is wholly owned by the Mubadala Investment Company, a pioneering global investor that deploys renewable energy and sustainable urban development. We are a cutting-edge industries, creating a vibrant corporate culture and capital with integrity and ingenuity to accelerate economic growth for the long-term benefit of Abu Dhabi UAE-headquartered company that has been advancing the partnership model that is constantly pushing the limits of and the UAE. development, commercialisation and deployment of cutting-edge science, engineering and design. solutions in the industry for more than a decade. A global leading strategic investment company, Mubadala is active in 13 sectors and more than 30 We are partners in the UAE’s transition to a knowledge-based countries around the world, creating lasting value for its shareholder, the Government of Abu Dhabi. We are developers of clean energy power projects; we are economy and are passionate champions of sustainable sustainable urban planners and developers; we are partners in development. We seek to be a model of sustainability for other In addition to investing in industries such as conventional energy, healthcare, and real estate, Mubadala high-impact innovation; and we are facilitators of world-class companies, just as we help the UAE to be a model of works to develop global industrial champions in sectors such as aerospace, ICT, semiconductors, metals industry and knowledge platforms that have accelerated the adoption sustainability for the wider Middle East. and mining, and renewable energy. Mubadala’s investment approach prioritises partnerships with of clean-tech solutions. best-in-class organisations and a commitment to the highest standards of governance.

4 5 WHAT WE DO London Array, one of the largest offshore wind farms in the world

London Array Offshore Wind Farm, United Kingdom

WHAT WE DO WHY ESTABLISH MASDAR?

Masdar brings technical expertise, innovation and experience to help Our work includes renewable energy power projects of all sizes; Masdar was founded by Abu Dhabi’s leadership as a powerful benefits that can be gained from clean energy and sustainable solve some of the most difficult challenges in renewable energy and sustainable urban development through Masdar City and its clean-tech mechanism to foster home-grown innovation and the development of development are very clear. The nation is, therefore, well sustainable urban development. We identify and develop cluster; collaborative sustainability innovation, research and cutting-edge technologies, as part of the UAE’s ongoing economic positioned to build on its international leadership in conventional commercially viable solutions that push forward the world’s ability to development projects; and knowledge platforms that bring together diversification agenda, while also serving the vital cause of climate energy in order to champion future energy solutions and systems. address key issues such as energy access, water scarcity, climate different audiences – from thought leaders and policymakers to SMEs, change mitigation. change, and the need for a more diverse energy mix. young professionals and high school students – in different Masdar’s work also supports the United Nations’ Sustainable collaborative forums to drive progress in these fields. Working in these future-focused industries helps drive the strategic Development Goals, which include sustainable access to energy Promoting the UAE’s economic development vision, we build local Abu Dhabi and UAE-wide ambitions – as outlined in UAE Vision 2021 and water for all, and other multilateral pacts, such as the 2015 talent and R&D capabilities, innovate new industry solutions and Cooperation and partnership are pillars of our execution model, and Abu Dhabi Vision 2030 – to diversify the scope of economic activity Paris Agreement. contribute to the country’s economic diversification. We help whether through strategic co-investments or joint research and and drive growth in high-value, knowledge-intensive sectors. solidify the UAE’s position as a hub for renewable energy and development projects with peer organisations based in the UAE, the clean-tech industries. wider Middle East or across the globe. Given the UAE’s familiarity with extreme climate environments and the energy intensity required to live in such conditions, the significant

6 7 ACHIEVEMENTS

Solar Impulse 2 returns to Abu Dhabi during its historic round the world flight, United Arab Emirates

ACHIEVEMENTS SO FAR

Masdar’s dramatic growth since its launch in 2006 has come during a world’s largest offshore wind farm and the world’s first CSP plant to base for the International Renewable Energy Agency (IRENA), which The Zayed Sustainability Prize, established in 2008 and formerly time of enormous transformation in the renewable energy and deliver grid power 24 hours a day. became the first intergovernmental organisation to be headquartered known as the Zayed Future Energy Prize, recognises companies, sustainability sectors. In its first decade, Masdar both contributed to in the Middle East. schools, non-profits and inspiring leaders around the world in this growth and evolved in response to the sector’s ongoing Perhaps the most tangible symbol of Masdar’s achievements is Masdar honour of the sustainability legacy of the UAE’s founding father, the development. City, the Middle East’s first sustainable urban development that is today In addition, Masdar has played a significant role in opening the eyes late Sheikh Zayed bin Sultan Al Nahyan. The direct and indirect home to one of the largest concentrations of energy-efficient buildings of people across the world to the enormous potential of renewable impact of the previous winners' solutions have, to date, benefitted Masdar developed what was then the region’s largest solar in the world. energy and clean technologies. The Masdar-backed Solar Impulse 2, over 318 million people worldwide. photovoltaic (PV) farm, as well as the region’s first and at the time the world’s first aeroplane to fly around the world without using a largest concentrated solar power (CSP) plant. Masdar City is anchored by Masdar Institute of Science and Technology drop of fuel, attracted international attention and excitement; while (now part of Khalifa University of Science and Technology), the region’s knowledge platforms such as Abu Dhabi Sustainability Week have Internationally, Masdar is part of different consortia and joint first graduate-level university focused on advanced energy and driven industry growth by bringing together governments and ventures that, among other accomplishments, have delivered the sustainable technologies. This vibrant free zone also provided the ideal business leaders to create partnerships and agree on actions.

8 9 GUIDING PRINCIPLES

VISION OUR VALUES GROUNDED To make Abu Dhabi the benchmark for knowledge and AGILE collaboration in the advancement of renewable energy, We believe that success in We believe that because our business clean technologies and sustainable development. COMMERCIAL today’s energy marketplace SUSTAINABLE is so forward-thinking – pioneering new concepts and technologies – that MISSION We believe that the best way to requires the ability to move We believe that sustainability our decision-making process must be increase the use of clean swiftly and in sync with is a key criterion that we must To help maintain the UAE's leadership in the global energy firmly rooted in reality. Everything we technologies is to demonstrate changes in technology. We use in making decisions. We sector, while supporting the diversification of its economy do is grounded in what is feasible, that they are commercially believe that we can make think about the degree to and energy sources for the benefit of future generations. given financial and technical viable – to prove that their decisions quickly and which the actions we take can constraints. This will result in better adaptation will not only benefit decisively and with an agility be repeated in the future technology, healthier returns and the health and sustainability of that keeps us at the forefront without any significant loss in greater uses. our planet, but will also return of the industry. quality, resources or efficacy. profits to shareholders.

10 11 CLEAN ENERGY

A COMPREHENSIVE APPROACH TO CLEAN TECH Masdar is active across the fields of renewable energy and sustainability, working with partners to address challenges on both sides of the energy and water supply / demand equation. Masdar Clean Energy focuses on supply-side challenges, while Masdar City’s work in sustainable urban development tackles the demand side. Supporting both sides of the equation are a number of knowledge platforms fostering crucial global dialogue and consensus building.

Shams 1 in Abu Dhabi is one of the largest renewable energy project in the Middle East Gemasolar Central Tower, Spain

From the world’s largest and first-of-a-kind renewable energy projects, to small-scale solar home systems, and Another landmark Masdar project is the Gemasolar CSP plant in Spain. Using sunlight to heat molten salts as a heat storage technology, the plant became from Europe and Africa to the Middle East, Asia and South Pacific, Masdar Clean Energy has been transforming the world’s first utility-scale facility to deliver electricity to the grid 24 hours a day. Also in Spain, Masdar partnered to develop the 100MW-combined Valle the status quo in communities and markets for more than a decade. The total value of projects in the Masdar 1 and 2 parabolic trough plants, which again incorporate molten salt storage technology. Clean Energy project portfolio is more than US$8.5 billion, with Masdar’s investment stake worth US$2.7 billion. Leveraging technologies in wind, solar PV and concentrated solar power (CSP), the total generating capacity of In the MENA region, pioneering projects include the 100MW Shams concentrated solar power (CSP) plant in Abu Dhabi, one of the largest CSP plants in these projects is almost 4GW. the world and the first of its kind in the Middle East and North Africa. The 117MW onshore Tafilah Wind Farm in Jordan was the first commercial utility-scale wind power project in the Middle East. Also under development in Jordan is the 200MW Baynouna Solar Energy Project, the country’s largest Some of the most significant projects include the 630MW London Array offshore wind farm – one of the world's solar power plant. largest wind farms in operation. It is providing clean energy to more than half a million UK homes from 175

turbines, displacing more than 925,000 million tonnes of CO2 emissions per year. Building on the London Array’s In the UAE, Masdar is leading a consortium to develop the 800MW Phase 3 of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai after setting a success, off England’s Norfolk coast, is the 402MW Dudgeon Offshore Wind Farm. The UK is also home to one of record-low bid price at the time for solar power generation of US cents 2.99 per kWh. Across all its projects, both large and small, Masdar Clean Energy Masdar’s “world firsts”: the 30MW Hywind offshore wind farm in Scotland represents the world’s first works to push the frontiers of technology, systems integration, performance and commercial viability. Most projects achieve enhanced outcomes and commercial-scale floating offshore wind farm. breakthrough results via Masdar Clean Energy partnerships with organisations in government, industry, academia and the non-profit sector.

The project is significant not only because this technology has lower costs and shorter construction timelines than conventional fixed pylon-based offshore wind farms, but also because its success will open up a vast number of new locations that can’t facilitate conventional wind farms because of the depth of the sea.

14 15 Hywind Scotland, the world's first commercial-scale floating offshore wind farm

Worldwide energy security cannot, however, be delivered solely via In Egypt, 62,000 homes, schools, mosques, health clinics and government utility-scale projects. Masdar Clean Energy’s Energy Services team buildings across more than 140 communities have benefitted from the delivers small, distributed and localised projects and installations in Energy Services team’s activities. This includes adding more than 30MW of

challenging and remote locations, often far off the grid. The team solar power that avoided CO2 emissions of 42,700 tonnes. brings the technology, project management and partnership expertise gained from Masdar Clean Energy’s large-scale projects to bring clean Projects across 11 islands in the Pacific region added more than 6MW of energy to rural locations. clean power and help these communities save 3.2 million tonnes of fuel every year. Benefitting hard-to-serve communities, these projects range from tiny Pacific Island micro-grids and rural solar home systems in Afghanistan Every project creates an outsized impact by transforming lives through the and Morocco, to onshore wind in the Republic of Seychelles and delivery of new electricity access. In addition, projects have a multiplier off-grid community solar PV projects in Egypt. Project sizes range from effect by contributing to local and national social and economic 1.7 kilowatt (kW) rooftop solar home projects to community solar PV development initiatives – such as providing technical training to local utility and wind generation facilities with capacities from 100kW to 10 engineers, improving water security, and unlocking educational and megawatts, although most are less than 1 megawatt. business opportunities through the provision of new sources of electricity.

7,000 Solar Home Systems, Egypt Samoa Cyclone-Proof Wind Farm, Pacific Islands

17 16 MASDAR CITY

WHERE SUSTAINABILITY IS A WAY OF LIFE

Masdar is working to realise a template – a “green print” – for sustainable urban communities through the design and development of Masdar City, a vibrant mixed-use technology cluster, free zone, and popular civic space that is home to a research-driven graduate university and a growing residential district.

As one of the world’s most sustainable urban communities, Masdar City is fostering an innovation ecosystem – a hub connecting education, research and development, business and investment. MASTER PLAN

With more energy-efficient buildings in a The city’s master plan integrates office, residential, educational, In addition, the city is powered in part by clean energy generated from single district than any other development in leisure and retail in a way that maximises walkability and facilitates an on-site 10MW solar power plant and a 1MW solar rooftop system. the region, Masdar City features both passive use of public transportation, including personal rapid transit and group With such a commitment to urban sustainability, Masdar City and active energy and water saving features rapid transit systems. Ultimately, up to 50,000 people will live in represents a unique living laboratory for industry and academia to that ensure all buildings are certified to at Masdar City, while up to 40,000 will work and study there. study how cities use, conserve and share resources and for product least 3 Pearls (equivalent to LEED Gold) developers to test in a real-world, city-scale setting. under the Estidama programme, Abu Dhabi’s The master plan’s orientation of the city and its high density design sustainable building, villa and community helps optimise shading and capture prevailing winds to produce The city also offers a range of investment opportunities to purchase or rating system designed for the specific needs naturally cooler outdoor public spaces, while also reducing indoor lease land plots to develop projects designed to enhance mixed-use of the UAE climate. In fact, Estidama was cooling requirements. community living. A non-exhaustive list of investment opportunities incubated in Masdar City. includes apartments, office buildings, schools, retail outlets, light Masdar City, United Arab Emirates Buildings are constructed using low-carbon cement, recycled industrial facilities, research and development initiatives, and hotels. aluminium and sustainably sourced wood, while energy-efficient buildings mean Masdar City consumes 40% less energy and water than other developments in the UAE of a comparable size. 20 21 The award-winning Etihad Eco Residence at Masdar City

ECO VILLA MAJOR TENANTS

Expanding its pioneering innovation in sustainable living, Masdar City The four-bedroom Eco-Villas feature optimised natural lighting, a Masdar City is home to major local and international tenants, including In May 2018, French multinational Saint-Gobain broke ground on its has designed and built its first low-carbon single-family home. The high-performance envelope, low-energy LED lighting and a range of the headquarters of the International Renewable Energy Agency first Multi Comfort House in the Middle East. Saint-Gobain will build Masdar City Eco-Villa offers two levels of sustainability: the standard other sustainability features. Crucially, its construction cost is similar (IRENA) and the 800-strong regional head office of Europe’s largest the 400-square-metre Multi Comfort House on a 2,200-square-metre Eco-Villa, which consumes around 75% less energy than conventional to that of a standard villa. manufacturing and electronics company, Siemens. site next to the Masdar City Eco-Villa. villas of comparable size in Abu Dhabi, and the Net Zero Energy Eco-Villa, which features solar PV to generate renewable energy and Energy management firm Schneider Electric also is a major tenant, as The new Etihad Eco Residences, which comprises 500 apartments in achieve a net-zero energy footprint. is aerospace company Lockheed Martin, which operates its Center for 11 buildings, was awarded Sustainable Design of the Year at the 2017 Innovation and Security Solutions (CISS), the first facility of its kind for Emirates Green Building Council (EGBC) MENA Green Awards, and the company outside the United States. Sustainable Construction Project of the Year at the Big Projects Middle East Awards 2017

22 23 FREE ZONE

Masdar City is a free zone, incorporating a rapidly growing community of over 600 companies. The city has become the These benefits, along with the extensive selection of restaurants, perfect place to start and operate a business, with a diverse mix of startups, SMEs and multinational companies cafés and retail outlets, combine to create a vibrant and convenient working side by side. location to conduct business.

Partners and tenants benefit from a range of comprehensive business support services, such as quick and efficient Abu Dhabi is an exciting, multicultural city and a truly international licensing and visa processing, incentives that include 100% company ownership, exemption from corporate and capital. Located at the crossroads of Asia, Africa and the Middle personal income taxes, unlimited repatriation of capital and profits, and cost-effective leasing opportunities. East, Abu Dhabi is the capital of the United Arab Emirates, a business-friendly country with a heritage of tolerance and openness The nearby Masdar Institute of Science and Technology, now part of Khalifa University of Science and Technology, also and a well-deserved reputation for welcoming citizens from more provides a unique opportunity for companies to partner on R&D projects and access the Institute’s rich pool of talent. than 200 countries.

24 25 INNOVATION

Shams 1 in Abu Dhabi is one of the largest renewable energy projects in the Middle East

CLEAN TECH INNOVATION

With its operations touching on some of the most exciting areas of membrane-based desalination technologies. This is a particularly engineering and scientific inquiry, Masdar thrives on innovation, taking difficult challenge because conventional seawater desalination is technologies, and the region, to new frontiers. Masdar was the first energy intensive. company in the Middle East and North Africa to build a utility-scale concentrated solar power plant, the first to develop a commercial-scale Further expanding the real-world testing environment, the Masdar carbon capture usage and storage (CCUS) project at a steel facility, with Solar Hub offers a state-of-the-art solar testing and R&D platform for the Abu Dhabi National Oil Company (ADNOC), and the first to develop a PV and solar thermal technology. This provides a valuable resource for commercial-scale wind farm in the GCC region. equipment manufacturers, system integrators and installers, project developers, utilities, investors and research organisations. Masdar also is leading the region’s first sustainable seawater desalination pilot project running five different technologies at one time. The Masdar City Free Zone itself supports innovation, creating a Working with Abengoa, Suez, Veolia, Trevi Systems and Mascara NT, the business-friendly industry cluster. Companies of all sizes can find projects look to achieve electric energy consumption of less than 3.6 inspiration throughout the city, while forging valuable partnerships with kilowatt-hours per cubic metre of produced water using like-minded organisations. Masdar Renewable Energy Water Desalination Pilot Plant, United Arab Emirates Masdar Solar Hub, United Arab Emirates 26 27 Abu Dhabi Sustainability Week 2019 Opening Ceremony

KNOWLEDGE PLATFORMS ABU DHABI SUSTAINABILITY WEEK ZAYED SUSTAINABILITY PRIZE

Masdar believes that the advancement of our industry Abu Dhabi Sustainability Week (ADSW) is the The Zayed Sustainability Prize (ZSP), formerly known as the fundamentally depends on cooperation, partnership and largest sustainability gathering in the Middle Zayed Future Energy Prize, is a tribute to the legacy of the late knowledge transfer, with a holistic and inclusive approach East, held annually each January. founding father of the UAE, Sheikh Zayed bin Sultan Al Nahyan across multiple stakeholder groups. – a visionary champion of global sustainability. The event is dedicated to furthering our With this in mind, Masdar has created a number of powerful understanding of the major social, economic ZAYED This annual award, announced at the ADSW Opening knowledge platforms for the global sustainability and environmental trends shaping the world’s SUSTAINABILITY Ceremony, celebrates achievements that are driving impact, community. These include Abu Dhabi Sustainability Week sustainable development, and to empowering PRIZE innovation and inspiration across five distinct categories: (ADSW); the Zayed Sustainability Prize; and initiatives such the global community to realise viable and Health, Food, Energy, Water and Global High Schools. as Women in Sustainability, Environment and Renewable effective strategies to mitigate climate change Energy (WiSER), and Youth 4 Sustainability. and address the energy and sustainability Over the past 11 years, 76 winners have impacted the lives of challenges of the future. over 318 million people

Off Grid Electric, Zayed Future Energy Prize 2016 winner

28 29 WiSER, a Masdar-led impact-focused platform dedicated to inspiring women

WFES is a global industry platform connecting business and innovation in energy, clean technology and efficiency for a As a platform that brings together wisdom and knowledge, Youth 4 Sustainability is a key component of sustainable future, attracting world leaders, international policymakers, industry experts, investors from the public and Abu Dhabi Sustainability Week, which aims to prepare youth to carry forward the sustainability agenda private sector and media. by ensuring that relevant and actionable information is passed down to our future leaders.

WFES is held during Abu Dhabi Sustainability Week, which is hosted by Masdar. A key element of the Youth 4 Sustainability Hub is the Climate Innovation Exchange, or CLIX, a unique marketplace connecting entrepreneurs and investors to enable partnerships that will power sustainable climate change solutions. CLIX is aligned with the Ministry of Climate Change and WiSER is a Masdar-led impact-focused platform dedicated to inspiring women and girls to play an active role in addressing Environment’s (MoCCE) strategy to enable the sourcing, funding and commercialisation of climate global sustainability challenges. The year-long initiative holds an annual forum during ADSW. change solutions and technologies.

The Women in Sustainability, Environment and Renewable Energy (WiSER) platform was officially launched on the sidelines of Another key feature of the Youth 4 Sustainability Hub is the Future Skills 2030: an engaging and the 70th United Nations General Assembly in September 2015. interactive mentorship opportunity for young professionals to network with industry experts, and gain key skills to pursue a future in sustainability.

30 31 THE FUTURE

LOOKING AHEAD For more than a decade, Masdar has been a pioneer in the fields of renewable energy and sustainable urban development.

As we help transform cities and communities locally, regionally and across the far corners of the globe, we are spreading awareness about the UAE’s commitment to embrace the future through innovation, economic diversification and a partnership approach that knows it can overcome any hurdle.

The future is as bright as we want to make it. Through Masdar, Abu Dhabi and the UAE are embracing the huge potential that renewable energy and sustainability offer economies to energise growth, foster advanced R&D, and find solutions to global challenges. In doing this, we are accelerating the development of a thriving business environment full of new opportunities.

To learn more about Masdar or to partner with us across our broad scope of operations, visit our website: www.masdar.ae

3311 PO Box 54115, Abu Dhabi, UAE T +971 02 653 3333, E [email protected] www.masdar.ae

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