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Masdar Corporate Brochure Eng LR 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.
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