Masdar Corporate Brochure Eng LR
Total Page:16
File Type:pdf, Size:1020Kb
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, 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 has operations in more than 50 countries We are partners in the UAE’s transition to a knowledge-based globally and manages assets of approximately US$229 billion, creating lasting value for its shareholder, Masdar's expertise lies in the development of clean energy projects, economy and are passionate champions of sustainable the Government of Abu Dhabi. sustainable urban planning and development, the commercialisation development. We seek to be a model of sustainability for other of high-impact innovations and facilitating world-class industry and companies, just as we help the UAE to be a model of In addition to investing in industries such as conventional energy, healthcare, and real estate, Mubadala knowledge platforms that accelerate the adoption of clean-tech sustainability for the wider Middle East. works to develop global industrial champions in sectors such as aerospace, ICT, semiconductors, metals solutions. and mining, and renewable energy. Mubadala’s investment approach prioritises partnerships with 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 climate action, 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, United Arab Emirates, during its historic round the world flight 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 (IRENA), which became the first intergovernmental organisation to be The Zayed Sustainability Prize, established in 2008 recognises time of enormous transformation in the renewable energy and deliver grid power 24 hours a day. headquartered in the Middle East. companies, schools, non-profits and inspiring leaders around the sustainability sectors. In its first decade, Masdar both contributed to world in honour of the sustainability legacy of the UAE’s founding this growth and evolved in response to the sector’s ongoing Perhaps the most tangible symbol of Masdar’s achievements is Masdar In addition, Masdar has played a significant role in opening the eyes father, the late Sheikh Zayed bin Sultan Al Nahyan. The direct and development. City, the Middle East’s first sustainable urban development that is today of people across the world to the enormous potential of renewable indirect impact of the previous winners' solutions have, to date, home to one of the largest concentrations of energy-efficient buildings energy and clean technologies. The Masdar-backed Solar Impulse 2, benefitted over 335 million people worldwide. Masdar developed what was then the region’s largest solar in the world. the world’s first aeroplane to fly around the world without using a photovoltaic (PV) farm, as well as the region’s first and at the time drop of fuel, attracted international attention and excitement; while largest concentrated solar power (CSP) plant. Masdar City is anchored by the Mohamed bin Zayed University for knowledge platforms such as Abu Dhabi Sustainability Week have Artifical Intelligence (MBZUAI), a graduate-level research institution driven industry growth by bringing together governments and Internationally, Masdar is part of different consortia and joint and the world’s first university for artificial intelligence (AI). This vibrant business leaders to create partnerships and agree on actions. ventures that, among other accomplishments, have delivered the free zone is also home to the International Renewable Energy Agency 8 9 GUIDING PRINCIPLES VISION OUR VALUES GROUNDED To make Abu Dhabi the world’s reference for knowledge AGILE and 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 advance the development and adoption of commercially firmly rooted in reality. Everything we technologies is to demonstrate changes in technology. We use in making decisions. We viable solutions in renewable energy and sustainable real do is grounded in what is feasible, that they are commercially believe that we can make think about the degree to estate to address the sustainability challenges of the UAE, given financial and technical viable – to prove that their decisions quickly and which the actions we take can the Middle East and international markets. 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 supply and demand equation. Masdar Clean Energy focuses on supply-side challenges, while its Energy Services department offers full turn-key supply and demand side energy management solutions to clients through energy performance contracting and operations and maintenance services. Shams 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 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 from North America, Europe and Africa to the Middle East, Asia and South Pacific, Masdar Clean Energy has been the world and the first of its kind in the Middle East and North Africa. The 117MW onshore Tafila Wind Farm in Jordan was the first commercial transforming the status quo in communities and markets for more than a decade. The total value of projects in the 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 Masdar Clean Energy project portfolio is more than US$13.5 billion, with Masdar’s investment stake worth US$4.3 solar power plant.