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17 Years Of Innovation & Excellence With Masdar | |
| Sumita Pawar |
Masdar, the Abu Dhabi Future Energy Company, is celebrating its 17th anniversary this month.
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The company was founded in 2006 to support the UAE's efforts in energy, diversify its economy and sources of energy, and drive sustainable development and climate action.
Today, Masdar operates in over 40 countries on six continents and invests or has pledged to invest over $30 billion in international projects, with a production capacity of over 20 GW.
The company aims to reach a production capacity of 100 GW of renewable energy by 2030. Masdar has also recently launched several solar and wind power plants and signed agreements to develop future projects in many countries. In addition, Masdar is drafting advanced programmes that support the establishment of a green hydrogen economy, which will become one of the cornerstones of the energy transition and a future energy source supporting global carbon reduction efforts. Since its establishment, Masdar has aimed to raise awareness about major challenges related to sustainability, clean energy, and climate change.
The company has maintained its significant efforts in this area by launching a range of initiatives and sustainability platforms, most notably Abu Dhabi Sustainability Week (ADSW), held annually in the UAE capital, which is a key international event that aims to increase the commitment to adopting clean energy and technologies.