October 22, 2014 6:09 PM ET

Commercial Services and Supplies

Company Overview of Masdar

Company Overview

Masdar, through its subsidiaries, focuses on developing, commercializing, and distributing renewable energy technologies. The company develops and distributes photovoltaic (PV) modules. Additionally, it operates an educational institution that offers masters level programs focusing on science and engineering disciplines. The company also owns and operates offshore wind farms and manufactures and supplies wind turbines. Masdar was founded in 2006 and is based in Abu Dhabi, United Arab Emirates.

Masdar City

Presidential Flight

Khalifa City A

Abu Dhabi,  

United Arab Emirates

Founded in 2006

Phone:

971 2 653 3333

Fax:

971 2 653 6002

Key Executives for Masdar

Chief Executive Officer
Compensation as of Fiscal Year 2014.

Masdar Key Developments

Masdar Plans to Collaborate with Etisalat

Masdar announced it is planning to collaborate with Etisalat in order to help it with integrating sustainable, energy solutions into its operations. A Memorandum of Understanding (MOU) was signed between the two companies, lasting for two year, will enable them to identify smarter, cleaner energy solutions that will deliver long term business benefits as well as provide a sustainability model for the global telecommunications industry. The MOU also outlines key areas of collaboration, including the identification and analysis of renewable energy solutions, the opportunity to audit telecommunications networks, advise on energy optimization projects and lead workshops about the value of sustainable practices.

Rural Area Electricity Co and Abu Dhabi Future Energy Co to Sign an Agreement to Build Sultanate's Wind Energy Power Project

Rural Area Electricity Co (Raeco) and Abu Dhabi Future Energy Co (Masdar) will sign an agreement on October 22 to build the sultanate's first wind energy power project which is estimated to cost USD 200 million. Located at Harweel and spread over 200,000 sq m the project will be implemented by Masdar. Local contractors and SMEs will play a big role in the project which is expected to be completed within 24 months and operational early in 2017. The project's daily production is estimated to be 1,200MWh. The project will later be linked to the 132kV transmission main network in Dhofar.

Masdar Joins Statoil and Statkraft in Mega Wind Project Off Britain

Masdar announced that it was joining a multi-billion dollar offshore wind farm project in Britain in partnership with Norwegian firms Statoil and Statkraft. The farm will produce clean power for about 410,000 homes in Britain. Construction is scheduled to start in 2016, with full operations expected to begin in late 2017. Statoil will also hold a 35% stake while Statkraft will own the remainder.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 23, 2014
Dudgeon Offshore Wind Limited
 

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