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May the United Arab Emirates, during the time of the late Sheikh Khalifa bin Saeed Al Nahyan, initiate a number of local, regional and global initiatives in the field of renewable energy and sustainability. Achieving a sustainable future for future generations within the framework of economic and social development goals and renaissance, Emirates’ comprehensive development in various fields and sectors.
Mohammed Jamil Al Ramahi, CEO of Abu Dhabi Future Energy Company (MASTAR), said that the late Sheikh Khalifa bin Saeed Al Nahyan, may God have mercy on him, contributed to promoting the comprehensive economic renaissance of the United Arab Emirates. May the souls of the late Sheikh Saeed bin Sultan Al Nahyan rest in peace.
He added: The late Elder was a visionary and especially a supporter of the renewable energy sector. During his tenure, Abu Dhabi Future Energy Company “Muster” became one of the world’s leading companies in clean energy and sustainability. Department, and he started in March 2013 “May God have mercy on him”, the Shams CSP plant located in the Al Dhafra area, which is the largest and first of its kind in the Middle East, and thanks to his vision, contributed to the design. Features of the renewable energy sector in the United Arab Emirates and the Middle East and North Africa.
During the time of the late Sheikh Khalifa bin Saeed Al Nahyan, May God have mercy on him. “COP28” succeeded in hosting the State Parties Conference of the United Nations Framework Convention on Climate Change.
Masdar was launched in 2006 with the aim of integrating the United Arab Emirates’ key role in the global energy sector, diversifying its economy and energy resources, as well as its role in sustainable urban development. Contributing to the dissemination of the latest sustainable technologies and raising awareness of sustainability.
Masdar is a life model and a key contributor to mitigating the effects of climate change and greenhouse gas emissions and is currently investing over $ 20 billion in sustainable projects, including successful marketing of new technologies. Achieving stability goals for the United Arab Emirates and the world.
Last year the company’s annual stability report showed an increase in the power generation capacity of all projects that Muster had invested in by 2021, both already or in growth, from 10.7 gigawatts to 20 gigawatts in 2021, and these projects helped to avoid joint ventures. About 7.5 million tons of dioxide, carbon last year, has increased by 40 percent since 2020.
After the exam, Masdar completed a number of quality projects in the field of solar or wind power, including the completion of the third phase of the 800-megawatt Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Enforcement Alliance in 2016.
Muster also opened the Gemsolar Enriched Solar Power Station in Spain in 2011, the world’s first solar power project, which incorporates heat-storage technology using molten salt in a solar-powered system in the central tower. , One of the most important strategic projects locally, regionally and internationally.
Masdar has launched three wind power projects in the United Kingdom, including the London Array, one of the largest coastal wind power plants in the world, and helps meet and reduce the electricity needs of more than half a million households. Emissions of 925,000 tons of carbon dioxide per year.
Masdar City, the only accredited and specialized research and development campus in Abu Dhabi and a leading innovation destination, has grown over the years and has continued to be a success through its founding process, and today is home to more than 1,000 licensed companies. Free zone of the city.
The city was able to achieve an occupancy rate of 99% for its commercial properties.
During the first operating year, the value of Masdar Green Real Estate Investment Fund’s portfolio projects grew by 3.3 percent.
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