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Abu Dhabi's Masdar to Invest $15 Billion on Green Energy by 2015
BANGALORE, INDIA--June 15, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Masdar (Abu Dhabi, United Arab Emirates), a state-controlled company, plans to invest about $15 billion on renewable energy through 2015. About $3 billion has already been invested, and $10 billion will be made available by 2015-16 for alternate and renewable energy programs. The initiative will include wind, solar and hydrogen-based power projects in Abu Dhabi, which will assist in reducing greenhouse gas emissions. Masdar, which specializes in green energy ventures, has been working to promote alternative fuel sources and reduce the dependence of fossil fuels.
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