| Industries - Introduction |
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The Industries Unit invests globally and locally to establish a portfolio of production assets cementing Masdar’s position as a leader in renewable clean energy.
These investments provide Masdar access to technology and strategic markets in key segments of the renewable energy value chain. The unit’s current flagship investment is Masdar PV, created in April 2008 with the goal of becoming a top-3 global thin-film photovoltaic (PV) company. As the first facility in the region to apply advanced semiconductor nano-manufacturing technologies, it will significantly enhance Abu Dhabi’s profile as a technology leader. A $600 million phase-one investment will fund the construction of plants in Germany and Abu Dhabi with a combined annual output of 210 megawatts. Further expansions are planned to allow the company to achieve 1 gigawatts of annual output. Masdar PV is an anchor client in the unit’s Solar Manufacturing High-Tech Cluster in Abu Dhabi. When completed, the cluster will be one of the most advanced production centers for renewable energy technologies. Spanning four square kilometers, it will house production facilities for three main PV technologies: crystalline-based PV; thin-film PV (including Masdar PV); and concentrated PV (CPV); as well as a supporting supplier base. The unit is actively developing investments in other renewable and clean technologies, such as energy storage, efficiency, lighting, and wind. The unit’s projects will generate significant economic benefit by stimulating further investment and diversification opportunities for the Abu Dhabi economy and by developing exports of cutting-edge technology. By strategically combining local production with international partnerships and acquisitions, the Industries Unit aims to ensure Abu Dhabi’s continued leadership in this new era of energy. (Source: www.masdar.ae) |
