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UAE Energy Min. visits Masdar, stresses role of renewable energy, clean technologies in economic growth

WAM ABU DHABI: Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy , and senior officials visited Masdar, Abu Dhabi’s multi-faceted renewable energy company, to identify ways the country can reduce its energy demand, adopt renewables and protect its precious hydrocarbon resources.

The energy minister also underscored the important role Masdar – through its renewable energy and technology investments – is playing to support the UAE’s economic and social prosperity. The energy minister was accompanied by a high-level delegation that included Dr. Matar Al Niyadi, undersecretary at the energy ministry.

“With our demand for energy rising, it’s time to seriously consider an integrated, national energy policy to balance the sources of power we rely on,” the Energy Minister said.

“We must diversify the energy mix, which includes promoting renewable energy, nuclear and continuing to advance our hydrocarbon industry. This approach will help stabilize the global hydrocarbon market and enable us to meet our responsibility toward consumers.

“Masdar has demonstrated that large-scale renewable energy, such as Shams 1, can deliver immediate benefits, including the generation of clean, sustainable energy and the creation of specialized jobs that train our future energy leaders,” Minister Al Mazrouei added. “In a short period of time, Masdar has been central to the UAE’s global position as a responsible and true energy player with a portfolio that extends beyond hydrocarbons.” The energy minister was received by Dr. Sultan Al Jaber, CEO of Masdar, and provided with a comprehensive presentation of the company’s innovative approach to growing a new-energy industry in Abu Dhabi, which will ensure the UAE maintain its leadership as a global energy player. The briefing covered all aspects of the company’s unique business model, including research and development; clean technology investment; renewable energy development; and sustainable development. Masdar CEO and the Minister of Energy also discussed the important role the Ministry will play in accelerating the deployment of renewable energy through policies and regulatory frameworks.

Masdar is Abu Dhabi’s multi-faceted renewable energy company advancing the development, commercialisation and deployment of clean energy technologies and solutions. The company serves as a link between today’s fossil fuel economy and the energy economy of the future. Backed by the Mubadala Development Company, the strategic investment company of the government of Abu Dhabi, Masdar is dedicated to the Emirate’s long-term vision for the future of energy.

WAM/MMYS