Masdar's portfolio worth $5bn
Renewable energy organisation's global presence valued at around $5bn
The value of Masdar’s portfolio of renewable power generation projects has been revealed to be around $5 billion, according to the organisation’s director.
Frank Wouters told a media briefing in Abu Dhabi that Masdar’s three Spanish solar projects were worth approximately $1 billion, with a 20-megawatt plant due to start producing power this month, and two 50-megawatt plants will be inaugurated later this year.
The company also has stakes in the one-gigawatt London Array offshore windfarm, and a Seychelles-based six-megawatt wind project.