Nov 05 2008 |
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Masdar and Britain sign partnership deal
Masdar and the British Government have decided to collaborate on the development of renewable energy and clean technology solutions.The two sides signed an agreement to enter into a partnership, leveraging each other's expertise, and influence to help accelerate adoption of technologies to make renewable energy scalable and affordable to the global community.
The agreement was inked during Prime Minister Gordon Brown's official visit to the UAE. The prime minister was briefed by Masdar CEO Dr Sultan Al Jaber, and was introduced to members of its executive team who highlighted Masdar 's multi-faceted initiatives. The cooperation agreement was signed by Ed Miliband, the UK's Secretary of State for Energy and Climate Change, and Dr Al Jaber at Emirates Palace.
Commenting on the partnership Brown said: "I applaud the vision and leadership which Masdar has shown in investing in the development and deployment of low carbon energy technologies. The UK looks forward to collaborating with Masdar through this agreement, bringing together the best of British and Abu Dhabi expertise for the benefit not only of our two peoples but for the world as a whole."
Miliband said as every country tackles the twin challenge of energy security and climate change, both oil producing and oil consuming nations need to diversify their energy economies.
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