|14 January, 2020

Masdar’s investments in over 30 countries total $14bln: Mohamed Al Ramahi

The company aims to launch renewable energy projects around the world

Image used for illustrative purpose Masdar City’s Eco-Villa concept uses around 72 percent less energy than similar units in Abu Dhabi. Image supplied by Masdar.

Image used for illustrative purpose Masdar City’s Eco-Villa concept uses around 72 percent less energy than similar units in Abu Dhabi. Image supplied by Masdar.

ABU DHABI: Mohamed Jameel Al Ramahi, CEO of Masdar, said that the company’s total investments in over 30 countries total $14 billion.

In a press statement made today on the sidelines of the World Future Energy Summit at Abu Dhabi Sustainability Week, Al Ramahi said that the company aims to increase its investment in Egypt and expand into the US market, the second-largest renewable energy market in the world after China, where the company aims to double its investment.

The company aims to launch renewable energy projects around the world, invest in the US and find opportunities for growth in that promising market, as well as enhance its presence in Europe and East Asia, he said in conclusion.

© Copyright Emirates News Agency (WAM) 2020.

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