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Masdar to invest $2bn in solar technology
- United Arab Emirates: Thursday, May 29 - 2008 at 07:15
Masdar, the wholly-owned initiative by the government of Abu Dhabi through Mubadala Development Company, will invest $2bn in thin-film photovoltaic solar technology, as part of its drive to become a world leader in alternative energy, according to a statement. The total investment is one of the largest ever made in solar, and will fund a three-phased manufacturing and expansion strategy to produce the latest generation of thin-film photovoltaic modules, the company said.
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Jeff Florian, Senior ReporterThursday, May 29 - 2008 at 07:15 UAE local time (GMT+4)
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