Corporate
Announcements prior to September 2017, including this announcement, occurred under previous ownership.
30 April 2013
The MoU will be signed on the occasion of a state visit to the UK by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, at an event hosted by HRH Prince Andrew, the Duke of York, at Buckingham Palace.
Under the MoU, the two parties will consider opportunities to jointly invest in green infrastructure projects in the UK over the next seven years.
Together, they will introduce potential investment opportunities to one another and other potential investors. There is no change to the governance of both parties as joint investments will be made and managed independently.
Masdar has already independently invested over £500 million through its equity stake in the UK's London Array, the world's largest offshore wind farm. This new alliance will unlock the potential for further investment.
Greg Barker
UK Energy and Climate Change Minister
The MoU will be signed by Masdar CEO Dr. Sultan Ahmed Al Jaber and GIB CEO Shaun Kingsbury.
Shaun Kingsbury
UK Green Investment Bank
Dr. Sultan Ahmed Al Jaber
Media enquiries
Masdar is Abu Dhabi's 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 PJSC, 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.