Business Chief Europe Magazine September 2023 | Page 35

TOP 1O tonnes in 2022 ) in just two years , it is now on track to grow clean energy capacity from above 20GW to 100GW and 1 million tonnes per year of green hydrogen production by 2030 .
The company , which is wholly owned by the Abu Dhabi government ’ s investment arm Mubadala , is working with Beeah to launch the first commercial scale waste-to-energy project regionally ; working on the world ’ s largest single-site solar power plant in Al Dhafra and Africa ’ s biggest wind farm in Egypt ; and constructing a blueprint for future cities .
Masdar City is a US $ 22 billion ecoproject that is fast becoming home to one of the Middle East ’ s largest clusters of highperformance buildings , including Siemens ’ regional HQ .
Having recently developed a Green Finance Framework to guide all future financing activities , Masdar plans to become an issuer of Green Bonds in the debt capital markets .
Mohamed Jameel Al Ramahi , CEO of Masdar

MASDAR

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