Masdar City in Abu Dhabi the worlds first carbon-neutral, zero-waste city, designed by Foster + Partners was presented with a Boldness in Business Award in the environment category at a ceremony in London last night. The awards celebrate and reward firms that innovate and challenge traditional business models. Masdar, driven by the Abu Dhabi Future Energy Company, was recognised as an initiative that goes beyond carbon offsetting to tackle sustainability in the broadest possible sense.
More information on the awards can be found on:
Notes to editors:
The Masdar Initiative is Abu Dhabis multi-faceted, multi-billion dollar investment in the development and commercialization of innovative technologies in renewable, alternative and sustainable energies as well as sustainable design. Masdar is driven by the Abu Dhabi Future Energy Company (ADFEC), a wholly owned company of the government of Abu Dhabi through the Mubadala Development Company. In January 2008, Abu Dhabi announced it will invest $15 billion in Masdar, the largest single government investment of its kind. Masdar, which works with a range of innovative renewable energy companies and utilities, is continuously searching for investment opportunities. The London Array investment is part of Masdars global alternative energy strategy which includes solar, wind and other renewable technologies. Masdar last month made a significant investment into the Finnish wind-turbine manufacturer WinWinD Oy, adding to Masdars growing portfolio of investments, partnerships and production capabilities in the renewable energy sector. For more information about the Masdar Initiative, please visit www.masdaruae.com