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FINANCIAL NEWS
Masdar to invest USD290m in three years
14 Jul 2011
(MENAFN) Madsar Capital’s general manager, Alex O’Cinneide, said that by the year 2014, the green energy company would probably invest USD290 million in global clean tech projects, reported Arab News.
O’Cinneide added that the Abu Dhabi company launched its first DB Masdar Clean Teach Fund in China and would expect to start next projects in the coming few years, moreover, the company would start its next investment that would worth between USD15 million and USD40 million.
He also said that the company’s two major investment vehicles, Masdar Clean Tech Fund (I) and DB Masdar Clean Tech Fund (II), combined had USD540 million under management.
It is worth noting that globally, total new investments in clean energy rose 30 percent from USD186 billion in 2009 to USD243 billion last year and global renewable energy spending is forecasted to reach USD461 billion by 2030.
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