posted on 16/03/2009 - Gulf News
The chief executive officer of Masdar has announced the company will attend a three-day European Energy Forum in Bilbao, Spain, between June 9 and 11.
The chief executive of Masdar (Abu Dhabi Future Energy Company), said yesterday as a testament to Abu Dhabi and Masdar's ongoing commitment to the renewable energy sector, the company will, in collaboration with Turret Middle East, attend the forum.
"Based on the direction of our visionary leadership, and due to the overwhelming success of World Future Energy Summit 2008 and 2009, we have decided to take Abu Dhabi's global platform for collaboration on renewable energy, WFES, to Europe," Dr Sultan Al Jaber told a news conference here.
"By taking this more focused forum to Europe, we are targeting an audience that will be a catalyst for advancing sustainable solutions in the region. We hope to reinforce our position to the renewable energy industry that the time to be competitive, creative and innovative is now," he said.
Al Jaber said despite the economic downturn, renewable energy must remain high on the global agenda.
"We are not alone in our ambition. We have seen the support of governments, industry leaders and energy experts at this year's World Future Energy Summit. We had over 18,000 attendees from 79 countries. These figures are evidence that people around the world are as committed to this agenda as we are," he added.
Al Jaber said at they expect more than 5,000 attendees at the forum.
Renewable energy sources will account for at least seven per cent of Abu Dhabi's power generation capacity by 2020. Masdar estimates this commitment will create a renewable energy market of $6 billion-$8 billion in the emirate. – Gulf News
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