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Masdar voted ‘sustainable city of the year’

Award presented at Europe’s leading renewable energy finance conference

Award presented at Europe’s leading renewable energy finance conference

Masdar, the landmark initiative by the Abu Dhabi government to promote advanced energy and sustainability worldwide, has been named ‘Sustainable City of the Year’ at the Euromoney and Ernst & Young Global Renewable Energy Awards 2007.

The award, the latest plaudit for the Abu Dhabi Future Energy Company, was presented at the 9th Annual Global Renewable Energy and Finance Forum (REFF) in London on Monday (September 24, 2007) by veteran BBC journalist John Humphrys. The REFF is Europe’s largest and most established event for the renewable energy finance community.

Masdar CEO Dr. Sultan Ahmed Al Jaber said the award shows the centrality of the Masdar Initiative in the global renewable energy sphere. “This is a valuable recognition of Masdar’s commitment to and vision of a clean energy future for the world, and provides a significant impetus for us to move forward,” he said. “We are honoured by this gesture of trust and confidence from our peers in the industry.”

The REFF conferences unite public and private investors, project developers and senior executives from across the renewable energy, technology and corporate funding sectors worldwide. Conference delegates and members of the public can vote in the Global Renewable Energy Awards, which recognise the projects, companies and individuals who have made significant contributions to the renewable energy sector.

The 2007 awards were presented in 12 categories, including IPO of the Year, Emerging Technology Promoter of the Year, Climate Change Investment Programme of the Year and Sustainable Region/City of the Year. In June, Masdar received the first World Clean Energy Award from the Transatlantic21 Association in Basel, Switzerland.

Masdar is a comprehensive Abu Dhabi government program addressing the issues of sustainable energy sources and environmental practices. The program is focused on developing and commercializing advanced and innovative technologies in renewable, alternative and sustainable energies.