Masdar company gets ‘Energy Business Leader of the Year’ honour

posted on 27/09/2012: 774 views

The Masdar company has been recognised as "Energy Company of the Year,” and honoured with "Energy Business Leader of the Year” distinction during the first-ever Gulf Business Industry Awards.

The awards underscore Masdar's commitment to maintaining Abu Dhabi's leadership position in the evolving energy market and the company's critical role in helping the emirate move from a resource-based economy to the one based on knowledge and innovation.

The awards are the GCC's benchmark for recognising and trumpeting local business achievement.

They distinguish outstanding companies and executives whose leadership and business models promote strong financial standing, continued innovation and impactful growth.

"It's an absolute privilege to be recognised as Energy Business Leader of the Year,” said Dr Sultan Ahmed Al Jaber, chief executive officer of Masdar, Abu Dhabi's multifaceted renewable energy company.

"These awards emphasise the momentum at Masdar and the visible progress being made to transform Abu Dhabi into a future energy leader. With rapidly evolving energy markets, Masdar is ensuring Abu Dhabi remains a dominant energy exporter from valuable hydrocarbons to renewable energy.

"The UAE's environmental stewardship was instilled by our nation's founding father and president, the late Sheikh Zayed Bin Sultan Al Nahyan,” said Dr Al Jaber.

"It's that spirit that continues to drive this nation as we look for ways to conserve our resources, integrate sustainable development and make long-term investments for our future social and economic growth - translating the leadership's wise vision into reality.”

Launched by the Abu Dhabi leadership in 2006, Masdar is contributing to the diversification of Abu Dhabi's economy and energy sources. The company invests in research, clean-technology companies and large-scale renewable power projects.

Masdar's flagship solar power project in Abu Dhabi, the 100MW Shams One, is the largest solar project in the Middle East and North Africa.

Masdar has also developed projects in the United Kingdom and Spain, while also investing in clean-technology companies across North America, Europe and Asia.

Earlier this year, Dr Al Jaber received the United Nations' Champions of the Earth award. Organised by the United Nations Environment Programme, the award honoured Dr Al Jaber for his positive impact on the environment.

The momentum for Abu Dhabi and its role in the global energy landscape continues this January with the start of Abu Dhabi Sustainability Week (ADSW).

The global gathering will address business, technology and financial challenges that are required for sustainable development.

Taking place from Jan.13-17, the ADSW will be the largest gathering on sustainability in the history of the Middle East.

The event will draw more than 30,000 participants from 150 countries, including globally recognised leaders from governments, the private sector, academia, non-governmental organisations and other stakeholders. – The Gulf Today

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