Masdar (Arabic: مصدر), also known as the Abu Dhabi Future Energy Company, is a United Arab Emirates state-owned renewable energy company. It was founded in 2006 as a subsidiary of the UAE state-owned Mubadala Investment Company. Masdar has worked to deflect criticisms of the UAE, a major fossil fuel producer, and defend the country's environmental record.
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Masdar (Arabic: مصدر), also known as the Abu Dhabi Future Energy Company, is a United Arab Emirates state-owned renewable energy company. It was founded in 2006 as a subsidiary of the UAE state-owned Mubadala Investment Company. Masdar has worked to deflect criticisms of the UAE, a major fossil fuel producer, and defend the country's environmental record.
==History== In 2006, the UAE government established Abu Dhabi Future Energy Company PJSC (Masdar) to diversify the entire resources and boost the local economy.
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