Sobre Masdar la ciudad sostenible

Masdar owners report H1 revenue of over $4bn on Oct 4

Masdar owners Mubadala Development Company (Mubadala) have reported H1 results that show an 18% year-on-year growth in revenues, up this year at US $4.35 billion. The firm’s operating income was up from $109 million last year, to $600 million in H1 2012.

Reporting on the firm’s renewable energy arm, Masdar, Mubadala said that the Valle 1 & 2 CSP plant – part of the firm’s Torresol investment in Spain – had reached full commercial operation. Each plant is now producing enough electricity for 40,000 households. The UAE’s own Shams 1 solar project was also reported to be on schedule, with development of the scheme now finalised.

District cooling firm Tabreed has also increased its presence – with installed capacity across the GCC now standing at 767,125 RT, making it one of the biggest district cooling companies on the planet.