The backup plan
Masdar is clean energy company with the ambitious target to build first in the region wind farm. Due to middle east wind condition isn’t by far so good, they made specialized blades to overcome this problem. Masdar is owned by Mubadala Development and already has 2 solar projects. Once Masdar awards the contract and completes the 6 week study, the wind farm could operate within 2 years. Masdar’s partners from France and Spain received financing worth $600 m for the project as banks rely on “green power” along with the government support. Because wind power is first project of its kind, capital market attraction along with bank funding will be monitored, expert analysts stated.
Yee, A. (2011, April 27). Masdar plan for $200m pioneering wind farm - The National. Latest and breaking news | thenational.ae - The National. Retrieved October 2, 2012, from http://www.thenational.ae/business/energy/masdar-plan-for-200m-pioneering-wind-farm
APA formatting by BibMe.org.
Rashid Hassan Mueen AlObaidli
CEP 1103
H00247501
Words 123 Graded Summary #1
Masdar is clean energy company with the ambitious target to build first in the region wind farm. Due to middle east wind condition isn’t by far so good, they made specialized blades to overcome this problem. Masdar is owned by Mubadala Development and already has 2 solar projects. Once Masdar awards the contract and completes the 6 week study, the wind farm could operate within 2 years. Masdar’s partners from France and Spain received financing worth $600 m for the project as banks rely on “green power” along with the government support. Because wind power is first project of its kind, capital market attraction along with bank funding will be monitored, expert analysts stated.
Yee, A. (2011, April 27). Masdar plan for $200m pioneering wind farm - The National. Latest and breaking news | thenational.ae - The National. Retrieved October 2, 2012, from http://www.thenational.ae/business/energy/masdar-plan-for-200m-pioneering-wind-farm
APA formatting by BibMe.org.
Rashid Hassan Mueen AlObaidli
CEP 1103
H00247501
Words 123 Graded Summary #1
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