Masdar, Siemens ink strategic agreements
Abu Dhabi, March 8, 2011
Masdar, Abu Dhabi’s renewable energy company, and Siemens have signed the detailed agreements on their long term Strategic Partnership, which was first announced in October 2010.
“Today the partnership of Siemens and Masdar has reached a significant milestone of what will be a long term strategic collaboration,” said Wolfgang Dehen, chief executive of the Siemens Energy Sector and Member of the Siemens Board.
“Not only have we firmly established the framework of our technology cooperation, but also the relocation of our regional headquarters to Masdar City. This marks the first time that Siemens has moved headquarters of a global division, that was established in Germany, into a region.”
Siemens’ proposition to research and develop new, clean technologies with Masdar Institute, represents the largest global commitment of its kind with a science and technology institution that Siemens has ever embarked upon.
The agreement entails a long term R&D program for Smart Grids, Smart Buildings, and Carbon Capture and Storage in form of scholarships and R&D funding, as well as educational programs for the advancement of the knowledge economy in the United Arab Emirates.
“With this long term and strategic partnership with a leading global company, such as Siemens, Masdar will establish the foundations for developing and testing new technologies involving energy efficiency and carbon abatement that have both regional and global benefits,” added Dr Sultan Al Jaber, chief executive officer of Masdar.
More and more people are living in cities which now account for 75 per cent of the energy consumed worldwide and are responsible for 80 per cent of greenhouse gas emissions.
“We are sure that this groundbreaking clean energy project in Abu Dhabi will also promote sustainable cities globally,” Dehen stated.
In the near future Siemens will open a centre of excellence for building technologies in Masdar City.-TradeArabia News Service