Investment To Fund Two Manufacturing Facilities; Erfurt In Q3 2009, Abu Dhabi In Q3 2010
Masdar, the wholly-owned initiative by the government of Abu Dhabi through Mubadala Development Company, today announced that Masdar PV will embark on a multi-billion dollar investment in thin-film photovoltaic solar technology, as part of its drive to become a world leader in alternative energy.
The total investment of approximately US$2 billion represents one of the largest investments ever made in solar, and will fund a three-phased manufacturing and expansion strategy to produce the latest generation of thin-film photovoltaic (PV) modules.
