“Masdar and IFC Seek to Join Forces on Renewable Energy Investment” – United Arab Emirates – May 16, 2013

On May 16, 2013 Masdar, the renewable energy company of the United Arab Emirates, and IFC signed a memorandum of agreement (MOU) by which the two parties will “explore opportunities for the development of large-scale projects including:  carbon capture, use and storage; cleantech venture capital and private equity fund co-investment; solar desalination; and utility-scale solar and wind power projects.  The newly-formed cooperative effort will investigate options for the IFC to finance up to $1.5 billion using financial products tailored to projects that may be developed by Masdar.”

You may read the press release about the MOU on the Masdar internet site.