Abu Dhabi firm set to invest in wind power

02/12/2011 - Dubai Investment News Posted by Bob Brunskill
Abu Dhabi firm set to invest in wind power

Masdar, the state-owned clean energy company in Abu Dhabi, has confirmed that it is considering investing in wind power in the relatively undeveloped market of the former Soviet bloc.Despite this interesting announcement, Sultan Al Jaber, the chief executive of Masdar, refused to confirm which countries the firm was evaluating, people seeking property in the UAE may wish to know."The potential in these countries is huge, however, largely untapped so far," explained Stefan Gsanger, the secretary general of the World Wind Energy Association.In western Europe, wind projects are increasingly moving offshore. But in many of the former Soviet nations, it is not uncommon for regular citizens to be forced to live near wind turbines."Quite a lot of land is undeveloped, so they can go for high-capacity projects, whereas in western Europe the better sites are, more often than not, taken," Daniel Shurey, a European wind analyst with Bloomberg New Energy Finance, commented.