Abu Dhabi clean-tech event sees big-ticket investments, new ventures

The Abu Dhabi Sustainability Week (ADSW) that was held last week has given the renewable energy and clean-tech sector a bouquet of goodies. Alongside the big-bucks commitments to the sector, there was also a raft of announcements with a focus on small and island nations.

The ADSW is an annual event held by the emirate through its renewable energy and sustainable real estate company, Masdar. A key development of the 2020 event was the launch of a $260-million real estate investment trust (REIT) by Masdar exclusively for green buildings.

Deal with NTPC

Masdar also signed a clutch of agreements with global energy majors, including an MoU with India’s NTPC for exploring green projects in India.