Emirates Business 24/7
There is no initiative in the world that matches Masdar’s; even organisations that have produced solar energy did it on a comparatively small scale.
I will not tell you right now because often initiatives acquire importance through the volume of finance earmarked for them, regardless of their feasibility. Many firms announce huge amounts to gather attention.
We will start with 100 megawatt, which will be increased later. And when we have made the city self sufficient, we will market the excess amount to the government or private sector inside the country or outside.
Returns in this sector are good and there is a real opportunity the returns will increase in the future. Investors should expect returns reaching some 14 per cent a year. We are creating a whole new industry.
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