Britain and Abu Dhabi to sign clean energy accord

Reuters    Translate This Article
3 November 2008

ABU DHABI (Reuters) - Britain and an Abu Dhabi renewable energy company are to sign an agreement to cooperate on clean energy technologies, British Prime Minister Gordon Brown said on Monday.

'Today we will sign an MOU (memorandum of understanding) with Masdar to work to develop and deploy low carbon technology for energy,' Brown said during a visit to the United Arab Emirates. He said the deal will cover wind and solar energy as well as carbon capture and storage.

During Brown's visit to neighboring Qatar, the Gulf state agreed on Sunday to invest 150 million pounds ($243.4 million) in a British low-carbon energy technology fund.

The investment will be topped up with 10 million pounds by Britain's Carbon Trust and another 90 million pounds from private investors.

Last month, Abu Dhabi state-run Masdar said it was taking a 20 percent stake in the 1,000 megawatt London Array offshore wind farm project for an undisclosed sum. Abu Dhabi is the capital emirate of the UAE, the world's fifth-largest exporter of oil.

Masdar has been set up by the Abu Dhabi government to develop sustainable and clean energy. It aims to ensure a leading role in the future energy industry for the emirate, holder of 90 percent of the UAE's oil reserves.

Britain and the UAE signed an initial agreement in May for cooperation in peaceful use of nuclear energy.

(Reporting by Matt Falloon and Simon Webb; Writing by Firouz Sedarat)

Copyright 2008 Reuters. Reprinted with permission from Reuters. Reuters content is the intellectual property of Reuters or its third party content providers. Any copying, republication or redistribution or Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. Reuters and the Reuters Sphere Logo are registered trademarks of the Reuters group of companies around the world. For additional information about Reuters content and services, please visit Reuters website at www.reuters.com. License # REU-4198-JJM.



Translation software is not perfect; however if you would like to try it, you can translate this page using:

(Google) Select a language English to Afrikaans English to Albanian English to Arabic English to Belarusian English to Bulgarian English to Catalan English to Chinese (Simplified) English to Chinese (Traditional) English to Croatian English to Czech English to Danish English to Dutch English to Estonian English to Filipino English to Finnish English to French English to Galician English to German English to Greek English to Hebrew English to Hindi English to Hungarian English to Icelandic English to Indonesian English to Irish English to Italian English to Japanese English to Korean English to Latvian English to Lithuanian English to Macedonian English to Malay English to Maltese English to Norwegian English to Persian English to Polish English to Portuguese English to Romanian English to Russian English to Serbian English to Slovak English to Slovenian English to Spanish English to Swahili English to Swedish English to Thai English to Turkish English to Ukrainian English to Vietnamese English to Welsh English to Yiddish

(Altavista babelfish) Select a languageEnglish to Chinese-simpEnglish to Chinese-tradEnglish to DutchEnglish to PortugueseEnglish to FrenchEnglish to GermanEnglish to GreekEnglish to ItalianEnglish to JapaneseEnglish to KoreanEnglish to RussianEnglish to Spanish

Send Good News to Global Good News.

Your comments.