JLL reveals that “global transactions are up 55 per cent year on year”August 25, 2015 3:40
Masdar to be late, smaller, and not 100 percent on-site powered
New statement scales back plans for $22 billion green development.
October 10, 2010 12:10 by Samuel Potter
According to reports on Sunday, Masdar City, the UAE’s flagship green energy project, is being scaled back in size and will be delivered considerably behind deadline.
Emirates 24-7 reports that, according to a statement emailed by Abu Dhabi Future Energy Company (the government-owned company behind the project) the project will not be complete until 2020 at the earliest (four years past the original deadline), and possibly as late as 2025. The paper also says that, according to the statement, “while it still aims to be eventually powered 100% by renewable energy, it will no longer rely solely on on-site clean energy sources. That was a key goal of the project, which had aimed to be 100 per cent carbon neutral.”
It quotes the statement as saying: “Instead, the purchase of renewable energy from off-site locations may also be utilised as energy demands increase over the project’s lifetime.”
[When Kipp attempted to contact the Masdar press office we were told that all press officers were at lunch, and to try again after 3pm. A little less lunch, and a little more developing green technologies might help with that deadline, thinks Kipp…]
UPDATE: Masdar Media Relations has been in touch, and assures Kipp that due to the overwhelming response to the press release “lunch was had by none today nor does it seem likely dinner either as we want to make sure we get back to all queries!”
The statement in full:
Masdar City, the emerging global clean technology cluster being built on the outskirts of the UAE capital Abu Dhabi, today set out the conclusions a comprehensive review of the sustainable development’s master plan.
Initiated earlier this year, the review process was intended to update the master plan and take into account market and technology developments since the original strategy for Masdar City was developed in 2006. In particular, the review sought to capture the knowledge gained through three years of construction and completion of Masdar City’s first building as well as take into account changing market conditions and the evolution of technology.
The master plan review highlighted the achievements at Masdar City to date, including the completion of the first six buidlings of the Masdar Institute (students and faculty having moved into the new facility in September 2010), residential units that use 54% less water and 51% less electricity than the UAE average, 30% of electricity demand provided by rooftop photovoltaic panels and 75% of the buildings’ hot water provided by rooftop thermal collectors. The review also confirmed the need for a phased approach to the development to allow for new technological innovations to be incorporated as building progresses.
Pages: 1 2