© 2010 Masdar – A Mubadala CompanyNovember 2010

Abu Dhabi 2030: Masdar’s role in bringing the vision to reality

UAE vision for Sustainable growth:Extending Abu Dhabi’s Energy Leadership

• Abu Dhabi has traditionally played a leading role in global energy markets as a significant hydrocarbon producer.

• 2030 Vision - Abu Dhabi has embarked on a two-decade programme to transform its economy from one based on natural resources to one based on knowledge, innovation and the export of cutting-edge technologies.

• Addressing Climate Change - Abu Dhabi is committed to taking its part in the global effort to combat climate change.

Masdar – Vision and Mission

VISION

To make Abu Dhabi the preeminent source of renewable energy knowledge, development, implementation and the world’s benchmark for sustainable development.

MISSION

To advance renewable energy and sustainable technologies through education, research and development, investment, Commercialization and adaptation.

Masdar – Overview

Masdar Milestones – Past and Present

201120102009200820072006

Masdar Initiative launch attended by Total CEO Christophe de Margerie

Launch of $250 Masdar Cleantech Fund with

Credit Suisse

Investment into manufacturing and power plant growth platforms takes shape

Launch of TorresolEnergy JV: 60%

Sener, 40% Masdar

Masdar City construction

begins

Masdar Institute building complete

Masdar Institute welcomes first students

Masdar PV facility in Germany complete

Masdar invests in London Array Project

1st Zayed Future Energy Prize award

ceremony

Launch of $265m Clean Tech Fund II

Masdar City Masterplanreview complete

Masdar and E.ON JV to develop CDM projects

Launch of World Future Energy Summit

Siemens partnership formalized

Launch of Shams 1 in Abu Dhabi

MASDAR INSTITUTE

Masdar Institute

Masdar Institute of Science and Technology is a graduate level, research driven Universityin collaboration with MIT. The Institute opened in September 2009 with an intake of 88 students from 1200 applications from across 22 countries.

• Offering Master’s and PhD programs in science and engineering disciplines, focused on alternative energy, environmental technology and sustainable development

• Over 30 research projects are currently underway including Solar Beam Down, Innovation Ecosystems, Smart Grids, Aviation Biofuels

• Research partnerships with Boeing, Honeywell UOP and Advanced Technology Investment Company

• Student body is expected to grow to 600 over the next five years

• Fellowship partners include Imperial College London (UK),RWTH Aachen University (Germany), Tokyo Institute of Technology (Japan), University of Waterloo (Canada), University of Central Florida (USA)

Masdar Institute

• 14 students had GRE Quantitative scores of 800, average score of 760

• Masdar Institute announced its second year of academic operations in October 2010

• The 2010 intake saw the selection of nearly 100 students from 1,900 applicants across 25 countries with 42 faculty members recruited from the world’s leading universities

MASDAR POWER

Masdar Power

Objectives

• A developer and operator of renewable power generation projects, particularly in solar and wind,internationally and in the United Arab Emirates

• Building a portfolio of strategic utility-scale projects

• Contribute to achieving Abu Dhabi’s target of 7% target of total generation capacity by 2020 fromrenewable energy sources

• Strategically invests in technology relevant to utility-scale renewable energy

Masdar Power – Shams 1

In June 2010, Masdar announced France’s Total and Abengoa Solar of Spain as strategic partners In the Shams 1 project. The joint venture between Masdar (60%), Total (20%) and Abengoa Solar (20%) will develop, build, operate and maintain the plant.

Shams 1- Quick Facts

• Extends over an area of 2.5 km², • Capacity of 100 MW • Solar field consisting of 768 parabolic trough collectors• Located in Madinat Zayed, approximately 120 kilometres southwest

of the city of Abu Dhabi in the United Arab Emirates.

Masdar Power – Sir Bani Yas

Sir Bani Yas is a natural Island located 250 km southwest of Abu Dhabi city. It lies 9 km offshore from Jebel Dhanna and is 17.5 km from north to south and 9 km from east to west, making it the largest natural island in the United Arab Emirates. TDIC promotes Sir Bani Yas Island as a premier tourist destination.

Sir Bani Yas - Quick Facts

• Onshore wind farm• Target capacity of between 20 and 30MW• Commissioning in 2012

Masdar Power – Torresol Energy

Torresol is a joint venture agreement between SENER (60%) and Masdar (40%) which was signed in March 2008. Torresol Energy is implementing one of the world’s first commercial deployments of CSP Central Tower Receiver Systems.

Torresol - Quick Facts

• The Gemasolar plant• 2,500 heliostats (mirrors), • diameter approximately1500 metres,• supply energy to 30,000 households – saving more than

50,000 tonnes of carbon emissions per annum.

• The Valle 1 & 2 plants• parabolic trough, • will generate clean and safe energy for over 80,000 homes , • saving 90,000 tones of carbon emissions per annum.

Masdar Power – Seychelles

The recommended first phase of the project is a 6 to 8 MW development utilizing 750KW to 1MWclass wind turbines at two sites in Port Victoria.

Seychelles- Quick Facts

• Installed capacity: 6 to 8MW over 4 sites• Emission reductions: 10,000 tons per annum• Commercial operation date: 2012• Potential diesel savings: 3.5M liters per annum• Total renewable share: Approx. 20% of peak

island demand - 38MW in 2008

Masdar Power – PV (Germany)

The German based facility is the first ever fully Abu Dhabi owned and operated high-tech venture inthe heart of Europe. Masdar PV, is fully operational and is producing amorphous silicon thin filmphotovoltaic modules that are eight times larger and five times more powerful (in total watt) thanindustry standard.

Masdar PV Quick Facts

• The annual production capacity of the German facility will be in the range of 200MW • High-volume manufacturing of thin film PV

• requires less than 1% of expensive • semiconductor material compared to • traditional PV, which means thin-film • technology can rapidly drive down the cost of

PV to bring it closer to grid-parity

Masdar Power – London Array Offshore Wind Farm

When completed the London Array will be the worlds largest offshore wind farm. The project has formed as a result of the joint venture between DONG (50%), E.ON (30%) and Masdar (20%) which was signed in May 2009.

London Array Quick Facts

• Capacity of 1GW of power when complete

• It will consist of up to 341 wind turbines• The farm will produce enough energy to power a quarter of

Greater London (750,000 homes)• Displacement of 1.9 million tonnes of carbon dioxide each year• Onshore construction started in July 2009, with offshore

construction due to commence in the summer of 2010.

MASDAR CAPITAL

Masdar Capital

Objectives

• Invest in the world’s most promising renewable energy and clean technology companies

• Help renewable energy and clean technology companies grow and scale-up by providing capital and management expertise

• Promote innovation in resource conservation and clean technologies that have the greatest potential to bring benefits to the UAE

Masdar Capital – Investment Opportunities

Management Quality Experienced, hands-on team with proven management capability

Technology Propriety and protected (ideally international patents) technology with potential for large-scale application Demonstrated superior performance; disruptive possibilities

Regulatory Certainty Reasonable certainty around stable regulatory environment

Opportunities Driven by Industry Logic

Fragmented market (leading to consolidation)Potential for scale benefits or vertical integration

Geographic Expansion Seek opportunities for geographic expansion of investee companies

Exit Options (3-5 years)

Multiple exit options/timeframes possible via an IPO, natural owners and secondary buyers

Governance We typically take lead investor roles and ask for a board seat and other governance rights

Masdar Capital – Investment Opportunities

Masdar Venture Capital

Masdar Clean Tech Fund (1st Fund)

$250m fund PartnershipCredit SuisseConsensus Business GroupSiemens

$5-20m investment ticket size in companies with promising technology and defendable IP

Current Investments range from Solar Thin-Film to Waste-to-Energy and Water Purification

Investments range from early stage to late stage Pre-IPO investments

DB Masdar Clean Tech Fund (2nd Fund)

Established in January 2010, raising $500-750m, first close recently completed

General Partners: Masdar and Deutsche Bank

Limited Partners: Siemens, Development Bank of Japan, GE, Nippon Oil, Inpex, JBIC

Similar Investment targets to our first fund

MASDAR CARBON

Masdar Carbon

Objectives

• Become a leader in carbon emissions reduction

• Advance projects that will bring significant reductions to UAE’s carbon footprint

Strategy

• Focus on clean fossil fuel power and industrial energy efficiency

• Create additional value through carbon monetization under international policy

Masdar Carbon – CDM

Clean Development Mechanism Quick Facts

• In Registered three projects to date:• Shams 1—100MW CSP• Masdar City 10MW Solar Plant• Gasco project

• Recovery and utilization of flare waste gases• Fuel switch in industrial facilities• Energy efficiency improvements• Waste heat recovery• CO2 recovery• Pipe leak reduction• Renewable energy (wind, solar

ORIGINATE

COMMERCIALISE

Masdar Carbon – CDM

E.ON Masdar Integrated Carbon is a joint venture company between Masdar and E.ON focused on developing carbon emission reduction projects on the global market.

E.ON Masdar Integrated Carbon capitalises on the strengths of its parent companies to identify and develop opportunities within the target markets. Projects will focus on technologies with large carbon reduction potential, namely: fuel switching, open cycle to combined cycle gas turbine conversion, gas pipeline leakage reduction and gas flare reduction.

E.ON Masdar Integrated Carbon - Quick Facts

• 50/50 joint venture between Masdar and E.ON• Active in Africa, Asia and the Middle East• Focus on: fuel switching, open cycle to combined cycle gas turbine conversion, gas pipeline

leakage reduction and gas flare reduction

Masdar Carbon – CCS

Carbon Capture and Storage (CCS) is an essential technology in the global effort to combat climate change. CCS works by capturing carbon dioxide emissions from power plants and industrial sources, thus preventing their release into the atmosphere, and permanently storing these underground in geological structures such as oil reservoirs.

Carbon Capture and Storage - Quick Facts

• One of the largest industrial-scale CCS projects in the world• 5 million tonnes of carbon dioxide per year captured under phase 1• Will contribute significantly towards the reduction of the UAE’s

carbon footprint 350km of transportation pipelines

MASDAR CITY

Masdar City

Objectives

• Develop, test, and deploy best practices for sustainable urban planning and developmentthrough collaboration and partnerships.

• Promote techniques for maximum reduction of waste and carbon

• Provide know-how in sustainable best practices to other communities in the region andinternationally

Masdar City – Facts

• Construction of Masdar City began in February 2008.

• The first six buildings of the Masdar Institute of Science and Technology have been completed.

• The residential units use 54% less water and 51% less electricity than the UAE norm.

• Low-carbon concrete design mixes were developed to reduced the carbon footprint of buildings and their infrastructure.

• Active and passive orientation, design and specifying have led to a 55% reduction in building external heat gains.

• Up to 30% of their electricity demand is provided by rooftop photovoltaic panels.

• 75% of the buildings’ hot water is provided by rooftop thermal collectors.

• Cutting-edge pilot projects have been implemented in the areas of:– Geothermal energy– Solar thermal absorption chillers– Personal Rapid Transit– Greywater treatment– Smart appliances/ smart grid

Masdar City – Ariel Overview

Masdar City – 10MW Solar PV Plant

The 10MW solar photovoltaic (PV) power plant was inaugurated at Masdar City in June 2009. The facility provides electricity for the construction of Masdar City and the company’s temporary onsite headquarters. Excess power is fed to the Abu Dhabi grid.

10MW Solar PV Plant - Quick Facts

• Largest solar power plant in the region• Land Area: 210,000 square meters• Installed Capacity: 10 Mega Watt Peak• Displaces approximately 15,000 tons of carbon dioxide annually• 87,780 modules ,18,228 Suntech, 69,552 First Solar• Energy Generation: 17,564 MWh annually

Masdar City – Home to IRENA

• The International Renewable Energy Agency (IRENA) is an intergovernmental organization focusing on renewable energies

• The overarching goal of IRENA is a rapid transition towards the widespread and sustainable use of renewable energy worldwide

• The IRENA HQ will be located in Masdar City in the Masdar HQ building

Associated Programs – World Future Energy Summit (WFES)

The World Future Energy Summit, held every year in Abu Dhabi and hosted by Masdar, provides a crucial platform to address this challenge. In recognition that only an interdisciplinary approach to this enormous challenge will yield tangible results, the annual summit addresses issues of public policy, research and development and business in a coordinated approach.

The 2010 World Future Energy Summit was more influential than ever before, with the attendance of more than 100 official delegations, led by ministers, royals and heads of state, and more than 1,400 CEOs, as well as more than 23,000 attendees from more than 130 countries.

Associated Programs – Zayed Future Energy Prize)

Honouring Solutions for a Sustainable Energy Future

The Zayed Future Energy Prize represents the vision of, the Late Founding Father And President of the United Arab Emirates, Sheikh Zayed bin Sultan al Nahyan, who championed environmental stewardship.

The Prize Fund

The Zayed Future Energy Prize has an annual prize fund of $2.2 million open to companies, NGOs, individuals who have made a significant impact on our energy future.

The winner will receive $1.5 million, and the global honour and recognition that come with winning the Zayed Future Energy Prize. In addition to the winner, there could be up to two finalists who receive $350,000 each for the prize each year.

Criteria• Long Term Vision• Innovation• Leadership

Masdar Institute at Masdar City – now open for business

Masdar City

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