Middle East Economic Survey

VOL. LI

No 39

29-Sept-2008

UAE

Masdar Buys Equity Stake In Finnish Wind Turbine Maker For 120Mn

UAE renewable energy initiative Masdar announced on 23 September the purchase of a minority equity stake in Finnish winder turbine manufacturer WinWinD for 120mn. The UAE government firm said the purchase of a significant equity stake in the wind turbine maker highlighted its commitment to be a key player in the wind energy markets. WinWinD makes 1mw and 3mw turbines, and has...