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Masdar City has the potential to set up the ‘perfect’ smart grid, according to a senior executive from German industrial and engineering giant Siemens.

Wolfgang Dehen, CEO of Siemens Energy Sector and a member of the managing board of Siemens AG said that it is much easier to implement a smart grid while installing completely new infrastructure.

Abu Dhabi’s Masdar City is a carbon-neutral initiative being built entirely from scratch just outside the UAE capital.

Smart grids are in their infancy in the Middle East, the general lack of an existing, ageing infrastructure, means that the technology has huge potential in the region.

Coverage

E.ON and Masdar announced an agreement to establish E.ON Masdar Integrated Carbon (EMIC), a joint venture company focused on developing carbon emission reduction projects on the global market.

Masdar is a wholly-owned subsidiary of Mubadala Development Company, Abu Dhabi, focused on renewable energy and sustainability.

EMIC will develop, finance and implement projects in the Middle East, Africa and Asia with a particular focus on power generation and oil and gas. The emission reductions will be monetized in the form of carbon credits and traded under the current Kyoto Protocol based Clean Development Mechanism or other applicable future international climate trading schemes.