Oil, Green Energy and the Bottom Line

Naomi-K

3-6-2008 5:24 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/10769401-fed1-48fb-a896-8191b997d01f/952BE780-7840-4E6D-8809-B6A332A11768/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.business2.com/greenwombat/2008/02/abu-dhabi-the-c.html" href="http://blogs.business2.com/greenwombat/2008/02/abu-dhabi-the-c.html" style="font-size: 11px;">blogs.business2.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.business2.com/greenwombat/2008/02/abu-dhabi-the-c.html"><P>Masdar City will be a tax-free zone in a bid to lure makers of
photovoltaic equipment and other green energy manufacturers. When Al
Jaber says Abu Dhabi wants to own the whole supply chain, he means that
literally, beginning with polysilicon, the basic building block of
solar cells. “We’re looking at manufacturing polysilicon, thin-film for
photovoltaics, wind energy components,” he says. “We’re no longer
interested in only being a consumer of technology or an off-taker of
specific equipment. We want to transform ourselves into a more
knowledge-based economy. “</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.business2.com/greenwombat/2008/02/abu-dhabi-the-c.html"><P>“Abu Dhabi recognizes that the global energy markets are evolving
and are evolving with substantial growth in alternative energy,” Al
Jaber says. “It’s only going to go up. Does that make it a threat or an
opportunity? It’s a great opportunity if we invest in it now.”</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.business2.com/greenwombat/2008/02/abu-dhabi-the-c.html"><P>But he says he sees no irony in one of the world’s biggest
oil-exporting nations going green. The bottom line: it’s all about
power and markets.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/952BE780-7840-4E6D-8809-B6A332A11768/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

Naomi-K says:

Very interesting. Abu Dhabi's investment in green technology shows a shift in thinking. This is especially significant as it comes from a major oil producing nation.

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