عربي

UAE's Masdar, UK government invest $86 million in green technology fund

News •

UAE's Masdar, UK government invest $86 million in green technology fund

Source: Zawya

Abu Dhabi Future Energy Company (Masdar) together with the UK government have invested £70 million ($86.48 million) in a new green technology fund.

The UK treasury has launched a £400 million fund, CIIF, to bolster Britain’s electric vehicle charging infrastructure, with the first £70 million provided by government and UAE renewables investor Masdar - allocated for 3000 charge points, Masdar said in a statement.

“This more than doubles the number across the UK to 5000. The fund is managed by London-based Zouk Capital,” the statement added.

The investment by Masdar, which is wholly-owned by Abu Dhabi’s Mubadala Investment Company, will create 3,000 new rapid charge points.

Charge point is an infrastructure that supplies electric energy for recharging plugged-in electric vehicles.

Rapid charge points can recharge a family car in 20 minutes, compared to existing technologies which can take up to 40 minutes.

Continue reading this story

Thank you

Please check your email to confirm your subscription.

Whoops, looks like something went wrong.

(1/1) ErrorException

file_put_contents(): Only 0 of 270 bytes written, possibly out of free disk space
in Filesystem.php (line 122)
at HandleExceptions->handleError(2, 'file_put_contents(): Only 0 of 270 bytes written, possibly out of free disk space', '/var/www/wamda-frontend/vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php', 122, array('path' => '/var/www/wamda-frontend/storage/framework/sessions/ON7b5s7YDH636zTkBqd1RSMGMxOlSRXzIeTz7oG9', 'contents' => 'a:3:{s:6:"_token";s:40:"hAsWYZwZrDhNaebKNJtEmiLfFPEI5Zp4iIycmzpp";s:9:"_previous";a:1:{s:3:"url";s:111:"http://staging.wamda.com/index.php/en/2019/09/uaes-masdar-uk-government-invest-86-million-green-technology-fund";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', 'lock' => true))
at file_put_contents('/var/www/wamda-frontend/storage/framework/sessions/ON7b5s7YDH636zTkBqd1RSMGMxOlSRXzIeTz7oG9', 'a:3:{s:6:"_token";s:40:"hAsWYZwZrDhNaebKNJtEmiLfFPEI5Zp4iIycmzpp";s:9:"_previous";a:1:{s:3:"url";s:111:"http://staging.wamda.com/index.php/en/2019/09/uaes-masdar-uk-government-invest-86-million-green-technology-fund";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', 2)in Filesystem.php (line 122)
at Filesystem->put('/var/www/wamda-frontend/storage/framework/sessions/ON7b5s7YDH636zTkBqd1RSMGMxOlSRXzIeTz7oG9', 'a:3:{s:6:"_token";s:40:"hAsWYZwZrDhNaebKNJtEmiLfFPEI5Zp4iIycmzpp";s:9:"_previous";a:1:{s:3:"url";s:111:"http://staging.wamda.com/index.php/en/2019/09/uaes-masdar-uk-government-invest-86-million-green-technology-fund";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', true)in FileSessionHandler.php (line 83)
at FileSessionHandler->write('ON7b5s7YDH636zTkBqd1RSMGMxOlSRXzIeTz7oG9', 'a:3:{s:6:"_token";s:40:"hAsWYZwZrDhNaebKNJtEmiLfFPEI5Zp4iIycmzpp";s:9:"_previous";a:1:{s:3:"url";s:111:"http://staging.wamda.com/index.php/en/2019/09/uaes-masdar-uk-government-invest-86-million-green-technology-fund";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}')in Store.php (line 128)
at Store->save()in StartSession.php (line 88)
at StartSession->terminate(object(Request), object(Response))in Kernel.php (line 218)
at Kernel->terminateMiddleware(object(Request), object(Response))in Kernel.php (line 189)
at Kernel->terminate(object(Request), object(Response))in index.php (line 58)