World’s First Solar Building Exporting Energy Shelved by Masdar

Date: 19 September 2011
Sept. 16 (Bloomberg) -- Masdar shelved plans for the world’s first building that makes more energy than it consumes, a year after the financial crisis forced the Abu Dhabi company to step back from setting up the first carbon-neutral city.

The Abu Dhabi state-owned company said it’s evaluating a different design for its headquarters than the one selected in 2008 from Chicago-based Adrian Smith + Gordon Gill Architecture for a 100,000 square-meter (1.1 million square-foot) structure equipped with enough solar panels to cover four soccer fields.

The headquarters, planned in the capital city, “will now be built in phases, in line with market demand and economic conditions at the time,” Abu Dhabi-based Masdar said in an e- mailed response to questions. Officials declined to say whether the revised design would still allow for the headquarters to generate more power than it uses.

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600450 World’s First Solar Building Exporting Energy Shelved by Masdar
Date: 19 September 2011

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