Wednesday, July 23, 2008

Mubadala eyes renewable energy companies in Germany - CEO

FRANKFURT (Thomson Financial) - Mubadala Development Co. is in talks to buy renewable energy companies in Germany, Handelsblatt reported, citing chief executive Kahldoon al Mubarak.

'We are looking for opportunities to invest in Germany,' he told the newspaper.

Abu Dhabi, UAE-based Mubadala yesterday signed a multi-billion dollar global partnership with General Electric Co. (nyse: GE - news - people )

Mubadala's unit Abu Dhabi Future Energy Co. plans to invest 140 million euros to build a solar cell factory in the German state of Thuringia, the state's Economy Minister Juergen Reinholz said earlier this year.

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