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Masdar, also known as the Abu Dhabi Future Energy Company, is a renewable energy company based in Abu Dhabi, United Arab Emirates. Masdar has three business units including Masdar Clean Energy, Masdar City, and Masdar Capital. Masdar's mission is complemented by the Masdar Institute, an independent research university. Masdar is a subsidiary of the Mubadala Development Company and was founded in 2006.