Launched in 2008, Masdar PV was supposed to become a “major global PV player”, according to Masdar chief executive Sultan al Jaber at the time.
Since then, however, it has struggled against a massive downward price pressure on solar modules and the deteriorating competitiveness of thin-film technology compared to traditional crystalline silicon (c-Si) panels.
In 2009 Masdar PV, a subsidiary of the larger Masdar initiative, broke ground at a €150m ($193.8m)
