Vestas Awarded, Then Donates Proceeds From Zayed Energy Prize

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Following the announcement that Vestas had been awarded the 2011 Zayed Future Energy Prize, which is awarded annually by the crown prince of Abu Dhabi, the company announced it would split the prize into two portions.

The first $750,000 will be donated to the newly created WindMade label, which is a result of a partnership between the United Nations Global Compact, the World Wildlife Fund, the Global Wind Energy Council, Bloomberg, PriceWaterhouseCoopers and LEGO.

The second $750,000 will be split among other finalists for the prize, including the following:

– Bunker Roy, director of Barefoot College, a solar-powered college in India;

– Jons Van der Hyden, vice president of business development at First Solar, a solar module manufacturer based in Arizona; andÂ

– Terry Tamminen, CEO and founder of 7th Generation Advisors. Vestas was selected for its scale of achievement and its track record – evolving into a global leader in delivering renewable sources of power, according to the Zayed Energy Prize.

‘Vestas clearly stood out for a number of reasons, and most importantly, for dynamically changing wind energy technology – something that requires imagination, vision and dedication,’ says R.K. Pachauri, chairman of the jury and of the Intergovernmental Panel on Climate Change.

The winner was chosen from a total of 391 submissions from 69 countries. The Zayed Future Energy Prize recognizes and rewards outstanding work in renewable energy and sustainability.

SOURCE: Zayed Future Energy Prize

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