Masdar seeking to invest in China

ABU DHABI, United Arab Emirates - Masdar Capital, the investment vehicle of the Abu Dhabi state-owned renewable energy company Masdar, is looking for investment opportunities in fuel cells and water treatment in China, senior executives said.

The private-equity company, which manages assets worth $520 million through its Masdar Clean Tech Fund and DB Masdar Clean Tech Fund, is in talks about a possible investment with a Chinese fuel-cell maker and a water-treatment company, according to Alex O'Cinneide, general manager of Masdar Capital.

Fuel cells are devices that use chemical reactions to generate electricity.