The International Renewable Energy Agency (IRENA) created in January will be headquartered in the United Arab Emirates, according to Egypt's state news agency MENA.
UAE said it plans to house IRENA in Masdar City--the high-profile carbon neutral city currently under development. The headquarters are expected to be ready by 2011, and UAE said it would spend $136 million by 2015 to fund IRENA.
The decision was made by vote during a conference in Egypt, attended by 129 states.
According to reports, Austria and Germany withdrew their bids to host the Agency's main headquarters, prior to the vote. However, IRENA's innovation and technology center will be located in Bonn, Germany and an office for contacts to the U.N. will be created in Vienna, Austria.
IRENA was created to promote rapid and widespread adoption of renewable energy. It has 114 member state.