Masdar acquires 50% stake in US renewable energy firm Terra-Gen, enhancing its global portfolio towards 100GW by 2030.

Abu Dhabi's Masdar, a clean energy powerhouse, is acquiring a 50% stake in US renewable energy firm Terra-Gen, bolstering its presence in the US market. The transaction represents a significant milestone towards Masdar's goal of building a global renewable energy portfolio of at least 100 gigawatts by 2030. Terra-Gen operates 32 renewable power sites in the US, with a focus on California and Texas, and has about 2.4 gigawatts of wind and solar energy and 5.1 gigawatt-hours of energy storage.

March 19, 2024
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