Masdar acquires 50% stake in Terra-Gen Power, expanding its US renewable energy footprint.

Masdar, an Abu Dhabi-based renewable energy firm, has acquired a 50% stake in U.S. independent energy company Terra-Gen Power Holdings II from Energy Capital Partners. This investment enhances Masdar's footprint in the U.S. renewable energy sector, leveraging Terra-Gen's expertise in solar, wind, and energy storage projects. The collaboration aims to advance renewable energy initiatives, supporting Masdar's goal of achieving 100GW capacity by 2030.

October 01, 2024
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