Masdar Accelerates U.S. Renewables Expansion, Closes Acquisition of 50% Stake in Terra-Gen

Masdar France Germany Spain United Kingdom United States of America Bahrain Iran Iraq Jordan Kuwait Lebanon Oman Palestine Qatar Saudi Arabia Syria United Arab Emirates Yemen Algeria Egypt Libya Morocco Sudan Tunisia Western Sahara

Masdar's joint ownership of Terra-Gen demonstrates long-term commitment to investing in and supporting U.S. energy transitionTerra-Gen's gross operating portfolio comprises 3.8GW of wind, solar and battery storage projects, including 5.1GWh of energy storage facilities across 30 renewable power sitesTerra-Gen's 12GW+ pipeline includes new windfarm and new solar park to start commercial operations in 2025and connect: facebook.com/masdar.ae and twitter.com/masdar

About Terra-Gen: 
Terra-Gen, LLC is a leading U.S. developer, owner and operator of utility-scale renewable energy projects in North America. Terra-Gen's gross operating portfolio comprises 3.8GW of wind, solar and battery storage projects, including 5.1GWh of energy storage facilities across 30 renewable power sites throughout the U.S., predominantly in California and Texas. Formed in 2007, Terra-Gen is owned by Abu Dhabi Future Energy Company PJSC – Masdar ("Masdar"), the United Arab Emirates' clean energy powerhouse, and Igneo Infrastructure Partners, a leading global investment manager with US$19.5 billion in direct infrastructure assets. For more information, visit www.terra-gen.com.

About Igneo Infrastructure Partners:  
Igneo is an autonomous investment team in the First Sentier Investors Group. It invests in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities and transportation / logistics sectors in North America, the UK, Europe, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on responsible and proactive asset management. As of June 30, 2024, Igneo managed more than US$19.2 billion in assets for 200 investors around the world. For more information visit igneoip.com.

About ECP:

Energy Capital Partners (ECP), founded in 2005, is a leading equity and credit investor across energy transition, electrification and decarbonization infrastructure assets. The ECP team, comprised of 90 people with 800 years of collective industry experience, deep expertise and extensive relationships, has consummated more than 100 equity (representing nearly US$60 billion of enterprise value) and over 20 credit transactions since inception. For more information, visit www.ecpgp.com.

Photo - https://mma.prnewswire.com/media/2519833/Masdar.jpg
Logo - https://mma.prnewswire.com/media/2514011/MASDAR_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/masdar-accelerates-us-renewables-expansion-closes-acquisition-of-50-stake-in-terra-gen-302263505.html

@ prnewswire.co.uk