Masdar Buys into U.S. Portfolio of EDF Renewables North America

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Masdar acquires a 50 percent stake in a 1.6 GW clean energy portfolio.

Official Press Release Masdar:

Masdar and EDF Renewables agree to partner in eight renewable energy projects in United States

Landmark agreement with EDF Renewables North America will see Masdar expand its footprint in the US to California and Nebraska, and grow presence in Texas / The clean energy assets include wind, solar PV, and battery storage projects with a total combined capacity of 1.6 GW

Masdar, one of the world’s leading clean energy developers and a subsidiary of Mubadala Investment Company, today announced its second strategic investment in the United States (US) in a deal with EDF Renewables North America that will see it acquire a 50 percent stake in a 1.6-gigawatt (GW) clean-energy portfolio. Under the terms of the agreement, Masdar has acquired a 50 percent interest in three utility-scale wind farms in Nebraska and Texas totalling 815 megawatts (MW), and five... ... More: Official Press Release Masdar

Masdar, EDR Renewables North America, USA, renewable energy, developer, clean energy, asset, buy, sale, wind, solar, battery, storage, investment

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