Masdar’s first US solar project acquisitions include PV-plus-storage

August 18, 2020
LinkedIn
Twitter
Reddit
Facebook
Email
Masdar’s Mohammed bin Rashid Al Maktoum Solar Park, Dubai. Image: Masdar.

Abu Dhabi-based Masdar will acquire a 50% stake in 689MW of solar assets from EDF in the US, marking its first solar investment in the country.

Under the terms of the agreement with EDF Renewables North America, Masdar has bought a 50% interest in five PV projects in California – two of which include battery energy storage systems – totalling 689MW of solar and 75MW / 300MWh of lithium-ion battery energy storage.

The company has also acquired the same stake in three utility-scale wind farms in Nebraska and Texas. In total, the deal sees Masdar acquire a 50% interest in a 1.6GW clean energy portfolio.

Masdar made its first entry into the US renewables market last year, buying into two wind farms in Texas and New Mexico. CEO Mohamed Jameel Al Ramahi said the US offers “considerable scope for further growth and diversification” of the company’s renewable energy portfolio.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“We are delighted to expand our presence there through this landmark deal to invest in eight clean energy assets in California, Nebraska and Texas, and to further strengthen our global partnership with EDF Renewables,” he said.

To read the full version of this story, visit PV Tech.

15 April 2026
Milan Marriott Hotel, Italy
Solarplus Europe 2026 marks the evolution of Europe’s longest-running solar conference, reflecting the industry’s transition from standalone PV to fully integrated solar-plus-storage and hybrid energy systems. Taking place in Milan, the Summit will unite developers, investors, policymakers, and technology leaders to explore how Europe can deliver firm, flexible, and bankable renewable power at scale. With a sharp focus on system integration, storage deployment, hybrid project design, and market-ready business models, Solarplus Europe provides the platform for shaping the next phase of the continent’s solar and clean power build-out.
15 September 2026
San Diego, USA
You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

Premium
April 2, 2026
The Reno Planning Commission, in Nevada, US, recommended approval for a conditional-use permit for the 200MW Trego Grid energy storage project on 4 March.
April 2, 2026
In this news roundup, Aypa power upsizes its credit facility, Georgia Power begins construction on a 260MW BESS, and IOWN Energy on behalf of Eolus sells a 506MWh BESS to DESRI
Premium
April 2, 2026
MetaWealth COO Michael Topolinski IV discussed the firm’s first BESS project in Romania, which is partially financed with bonds marketed at retail investors. 
April 1, 2026
EnerVenue, the US company commercialising technology adapted from nickel-hydrogen batteries, has closed a US$300 million extension of its Series B preferred stock financing round.
April 1, 2026
Developer-investor Hexa Energy Services has inaugurated what is thought to be Japan’s first operational battery storage project with a capacity market contract.