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

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

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.

“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

Read Next

May 1, 2025
System integrator Intilion will provide 81MWh of its BESS technology for a project in North-Rhine Westphalia, Germany.
May 1, 2025
Copenhagen Infrastructure Partners (CIP) will divest a 50% ownership stake in its 500MW Coalburn 1 BESS to alternative investor AXA IM Alts.
Sponsored
May 1, 2025
Alper Peker and Dominic Multerer of Camopo explain how flexibility is the key to long-term profitability for hybrid renewables-plus-storage power plants.
May 1, 2025
Yarra Energy Foundation has secured funding to install three new community batteries in and around Melbourne, Victoria, Australia.
May 1, 2025
AEMO has revealed that, as of March 2025, the pipeline of new standalone BESS in the NEM has increased by 86% year-on-year (YoY).

Most Popular

Email Newsletter