UAE-based Masdar extends its influence in the United States by acquiring a 50% stake in Terra-Gen from Energy Capital Partners. This move illustrates Masdar’s confidence in the potential of the US renewable energy market. The investment in Terra-Gen reflects Masdar’s commitment to accelerating the growth of its clean energy portfolio. The agreement also underscores the strategic importance of the US market to Masdar’s global objectives.
Terra-Gen, a linchpin for renewable growth
Terra-Gen is a growth driver for Masdar. The company manages significant wind and solar power generation capacity, as well as energy storage facilities, mainly in California and Texas. Masdar’s acquisition of Terra-Gen should strengthen the company’s position in the U.S. renewable energy market, while supporting its expansion objectives.
A shared vision for the future of renewable energy
The leaders of Masdar and Terra-Gen share a common vision focused on sustainable development and decarbonization. This collaboration is envisaged as a catalyst for the development of new clean energy projects and expansion into new markets. Terra-Gen’s management and team, supported by Masdar, aim to develop responsible energy projects that benefit local communities and future generations.
A strategic partnership with Igneo
Igneo, retaining its 50% stake in Terra-Gen, plays a crucial role in this growth phase. The partnership between Masdar and Igneo is based on a shared vision of Terra-Gen’s future as an independent leader in renewable energy in North America. This three-way collaboration between Masdar, Igneo and Terra-Gen is seen as a major lever for accelerating the global energy transition.
Masdar’s strategic investment in Terra-Gen is part of a broader initiative to support the energy transition in the United States. It marks an important milestone in Masdar’s ambition to develop a renewable energy portfolio of at least 100 GW by 2030.
