Masdar closes acquisition of 50% stake in Terra-Gen ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
Masdar closes acquisition of 50% stake in Terra-Gen
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 91
Abu Dhabi Future Energy Company (Masdar) has announced the closing of its acquisition of a 50% stake in Terra-Gen Power Holdings II from Energy Capital Partners (ECP). The company is said to be one of the largest independent renewable energy producers in the United States. ECP, a private investor in power and renewable assets in the United States, has fully exited its position in Terra-Gen in connection with the closing of the transaction. Igneo Infrastructure Partners (Igneo), a global infrastructure investment manager, retains its existing 50% stake in Terra-Gen, said a statement from Masdar. Before the Terra-Gen acquisition, its US portfolio of utility scale wind, solar and storage assets

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