Masdar has announced the closing of its acquisition of a 50 percent stake in Terra-Gen Power Holdings from Energy Capital Partners (ECP). ECP has fully exited its position in Terra-Gen in connection with the closing of the transaction, while Igneo Infrastructure Partners (Igneo) retains its existing 50 percent stake in Terra-Gen.
Terra-Gen's gross operating portfolio currently comprises 3.8 GW of wind, solar, and battery storage projects, including 5.1 GWh of energy storage facilities across 30 renewable power sites throughout the U.S., predominantly in California and Texas. Terra-Gen is currently developing more than 12 GW of wind, solar, and battery storage projects in the USA, with development activities in California, Texas, and New York. The project pipeline includes 386 MW of Texas wind and California solar, and 512 MWh of California energy storage facilities, with commercial operations anticipated in 2025.
