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New Deal


Announced

Masdar to acquire a 50% stake in Terra-Gen from Energy Capital Partners.

Synopsis

Masdar, the United Arab Emirates' clean energy powerhouse, agreed to acquire a 50% stake in Terra-Gen, an independent renewable energy power producer in the United States, from Energy Capital Partners, a private equity firm. Financial terms were not disclosed. "Our investment in Terra-Gen's impressive energy portfolio expands our existing US footprint and reinforces Masdar's long-term commitment across our US portfolio. This transaction unites one of the largest independent renewable energy producers in the US with Masdar – one of the fastest growing clean energy companies in the world. We look forward to working alongside Igneo as our valued partner to accelerate Terra-Gen's growth and deliver world-class innovation at utility scale in support of the global energy transition," Mohamed Jameel Al Ramahi, Masdar CEO.

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