Masdar to acquire a 50% stake in a US clean energy portfolio of EDF.

Masdar, a clean energy developer, agreed to acquire a 50% stake in a US clean energy portfolio of EDF, a French multinational electric utility company. Financial terms were not disclosed. "As the second largest renewable energy producer in the world in terms of installed power capacity, the US offers considerable scope for further growth and diversification of our 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," Mohamed Jameel Al Ramahi, Masdar CEO.