Masdar completed a 50% stake in the combined solar and battery storage project of EDF Renewables.

Masdar, a clean energy company, completed a 50% stake in the combined solar and battery storage project of EDF Renewables, a power producer and service provider. Financial terms were not disclosed. “Masdar has a strong working relationship with EDF that originated in the Middle East and now extends across the globe, and we are pleased to further strengthen that relationship today. We are also committed to growing our activities in the US over the coming years and see it as an extremely important strategic market for Masdar. I look forward to growing our presence in the US as a developer and independent power producer, as part of our targeted global expansion of reaching at least 100 GW by the end of this decade,” Mohamed Jameel Al Ramahi, Masdar CEO.