Masdar completed the acquisition of a 50% stake in Terra-Gen from Energy Capital Partners.

Masdar, the United Arab Emirates' clean energy powerhouse, completed the acquisition of 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. "The finalization of this deal cements a strong relationship between Masdar and Terra-Gen. Masdar is a great partner for Terra-Gen because of our shared focus on developing clean energy projects and our commitment to decarbonization. We look forward to working with them to expand and build on our pipeline of US projects," Jim Pagano, Terra-Gen CEO.