Abu Dhabi's Masdar to buy 50% stake in EDF's US clean energy portfolio | ZAWYA MENA Edition:
Masdar, one of the world’s leading clean energy developers and a unit of Mubadala Investment Company, has announced its second strategic investment in the US in a deal with EDF Renewables North America that will see it acquire a 50 per cent stake in a 1.6-gigawatt (GW) clean-energy portfolio.
As per the deal, Masdar has bought a 50 percent interest in three utility-scale wind farms in Nebraska and Texas totalling 815 MW, and five photovoltaic (PV) solar projects in California – two of which include battery energy storage systems – totalling 689 MW of solar and 75 MW of lithium-ion battery energy storage.
The 243 MW Coyote wind project is located in Scurry County, Texas; the 273 MW Las Majadas wind project is in Willacy County, Texas; and the 300 MW Milligan 1 wind project is in Saline County, Nebraska.
All three wind projects are currently under construction and expected to begin commercial operations in the fourth quarter of 2020.
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