Masdar Accelerates U.S. Renewables Expansion, Closes Acquisition of 50% Stake in Terra-Gen

• Masdar's joint ownership of Terra-Gen demonstrates long-term commitment to investing in and supporting U.S. energy transition
• Terra-Gen's gross operating portfolio comprises 3.8GW of wind, solar and battery storage projects, including 5.1GWh of energy storage facilities across 30 renewable power sites
• Terra-Gen's 12GW+ pipeline includes new windfarm and new solar park to start commercial operations in 2025

ABU DHABI, UAE, Oct. 1, 2024 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC - Masdar ("Masdar"), the United Arab Emirates' clean energy powerhouse, today announced the closing of its acquisition of a 50 percent stake in Terra-Gen Power Holdings II, LLC ("Terra-Gen" or "the Company"), one of the largest independent renewable energy producers in the United States, from Energy Capital Partners ("ECP").