Friday, August 14, 2020

EDF Renewables Partners With Masdar On Energy Projects

San Diego-based renewable energy developer EDF Renewables North America has partnered with Abu Dhabi-based Masdar, a subsidiary of Mubadala Investment Company, on a series of eight renewable energy projects in the United States. Financial details of the deal were not announced. According to the two companies, Masdar will acquire a 50 percent stake in a 1.6-gigawatt (GW) clean energy portfolio. The companies said Masdar has acquired a 50 percent interest in three utility-scale wind farms in Nebraska and Texas totalling 815 megawatts (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.