Abu Dhabi clean energy company Masdar has agreed to acquire a 50 per cent stake in US renewable energy power producer Terra-Gen from New Jersey-based Energy Capital Partners.
Established in 2007, Terra-Gen is one of the largest independent renewable energy power producers in the US.
Energy Capital Partners will fully exit its position in the company following the transaction, while the infrastructure investment manager Igneo Infrastructure Partners will retain its existing 50 per cent stake in Terra-Gen, Masdar said on Tuesday.
Our investment in Terra-Gen’s impressive energy portfolio expands our existing US footprint and reinforces…
