Masdar attained first closing on the acquisition of half of a 1.6 GW portfolio in the US
- Masdar Clean Energy of the UAE has actually accomplished the very first closing on the acquisition of half of a 1.6 GW clean-energy portfolio in the United States from EDF Renewables The United States And Canada.
The companies announced last year that they had accepted partner in 8 renewable energy projects, consisting of 3 utility-scale wind projects in Nebraska and also Texas amounting to 815 MW, and also 5 photovoltaic or pv solar projects in California completing 689 MW-- two of that include lithium-ion battery energy storage space systems standing for 75 MW.
Of the 5 projects in California, four already began business procedures. As reported, these include the "Desert Harvest 1" as well as "Desert Harvest 2", which total 213 MW, and also the "Maverick 1" and also "Maverick 4" PV projects which total 309 MW. The final project in California is "Big Beau", a 128 MW PV as well as 40 MW/160 MWh battery energy-storage system, which remains in Kern County and also will reach commercial procedure in December 2021. All three wind projects are currently in the final stage of construction as well as anticipated to start industrial operations in the initial quarter of this year.
Power from the diversified portfolio projects will be marketed under lasting agreements to a range of off takers, consisting of utilities and neighborhood choice collectors.