Masdar strengthens U.S. footprint in renewable energy by acquiring Terra-Gen

Masdar, an Abu Dhabi-based clean energy company, said on Monday that it would acquire Terra-Gen, a leader in renewable energy in the U.S. This strategic expansion further advances Masdar's position in the United States, where an opportunity now exists to further strengthen its position in wind and solar power projects at the core of the ongoing energy transition.

In line with the mission of Masdar towards driving sustainable energy solutions throughout the world, the acquisition of Terra-Gen will enable Masdar to tap into Terra-Gen's strong portfolio of renewable assets, leveraging its capital and experience into accelerating clean energy initiatives. Further, beyond operational capacity building for Masdar, this will directly impact the increase in job creation and economic growth within the U.S. renewable sector.

As the global energy demands are transforming into a more sustainable way, Masdar's investment in the U.S. market represents an effort to fight for climate change and promote low-carbon economy. This cooperation with Terra-Gen demonstrates strategic cooperation as a key factor to realize renewable energy goals and puts Masdar at the top of its position in the international energy environment. This acquisition has secured a major step forward on Masdar's road to sustainability.