Masdar, an Abu Dhabi Future Energy Company, has reportedly announced acquiring a 50% stake in a 1.6 gigawatts clean-energy portfolio of projects in the United States from EDF Renewables. Speculations have it that the two companies had in the previous year agreed to collaborate in eight renewable energy projects, including the five solar PV projects in California with an overall capacity of 689 MW, and three utility-scale wind ventures in Texas and Nebraska accounting for 815 megawatts.
According to official sources, all the three wind projects; namely Coyote wind project, Milligan 1 wind project, and Las Majadas wind project; are currently in the concluding stage of construction and expected to commence commercial operations in the first quarter of this year.
Meanwhile, of the other five solar PV projects, four; including Maverick 1 and Maverick 4 with a total capacity of 309 MWdc, and Desert Harvest 1 and Desert Harvest 2 PV projects with 213 MWdc of solar capacity; began the commercial operations in December 2020. The final project, Big Beau, in California, is expected to reach commercial operations by the end of this year.
Speaking on the accomplishment, CEO of Masdar- Mohamed Jameel AI Ramahi, cited that this initiative forms an important milestone in the company’s collaboration with EDF Renewables North America. He added that standing as one of the leading renewable energy producers in the globe in terms of installed power capacity, the States provides a considerable scope for further development and growth, and with Joe Biden’s clean energy investment protocol, the company clearly expects to explore greater opportunities in the market.
On the other hand, Bruno Bensasson, CEO and Chairman, EDF Renewables, quoted that the firm is extremely delighted to have partnered with Masdar and extend its services to the United States. He mentioned that this new cooperation with Masdar would allow EDF to continue to build on their joint success today and beyond.