Emirates News Agency – “Masdar” ends the closure of the first phase of the deal to acquire a portfolio of clean energy projects in the United States

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ABU DHABI, February 8th, WAM – Abu Dhabi Future Energy Company, “Masdar”, one of the world’s leading renewable energy companies, announced today that it has completed the closing of the first phase of the deal to acquire 50 percent of its 1.6 gigawatt clean energy projects portfolio in the United States of America from EDF Renewables North America Corporation.

Last year, Masdar and EDF Renewables North America announced a partnership agreement in eight renewable energy projects, including three wind power plants across the utility-scale services in Nebraska and Texas, with a total capacity of 815 megawatts, and five energy projects. Solar PV in California, two of which are equipped with a battery system to store energy, have a total production capacity of 689 MW of solar energy and 75 MW of energy that is stored within the “lithium-ion” battery system.

Construction is currently continuing on the three wind energy projects within this portfolio. Commercial operations are expected to begin in the first quarter of this year and include the Coyote 243 MW wind power plant project in Scorey County, Texas, and the Las Magadas power plant project. 273 MW wind capacity in Willacy County, Texas, and the 300MW Milligan 1 wind power plant project in Saline County, Nebraska.

Four of the five projects in the state of California have commenced commercial operations, all of which are located in the “Riverside” county. These projects include “Desert Harvest 1” and “Desert Harvest 2” stations, with a total capacity of 213 MW of solar PV in addition to “Maverick 1” and “Maverick 4” stations, with a total capacity of 309 MW.

The last project in California is the “Big Bio” solar photovoltaic project with a capacity of 128 MW, which is equipped with a storage battery capacity of 40 MW / 160 MWh, and is located in “Kern” County, and will start commercial operation of the project at the end of 2021.

“This agreement is an important achievement in the framework of our cooperation with EDF Renewables North America, as these projects actively contribute to achieving the goals of renewable energy in the United States,” said Mohamed Jamil Al-Ramahi, CEO of Masdar.

And he stressed that the United States of America provides a great opportunity for expansion and growth as the second largest producer of renewable energy in the world in terms of the volume of installed energy, and said: “While investment in clean energy is a priority for the administration of US President Joe Biden, we expect greater opportunities to emerge within this market.” .

For his part, Bruno Bensasson, Senior Executive Vice President of EDF Group and CEO of EDF Renewables, expressed his happiness for the strengthening of the solid partnership between EDF and Masdar to include the United States of America after several projects in which it cooperated. The two companies are in the Middle East.

And he said that renewable energy in the United States is one of the sectors that enjoy great potential and is eligible for growth and development, and it is also a major market for “EDF Renewables”, which has been able to achieve a leading position over the past three decades, both in developing solar and wind energy projects, Or energy storage battery systems, and through this new cooperation with Masdar, we will continue to build on our common successes. ”

The power generated from the various portfolio projects will be sold under long-term contracts to a variety of contractors including utility service providers and the Energy Management Pool (CCAs).

The eight projects have created more than 2,000 jobs in the US clean energy sector and will help prevent the release of more than 3 million metric tons of carbon dioxide annually.

WAM / Ahmad Jamal / Assem Al-Khouli





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