Why is Masdar investing in Terra-Gen?

Masdar aims to accelerate Terra-Gen's growth as a leading developer and operator of utility-scale clean energy projects with this investment. This strategic move advances Masdar's ambitious plans in the growing U.S. market.

Who is Terra-Gen?

Terra-Gen – A Website for Terra-Gen LLC. Terra-Gen is one of the largest integrated and independent renewable energy power producers in the United States. We are an end-to-end project development, financing and operating company producing quality, utility-scale renewable power across a diverse set of technologies.

How will Masdar support Terra-Gen?

Masdar’s 18-year history of funding, developing, owning and operating clean energy projects around the world will support Terra-Gen’s ambitions to grow its renewable capacity and portfolio in the U.S. One of the world’s fastest-growing clean energy companies, UAE-based Masdar first invested in the U.S. energy market in 2019.

Why did Masdar buy Terra-Gen?

Established in 2006, Masdar has a long-standing commitment to advancing renewable energy projects across the globe. The purchase of a 50% share in Terra-Gen represents another significant milestone as the company works to support the target set in the historic UAE Consensus to triple global renewables capacity by the end of this decade.

Who owns Terra-Gen?

Formed in 2007, Terra-Gen is owned by Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the United Arab Emirates’ clean energy powerhouse, and Igneo Infrastructure Partners, a leading global investment manager with US$19.5 billion in direct infrastructure assets.

Will Energy Capital Partners exit Terra-Gen?

Energy Capital Partners (ECP) will fully exit its position in Terra-Gen in connection with the transaction. Igneo Infrastructure Partners (Igneo) will retain its existing 50 percent stake in the company.