Highlights Masdar closes on acquisition of 50 percent stake of combined solar and battery project located in California Companies have agreed to partner on portfolio of eight clean energy . . .
RIYADH: Abu Dhabi-based renewable energy firm Masdar has acquired a 50 percent stake in a combined solar and battery project in California, further extending its presence in the US’s renewable market. Big Beau project consists of a 128-MW photovoltaic solar plant and a 40/160-MW battery energy storage system, according to a press release. The project was acquired from the
Masdar, one of the world’s fastest-growing clean energy companies, has further expanded its presence in the US’ renewables market after closing the acquisition of a 50% stake in a combined solar and battery storage project.