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Energy - AUGUST 13, 2020

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EDF Renewables sells 50% stake in 1.6GW clean-energy portfolio

by Released

Masdar is making its second strategic investment in the United States in a deal with EDF Renewables North America that will see it acquire a 50 percent stake in a 1.6-gigawatt (GW) clean-energy portfolio.

Under the terms of the agreement, Masdar has acquired a 50 percent interest in three utility-scale wind farms in Nebraska and Texas totaling 815 megawatts (MW), and five photovoltaic (PV) solar projects in California — two of which include battery energy storage systems — totaling 689 MW of solar and 75 MW of lithium-ion battery energy storage.

The 243-MW Coyote wind project is located in Scurry County, Texas; the 273-MW Las Majadas wind project is in Willacy County, Texas; and the 300 MW Milligan 1 wind project is in Saline County, Nebraska. All three wind projects are currently under construction and expected to begin commercial operations in the fourth quarter 2020.

In Riverside County, Calif., the Desert Harvest 1 and Desert Harvest 2 PV projects total

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