Abu Dhabi’s Masdar Seeks US Acquisitions to Hit Green Power Goal
- Around a quarter of Masdar’s projects may be in the US by 2030
- Abu Dhabi energy company bought 50% stake in Terra-Gen in 2024
Terra-Gen has around 4 gigawatts of installed capacity in the US.
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Abu Dhabi’s main renewables energy company is looking to expand its business in the US after taking a 50% stake in Terra-Gen Power Holdings II LLC a year ago.
“The US today is one of our biggest growth markets,” Philip Haddad, president and chief executive officer of Masdar Americas LLC, said at an event in Abu Dhabi on Tuesday. “We are looking to grow to about 25 gigawatts in the US in the next five years.”