Masdar Buys Stake in California Solar+Storage Challenge

Masdar has additional expanded its presence within the U.S. renewables market after closing the acquisition of a 50% stake in a mixed solar and battery storage venture from EDF Renewables North America. 

The Big Beau venture, positioned in California, includes a 128 MW AC photovoltaic solar plant and a 40 MW/160 MWh battery energy storage system. The venture got here on-line final yr.

Masdar notes that that is one among eight initiatives that the corporate and EDF Renewables have agreed to collectively associate in, with a mixed capability of 1.6 GW.

“Big Beau and the other projects that we are operating with EDF Renewables are already making an active contribution to U.S. clean energy targets, highlighting the strength of the UAE-US relationship that the recent PACE announcement seeks to build on,” says Dr. Sultan Al Jaber, chairman of Masdar.

Masdar and EDF Renewables North America agreed in 2020 to collectively associate within the 1.6 GW portfolio, which incorporates three utility-scale wind initiatives in Nebraska and Texas totaling 815 MW and 5 solar initiatives in California totaling 689 MW – two of which embrace battery energy storage methods representing 75 MW. All of the initiatives are operational.

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