Masdar has signed a definitive agreement to acquire a 50% stake in Terra-Gen Power Holdings from Energy Capital Partners (ECP), who will fully exit its position in Terra-Gen in connection with the transaction.
Established in 2007, Terra-Gen is a provider of end-to-end renewable project development, financing and operating capabilities. It currently operates approximately 2.4 GW of wind and solar and 5.1 GWh of energy storage facilities across 32 U.S. sites, predominantly in California and Texas.
“Our investment in Terra-Gen’s impressive energy portfolio expands our existing U.S. footprint and reinforces Masdar’s long-term commitment across our U.S. portfolio,” says Mohamed Jameel Al Ramahi, CEO of Masdar.
“This transaction unites one of the largest independent renewable energy producers in the U.S. with Masdar, one of the fastest growing clean energy companies in the world. We look forward to working alongside Igneo as our valued partner to accelerate Terra-Gen’s growth and deliver world-class innovation at utility scale in support of the global energy transition.”
The transaction is expected to close by the end of 2024. Igneo Infrastructure Partners will retain its existing 50% stake in the company. The company made its initial investment in Terra-Gen in 2020.
Lazard and Guggenheim Securities are serving as financial advisors and Latham & Watkins is serving as legal advisor to Terra-Gen. BMO Capital Markets and JP Morgan are serving as financial advisors and White & Case and Covington & Burling are serving as legal advisors to Masdar. Mayer Brown is serving as legal advisor to Igneo.
The post Masdar to Acquire 50% Stake in Terra-Gen from Energy Capital Partners appeared first on Solar Industry.
Masdar to Acquire 50% Stake in Terra-Gen from Energy Capital Partners
If the question at left were posed to me, I would respond: love one another.
Below is the seal of the school I attended as a boy. The motto in ancient Greek, close to the bottom, is pronounced “fuh-LAY-ta uh-LAY-loose,” and translates into English as exactly that–love one another.
This concept sits at the basis of Quakerism, the principle upon which the Willliam Penn Charter School (“PC”) in Philadelphia was founded in 1689. We are all equal. We all share “personhood.”
To most PC graduates, it’s weird when we hear, for instance, that the Christians and the Muslims or that the Sunnis and the Shiites “don’t get along.” Can’t we just knock off this mean and childish behavior? Our common humanity sits right in front of our noses.
The cave drawings at Lascaux that were made 40,000 years ago reveal something very important. We today are no different from the people living at that time in any way that is fundamental or basic. We all love our children, and we all gaze at the sky, contemplating the wonders of the universe.
Harming each other is the repellant to our minds.
What do you notice about the shopping bag in the photo?
It has no handles.
That’s right, Albertson’s, with annual revenues of more than $83 billion, has decided to inconvenience its customers, forcing them to wrap both of their arms around their grocery bags to get them into and out of their shopping carts, into and out of their cars, and finally into their homes.
The savings? From what I can learn from AI, the answer is somewhere around $0.12 each. If you’re interested, you can Google: “cost per 1000000 paper grocery bags.”
I understand that grocery stores operate on low margins, but if it were my decision to make, I wouldn’t be deliberately pissing off my customers, many of them elderly, who are spending $100 for a bag of my groceries in order to save 12 cents.
Yet the Albertson’s example isn’t unique; in fact, it’s everywhere you go. Look at your cell phone bill and your streaming services. Corporate greed is grinding you into the pavement while it relished in your misery.
What do you notice about the shopping bag in the photo?
It has no handles.
That’s right, Albertson’s, with annual revenues of more than $83 billion, has decided to inconvenience its customers, forcing them to wrap both of their arms around their grocery bags to get them into and out of their shopping carts, into and out of their cars, and finally into their homes.
The savings? From what I can learn from AI, the answer is somewhere around $0.12 each. If you’re interested, you can Google: “cost per 1000000 paper grocery bags.”
I understand that grocery stores operate on low margins, but if it were my decision to make, I wouldn’t be deliberately pissing off my customers who are spending $100 for a bag of my groceries in order to save 12 cents.
Yet Albertson’s isn’t unique; in fact, it’s everywhere you go. Look at your cell phone bill and your streaming services. Corporate greed is grinding you into the pavement while it relished in your misery.
https://www.2greenenergy.com/2026/07/22/why-are-huge-corporations-slapping-their-customers-in-the-face/
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