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.
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Masdar to Acquire 50% Stake in Terra-Gen from Energy Capital Partners
Basing a claim on a single incident, e.g., the murder of Charlie Kirk, has no real validity.
So, here’s was AI says on the matter:
Violent crime, particularly homicide and gun violence, is significantly higher in the United States compared to Europe.
The U.S. homicide rate fluctuates between 5.5 and 6.5 per 100,000 residents, whereas most Western European countries see rates well below 2.0 per 100,000. A resident of the U.S. is generally 5 – 6 times more likely to be a victim of a homicide than someone living in Western Europe.
The meme here speaks volumes to life in the United States and free market capitalism as a whole.
I happened to have met the guy who, in the 1990s, tried to build railways that would connect Dallas, Houston, Austin, and San Antonio. One day he got a phone call from Herb Kelleher, co-founder and former CEO of Southwest Airlines, who told him, “The fare between any of the major cities in Texas is $80. The day you drive your first spike in the ground, I’m lowering it to $8.”
American businesspeople are no more interested in the wellbeing of our people than they have in being diagnosed with cancer.
If you’re wondering why there is so much pushback against renewable energy and other elements of climate change mitigation, you really don’t to look much further.
Hmm. He’s the governor of the most populous state in the country, whose revenues, if it were a country, would make it the fourth largest economy on Earth. His state ranks in the top five in terms of colleges and universities. We’re wealthy, well-educated, and extremely productive.
It’s true that he’s not a Trump supporter, but California (and the rest of the world) generally regards the current U.S. president as a criminal sociopath.
Yes, that infuriates folks who are poor, ignorant, racist, and disease-ridden, but generally speaking, it doesn’t bother Californians.
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