United Arab Emirates, March 20 -- Masdar, the United Arab Emirates' clean energy powerhouse, today announced that it has signed a definitive agreement to acquire a 50 percent stake in Terra-Gen Power Holdings II, LLC ("Terra-Gen"), one of the largest independent renewable energy power producers in the United States, from Energy Capital Partners ("ECP").
ECP, a leading investor across energy transition, electrification and decarbonization infrastructure assets, will fully exit its position in Terra-Gen in connection with the transaction. Igneo Infrastructure Partners ("Igneo"), a global infrastructure investment manager, will retain its existing 50 percent stake in the company. Igneo made its initial investment in Terra-Gen in December 2020...