Masdar deepens US energy market footprint with 50% stake in Big Beau project

Masdar deepens US energy market footprint with 50% stake in Big Beau project

Masdar, one of the world’s fastest-growing clean energy companies, has further expanded its presence in the United States’ renewables market after closing the acquisition of a 50 percent stake in The Big Beau project, a combined solar and battery storage project, from EDF Renewables North America.

The Big Beau project, located in California, comprises a 128-megawatt (MWac) photovoltaic (PV) solar plant and a 40 MW/160 MWh battery energy storage system. It is one of eight projects that Masdar and EDF Renewables have agreed to jointly partner in, with a combined capacity of 1.6 gigawatts (GW).

Dr. Sultan bin Ahmed Al Jaber

UAE Minister – Industry & Advanced Technology

Chairman – Masdar “Big Beau and the other projects that we are operating with EDF Renewables are already making an active contribution to US clean energy targets, highlighting the strength of the UAE-US relationship that the recent PACE announcement seeks to build on. If we are to keep the objective of limiting global warming to 1.5 degrees alive, we need to see countries coming together in concerted action, one of the key areas of focus for the upcoming COP28 in the UAE. Partnerships between companies like Masdar and EDF Renewables are also vital in ensuring we