Abu Dhabi renewables leader chooses wind energy for its first North American investment [CNBC]
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Source: CNBC
Abu Dhabi renewables leader chooses wind energy for its first North American investment Abu Dhabi renewables leader chooses wind energy for its first North American investment Natasha Turak @NatashaTurak Published 15 Mins Ago Updated 2 Mins Ago CNBC.com show chapters Discussing the renewable energy business in Abu Dhabi 3 Hours Ago | 03:06 The Abu Dhabi Future Energy Company, also known as Masdar, has acquired stakes in two U.S. wind farms in what will be its first-ever foray into the North American market. The company, a subsidiary of Emirati investment vehicle Mubadala Development Company, on Tuesday announced its share purchase agreement to buy British developer John Laing Group's interest in wind farms in Texas and New Mexico. The 149 megawatt (MW) Rocksprings project in Texas is home to 53 of General Electric's 2.3MW wind turbines and 16 of its 1.72MW turbines in Val Verde County, while the Sterling project in New Mexico's Lea County has a total installed capacity of 29
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